Cosmic PV Power IPO
Cosmic PV Power IPO Details
-
Open Date
TBA
-
Close Date
TBA
-
Listing Date
TBA
- IPO Price Range
TBA
- IPO Size
₹ 640 Cr
- Listing Exchange
BSE NSE
Cosmic PV Power IPO Timeline
Last Updated: 15 April 2026 5:24 PM by krishika_vyas
Cosmic PV Power Ltd. manufactures solar photovoltaic (PV) modules and provides EPC services alongside aluminium frame production. The company has expanded its capacity from 100 MW in 2021 to 3.00 GW annually, operating automated facilities in Surat, Gujarat. Listed under the MNRE’s ALMM-I, it serves OEMs and EPC players. Through its subsidiary, it also produces aluminium profiles, with a 2,643.65 MW order book and operations across 13 states.
Established in: 2020
Managing Director: Shravan Kumar Gupta
Peers:
| Metric |
Cosmic PV Power Limited |
Waaree Energies Limited |
Premier Energies Limited |
Vikram Solar Limited India Limited |
Emmvee Photovoltaic Power Limited |
|
Face Value |
10.00 | 10.00 | 10.00 | 10.00 | 2.00 |
|
Closing Price |
- | 2709.30 | 731.00 | 173.00 | 195.19 |
| Total Revenue | 245.16 | 14444.50 | 6518.75 | 3423.45 | 2335.61 |
| EPS (Basic) | 3.94 | 68.24 | 21.35 | 4.61 | 6.22 |
| EPS (Diluted) | 3.94 | 67.96 | 21.35 | 4.60 | 6.22 |
| RONW (%) | 34.74 | 20.37 | 33.55 | 11.26 | 69.88 |
| NAV | 10.85 | 329.87 | 61.96 | 39.24 | 8.90 |
| P/E | - | 39.87 | 34.24 | 37.80 | 31.38 |
Cosmic PV Power Objectives
1. Financing the costs towards setting up of a planned manufacturing facility of the Company in Narmadapuram, Madhya Pradesh (₹497.14 Cr)
2. General corporate purposes
Cosmic PV Power IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹640 Cr |
| Offer For Sale | ₹540 Cr |
| Fresh Issue | ₹100 Cr |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 48.10 | 99.95 | 245.16 |
| EBITDA | 1.84 | 6.58 | 24.44 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 25.03 | 74.66 | 211.85 |
| Share Capital | 1.50 | 1.56 | 1.73 |
| Total Liabilities | 21.36 | 62.20 | 140.85 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -1.01 | 3.92 | 3.85 |
| Net Cash Generated From / (used in) Investing Activities | -0.44 | -24.11 | -55.53 |
| Net Cash Generated From / (used in) Financing Activities | 1.34 | 20.33 | 51.76 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.10 | 0.14 | 0.08 |
Strengths
1. Strong manufacturing capacity scaled to 3.00 GW annually
2. Diversified offerings including modules, EPC, aluminium manufacturing
3. ALMM-I listing enables participation in government projects
4. Wide customer base across OEMs and EPC players
Weaknesses
1. High dependence on solar sector demand cycles
2. Capital intensive operations requiring continuous large investments
3. Geographic concentration of manufacturing facilities in Gujarat
4. Limited global presence compared to larger competitors
Opportunities
1. Growing renewable energy demand driven by policy support
2. Expansion into international markets for solar module exports
3. Increasing utility-scale projects boosting EPC service demand
4. Backward integration improving cost efficiencies and margins
Threats
1. Intense competition from domestic and global manufacturers
2. Volatility in raw material prices impacting profitability
3. Policy changes affecting subsidies and project approvals
4. Rapid technological changes making existing products obsolete
1. Strong capacity expansion from 100 MW to 3.00 GW
2. Established presence across multiple states and diverse customers
3. Integrated business model including EPC and aluminium manufacturing
4. Robust order book ensuring near-term revenue visibility
India’s solar energy sector is witnessing rapid expansion, supported by favourable government policies, rising power demand and energy transition goals. Increased focus on domestic manufacturing through initiatives like ALMM and PLI schemes is boosting local players. Growing utility-scale and rooftop installations, along with export opportunities, position solar module manufacturers for sustained long-term growth, driven by decarbonisation targets and infrastructure investments.
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FAQs
The official opening and closing dates for the Cosmic PV Power IPO have not been announced yet. Keep checking this page for the most up-to-date information as soon as the schedule is confirmed.
The size of Cosmic PV Power IPO is ₹640 Cr.
The price band for the Cosmic PV Power IPO is yet to be finalised. Once the company files its RHP and receives regulatory clearance, we’ll update this page with the confirmed details.
Once the Cosmic PV Power IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Cosmic PV Power IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Cosmic PV Power IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
While the official lot size is yet to be declared, based on recent mainboard IPO trends, the minimum investment is likely to range between ₹14,000 to ₹15,000. Stay tuned to this page for confirmation.
The allotment date has not been announced yet. We will update this section as soon as the final schedule is made available. Keep tracking this page for timely information.
The listing date for the Cosmic PV Power IPO will be known after the issue closes and allotments are finalised. Bookmark this page to receive the latest listing updates as soon as they are published.
Systematix Corporate Services Ltd is the book running lead managers for Cosmic PV Power IPO.
Cosmic PV Power IPO plans to utilise the raised capital from the IPO for:
1. Financing the costs towards setting up of a planned manufacturing facility of the Company in Narmadapuram, Madhya Pradesh (₹497.14 Cr)
2. General corporate purposes
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sme- Date Range 23 Oct- 27 Oct’23
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