IPO update: Juniper Green, Rayzon Solar, Gaja Asset Mgt, Sillverton Ind, Amir Chand Jagdish file DHRP with Sebi

The primary market is witnessing a surge in IPO activity, with over 110 companies having filed their Draft Red Herring Prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI) to list on the domestic bourses. In a fresh development, five more companies have submitted their IPO papers to the capital market regulator. These include Juniper Green Energy, Rayzon Solar, Gaja Alternative Asset Management, Sillverton Industries, and Amir Chand Jagdish Kumar (Exports).

Here's all you need to know about companies that filed DRHP recently:

Juniper Green Energy IPO

The Gurugram-based renewable energy company plans to raise up to ₹3,000 crore through a fresh issue of equity shares. There is no offer for sale component by existing shareholders. The capital raised via public issue will be primarily used to repay debts.

As per the DRHP filed with the Sebi, Juniper Green Energy may consider raising funds up to ₹600 crore via pre-IPO placement. If it manages to garner capital in the pre-IPO round, the company may cut fresh issue size to the extent of the said amount.

The company plans to use ₹2,250 crore out of the total proceeds for repayment of debt, while the remaining funds will be used for general corporate purposes. As of May 2025, the company had outstanding borrowings of ₹5,894.3 crore, on a consolidated basis, the company said in its DRHP filed on June 27.

Rayzon Solar IPO

The solar panel manufacturing company has filed IPO papers for a ₹1,500 crore IPO. The issue is entirely a fresh issue of equity shares with a face value of ₹2 each, which will be primarily used to invest in its subsidiary.

The company may consider pre-IPO placement of up to ₹300 crore, which could reduce the final issue size.

Out of the ₹1,500 crore, the company intends to use ₹1,265 crore to invest in its wholly owned subsidiary, Rayzon Energy Private Limited. The fund will be used to partially finance a 3.5 GW solar cell manufacturing facility in Kathvada, Gujarat. The remaining funds will be used for general corporate purposes.

Gaja Alternative Asset Management IPO

The asset management company has taken confidential route to file its IPO papers with the Sebi. The company, which operates under the brand Gaja Capital, is reportedly looking to use IPO proceeds to seed new funds and expand distribution network both in India and abroad. The issue size and others details were not disclosed by the company.

The company has "submitted the pre-filed draft red herring prospectus (DRHP) with the markets regulator and the stock exchanges for the proposed listing of its equity shares on the main board," it said in a public announcement.

Sillverton Industries IPO

Eco-friendly paper manufacturer has filed draft papers with the market regulator to raise capital via the IPO route. The public issue is a mixture of fresh issue of equity shares worth ₹300 crore, and an OFS of 3.22 crore equity shares by promoters.

The capital raised from issuance of fresh equities will be used towards capital expenditure for sustainability initiatives at the existing manufacturing facility, such as the installation of a 14 MW waste-to-energy captive power plant and a compressed bio gas plant.

A part of the capital will be used to enhance the rewinder and sheeter capacity and to construct in-house warehouses at the existing facility; while a portion will be used to repay debt and meet general corporate purposes.

Amir Chand jagdish kumar (exports) IPO

Haryana-based basmati rice exporter and producer has filed preliminary papers with the Sebi seeking to raise ₹550 crore via an initial share sale. The public issue is solely fresh issuance of equity shares which will be mainly used for working capital requirements (₹500 crore) and the remainder for general corporate purposes.

Amir Chand Jagdish Kumar (Exports) is the third largest company in the basmati rice segment in terms of revenue, amongst the listed entities after LT Foods, and KRBL, as per the DRHP filed on June 27.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)