Solar component manufacturer Vishakha Renewables has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering (IPO).The IPO will comprise a fresh issue of equity shares aggregating up to ₹12.5 billion (~$129.85 million) and an offer for sale (OFS) of up to 18.15 million equity shares by existing shareholders. The equity shares have a face value of ₹10 (~$0.10) each.
