Rayzon Solar IPO vs Sudeep Pharma IPO

Comparison between Rayzon Solar IPO and Sudeep Pharma IPO.

IPO Details

Rayzon Solar IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sudeep Pharma IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Rayzon Solar IPO is up to ₹1,500.00 Cr whereas the issue size of the Sudeep Pharma IPO is up to ₹895.00 Cr. The final issue price of Rayzon Solar IPO is and of Sudeep Pharma IPO is ₹593.00 per share.

 Rayzon Solar IPOSudeep Pharma IPO
Face Value₹2 per share₹1 per share
Issue Price (Lower)₹563.00 per share
Issue Price (Upper)₹593.00 per share
Issue Price (Final)₹593.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size25 shares
Fresh Issue Size0 shares16,02,023 shares
Fresh Issue Size (Amount)up to ₹1,500.00 Crup to ₹95.00 Cr
OFS Issue Size0 shares1,34,90,726 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹800.00 Cr
Issue Size Total0 shares1,50,92,749 shares
Issue Size Total (Amount)up to ₹1,500.00 Crup to ₹895.00 Cr

IPO Timetable

Rayzon Solar IPO opens on , while Sudeep Pharma IPO opens on Nov 21, 2025. The closing date of Rayzon Solar IPO and Sudeep Pharma IPO is , and Nov 25, 2025, respectively.

Financials & KPIs

Rayzon Solar IPO P/E ratio is , as compared to Sudeep Pharma IPO P/E ratio of 47.61.

 Rayzon Solar IPOSudeep Pharma IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 2024
Assets996.99
Total Income1,964.00
Profit After Tax239.03
EBITDA354.85
NET Worth326.34
Reserves and Surplus323.08
Total Borrowing172.62
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Sudeep Pharma Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets922.26717.17513.87420.11
Total Income130.08511.33465.38438.26
Profit After Tax31.27138.69133.1562.32
EBITDA48.57199.28187.7698.64
NET Worth688.32497.53359.07226.29
Reserves and Surplus668.52481.11354.59221.88
Total Borrowing135.97135.2575.0382.26
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.189.37
Promoter Shareholding (Post-Issue)76.15
P/E Ratio47.61
Market Cap₹6697.85 Cr.
ROE
ROCE
Debt/Equity0.20
EPS₹12.46
RoNW27.88%

Shares Offered

In the Rayzon Solar IPO Retail Individual Investors (RII) are offered while in Sudeep Pharma IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Rayzon Solar IPO and 30,18,550 shares in Sudeep Pharma IPO.

 Rayzon Solar IPOSudeep Pharma IPO
Anchor Investor Reservation45,27,823 shares
Market Maker Reservation0 shares
QIB30,18,550 shares
NII22,63,913 shares
RII52,82,463 shares
Employee0 shares
Others
Total1,50,92,749 shares

Bids Received (Subscription)

Rayzon Solar IPO subscribed in total, whereas Sudeep Pharma IPO subscribed 93.71x.

 Rayzon Solar IPOSudeep Pharma IPO
QIB (times)213.08x
NII (times)116.72x
Big NII (times)134.91x
Small NII (times)80.33x
RII (times)15.65x
Employee (times)
Other (times)
Total (times)93.71x

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