A high-profile founder is preparing to celebrate a milestone birthday. A swanky resort on the outskirts of Bengaluru has been booked, with the guest list that reads like a who’s who of the startup, venture capital, and policy circles. But beyond the celebrations lies a subtle signal to the world. After a rather turbulent year, the occasion appears to be both a celebration and a statement: this founder isn’t just weathering the storm but thriving.

Done deal or still up in the air? That’s the question swirling around a much-watched startup and its latest fundraising efforts. Rivals are nervously eyeing a potential war chest that could trigger fresh bouts of cash burn across the sector. Investors, meanwhile, are trying to read the tea leaves, wondering whether this marks a comeback moment after a stretch of unflattering media coverage. For now, all eyes remain firmly on the cap table.

The solar sector is one of the most active segments in India Inc's IPO pipeline with at least nine issuers gearing up for a D-street debut. A little birdie tells us one of these aspirants is part of a group known for its chops in the renewable energy space, which is helmed by an entrepreneur who shares his name with a global steel magnate. Two of its listed peers have also fared rather well on the bourses in the last six months. Any guesses?