Vishakha Renewables files DRHP for ₹1,250 crore IPO
In short
Vishakha Renewables filed a DRHP for an IPO with a ₹1,250 crore fresh issue. It may also do a pre-IPO placement of up to ₹250 crore.
If that placement happens, the fresh issue will be smaller. The source does not say the listing date, price band, or valuation.
What the reporting says
Adani Group-backed Vishakha Renewables filed a draft red herring prospectus for an IPO with a ₹1,250 crore fresh issue, according to the supplied summary. The company may also consider a pre-IPO placement of up to ₹250 crore, which would reduce the fresh issue size if completed. The source does not state the proposed valuation, timeline, or exchange on which it plans to list.
Why it matters
The filing marks an early step toward an IPO for Adani Group-backed Vishakha Renewables, with a ₹1,250 crore fresh issue and a possible ₹250 crore pre-IPO placement. If the placement goes through, the fresh issue will be cut by that amount. The reporting does not include the company’s financial details, issue timing, or listing venue.