100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4441.26 Crs.  Total funds raised in 2,025.00

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

Rayzon Solar Limited IPO Peer Comparison

Rayzon Solar IPO is a MainBoard Upcoming IPO coming on BSE,NSE with an IPO size of [●] .
This IPO falls under the Solar sector, which has seen 6 IPOs to date. Key sector metrics such as average PE ratio, IPO size, EBITDA margin, and PAT margin are compared below with the figures from the Rayzon Solar IPO.

Rayzon Solar
IPO Details


IPO Industry -
Solar

IPOs So Far: 6

Issue Size (IPO)

[●]

Total Fund Raised

₹ 14,941.34 Cr.

Average Issue Size

₹ 2,490.22 Cr.

PE Ratio (IPO)

[●] x

Average PE Ratio

19.23 x

EBITDA Margin (IPO)

18.13 %

Average EBITDA Margin

39.74 %

PAT Margin (IPO)

12.21 %

Average PAT Margin

-49.99 %

Rayzon Solar
IPO Details

IPO Industry

Solar

IPOs So Far 6


IPO Fund Raised

[●]

Total Fund Raised

₹ 14,941.34 Cr.

Average Fund Raised

₹ 2,490.22 Cr.

IPO PE Ratio

[●] x

IPO EBITDA

18.13 %

IPO PAT

12.21 %

Average PE Ratio

19.23 x

Average EBIDTA

39.74 %

Average PAT

-49.99 %

Peer Companies of Rayzon Solar IPO as Per DRHP

Rayzon Solar IPO Peer Comparison with key metrics mentioned in the DRHP.

Company Name
Revenue
Face Value
CMP
PE
Basic EPS
Diluted EPS
RoNW %
NAV
PAT
1275.38
2
2.03
2.03
69.79
2.91
60.93
11632.76
10
2971.20
62.08
48.05
47.86
30.72
157.76
1274.38
3171.31
1
1021.40
186.39
6.93
5.48
35.06
25.05
231.36
Company Name Revenue Face Value CMP PE Basic EPS Diluted EPS RoNW % NAV PAT
Rayzon Solar Limited 1275.38 2 2.03 2.03 69.79 2.91 60.93
Waaree Energies Limited 11632.76 10 2971.20 62.08 48.05 47.86 30.72 157.76 1274.38
Premier Energies Limited 3171.31 1 1021.40 186.39 6.93 5.48 35.06 25.05 231.36
Notes

Source: All the financial information for listed industry peer mentioned above is on a consolidated basis and is sourced from the filings made with stock exchanges for the Financial Year ended 31 March, 2024.
Source for Rayzon Solar Limited: Based on the Restated Financial Statements for the period ended December 31, 2024 and for the financial years ended March 31, 2024, March 31, 2023 and March 31, 2022.
Notes:
i. P/E Ratio has been computed based on the closing market price of equity shares on June 24, 2025, divided by the Diluted EPS.
ii. Return on Net Worth (%) = Net profit after tax, as restated / Net worth as restated as at period/year end.
iii. Net worth means the aggregate value of the paid up share capital of the Company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, miscellaneous expenditure not written off, as per the restated balance sheet, but does not include reserves created out of revaluation of assets, capital reserve, foreign currency translation reserve, write-back of depreciation as at period /year end, as per Restated Financial Statement of Assets and Liabilities of the Company.
iv. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.

Peer Comparison of Rayzon Solar IPO in This Sector

You can do performance analysis for Rayzon Solar IPO with Listed IPOs in the Solar sector and review their IPO performance based on Merchant banker, Listing price, IPO Valuation and other metrics.

Select Listed IPO for Comparison:
Basis
Rayzon Solar IPO
vs
vs
vs

IPO Date
[●]


IPO Size
₹ [●]

PE Multiple
[●] X

Listing Price
₹ [●]

IPO Performance Report of Solar Sector

This IPO report captures the post-listing performance of IPOs in the Solar sector, featuring key metrics like offer price, listing gain, and CMP to help investors assess return potential and sector sentiment.

NAME OFFER PRICE LISTING PRICE LISTING GAIN CMP CMP %
Oswal Pumps IPO
Financial Report >>
₹ 614.00 ₹ 634.00 3.26% ₹ 684.85 12%
ACME Solar IPO
Financial Report >>
₹ 289.00 ₹ 253.50 -12.28% ₹ 249.70 -14%
Waaree Energies IPO
Financial Report >>
₹ 1503.00 ₹ 2336.80 55.48% ₹ 2992.90 99%
Premier Energies IPO
Financial Report >>
₹ 450.00 ₹ 839.65 86.59% ₹ 1053.10 134%
Sterling and IPO
Financial Report >>
₹ 780.00 ₹ 725.35 -7.01% ₹ 311.00 -60%
Indosolar Limited IPO
Financial Report >>
₹ 29.00 ₹ 23.70 -18.28% [●] [●]

Sector wise IPO Performance Report Available >>

Rayzon Solar IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

Listed Peers IPO Details

Rayzon Solar Limited
[●]
IPO Size : [●]
Waaree Energies Limited
28th October 2024
IPO Size : 4321.44 Cr.
Premier Energies Limited
3rd September 2024
IPO Size : 2830.40 Cr.
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Explore Other DRHPs

Oswal Pumps Limited

  Solar

  Karnal


ACME Solar Holdings Limited

  Solar

  New Delhi


Waaree Energies Limited

  Solar

  Mumbai


Premier Energies Limited

  Solar - Panels

  Hyderabad



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Who are the peers of Rayzon Solar IPO

The peers of Rayzon Solar , include other listed companies operating in the (Solar) segment. These peer companies typically offer similar services Some of the notable peers as per the DRHP of this company are Rayzon Solar Limited , Waaree Energies Limited , Premier Energies Limited ,
See the complete list of current IPO

What is Peer Comparison in IPO Analysis?

Peer Comparison is the method of evaluating an entity by comparing its performance, size of business form other entities operating in same industry or sector. It involves financial analysis by comparing key financial metrics like Profitability, Net worth, Market Capitalization and Leverage IPO Performance tracker

Why Peer Comparison is important for IPO Review?

Peer comparison helps to identify companies in the same sector with a similar business. It helps to compare the financial performance and valuation against its listed peers. An investor or an analyst can decide whether the IPO price is justified when compared to its peers. An investor can make informed decision whether to apply to IPO or not on basis of peer comparison. Know the process of DRHP and Peer companies Information required to be disclosed in DRHP.

As of now 6 IPOs are listed in this sector indicating strong growth in this sector. Choosing the best IPO depends on factors like, financial performance, valuation, market trends and future growth plans. IPO Review and performance.

What is a good PE ratio for an Solar company?

A good PE Ratio for Solar sector depends on various factors like, performance of the company, market conditions, company valuation and IPO Size. PE Ratio varies from sector to sector and company to company. Know the average PE Multiple in each sector.

How many companies are listed in the Solar sector?

Currently 6 companies are listed under Solar sector. Based on the latest data from the Stock Exchanges. Choose the Best Merchant Banker from the Merchant Banker List

Is Rayzon Solar IPO good in comparison with its competitors?

Performance of companies depends on various factors like, profits, future plans, Market share, PE Ratio etc. By assessing these factors investor can make better investment decisions.Rayzon Solar Peer comparison provides IPO analysis of companies listed in this sector, on the basis of different Key performance indicators (KPI)like, Listing Gain of peers, current market price, PE Ratio and IPO Size.

Which are the Upcoming IPO in the Solar sector?

Upcoming IPO refers to companies which have filed their DRHP with the Stock exchange and are awaiting approval from NSE or BSE 9 companies have filed their DRHP for IPO under Solar sector. .New IPO 2025-2026 and Upcoming IPO

How to calculate the PE multiple based on your sector?

PE Multiple is a metrics that is widely used for IPO Valuation. Merchant bankers in coordination with the company decides the PE Multiple.The PE Multiple depends on various factors and it should be analyzed in coordination with other financial metrics. Know the PE ratio of your company with PE Calculator provided by IPOplatform

Peer Companies Of This Sector

FAQs

Rayzon Solar operates in Solar and Solar Photovoltaic (PV) Module Manufacturers. The Issue is listed on BSE,NSE in Jul, 2025. Rayzon Solar IPO size was with Issue price of .

Merchant Banker(s) of Rayzon Solar IPO: Ambit Private Limited , IIFL Securities Limited , SBI Capital Markets Limited

Rayzon Solar IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Rayzon Solar IPO listed at a listing price of against the offer price of .

The current market price of Rayzon Solar is .

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