IPO Watch, Feb. 11 -- Rite Water Solutions (India) has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO).

A Clean-tech company based in Nagpur has evolved from being a provider of water technology solutions to a prominent player in the Clean-tech sector. It delivers a wide array of solutions and services that include water management, solar agriculture, and IoT-enabled systems, focusing heavily on rural sustainability and large-scale execution.

According to a report by 1Lattice cited in the DRHP, the company is recognized as the second fastest-growing entity in the water sector by revenue from Fiscal 2022 to 2024, with its ...