Mumbai: Ahmedabad-based solar engineering, procurement and construction (EPC) firm Deon Energy has filed draft papers with SEBI for an initial public offering that would fund its move into solar power generation.The proposed IPO includes a fresh issue of up to 72 lakh equity shares and an offer for sale of up to 20 lakh shares by promoters, according to the draft red herring prospectus. Deon Energy plans to expand into solar power generation, alongside its existing EPC business Key points and original sources are listed below.

• Mumbai: Ahmedabad-based solar engineering, procurement and construction (EPC) firm Deon Energy has filed draft papers with SEBI for an initial public offering that would fund its move into solar power generation.The proposed IPO includes a fresh issue of up to...S1

• Deon Energy plans to expand into solar power generation, alongside its existing EPC businessS2

• Deon Energy, an Ahmedabad-based solar EPC firm, is set to launch an IPO to gather capital. This offering will feature a fresh equity share issue coupled with a promoter's sale of shares. The funds raised aim to establish a 30 MW solar power plant in Gujarat wh...S3