Goldi Solar Is Said to Consider $350 Million India IPO

Goldi Solar Pvt. is weighing an initial public offering that could raise as much as $350 million, according to people familiar with the matter, potentially adding to a revival in listings among India’s renewable-energy companies.

The Gujarat-based solar module maker has shortlisted advisers for the proposed share sale and is likely to file a draft prospectus as early as April, the people said, asking not to be identified because the information is private. The offering is expected to comprise largely fresh shares, with a small secondary component from existing investors, and could take place this year, the people said.