Bookbuilding IPO | ₹640 Cr | Listing at BSE, NSE |
Cosmic PV Power Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on March 30, 2026 to raise funds through Initial Public Offer (IPO).
Cosmic PV Power Ltd. IPO is a Book Build Issue of ₹640.00 crores consisting of a fresh issue of shares worth Rs ₹540.00 crores and an offer for sale (OFS) of ₹100.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Systematix Corporate Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Cosmic PV Power IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹640 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹540 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹100 Cr) |
| Share Holding Pre Issue | 6,94,01,818 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 30, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 2020, Cosmic PV Power Ltd. is engaged in the manufacturing of solar photovoltaic (PV) modules, along with providing EPC services and aluminium frame manufacturing. The company operates across solar and renewable energy segments, catering to OEMs, EPC players, and other industrial clients.
The company has scaled its manufacturing capacity from 100 MW in 2021 to 3.00 GW per annum as of the DRHP date. It operates automated manufacturing facilities in Surat, Gujarat, producing a range of solar PV modules with capacities between 420 WP to 750 WP.
It is also listed under the Ministry of New and Renewable Energy’s ALMM-I, enabling participation in government and utility-scale projects.
In addition, through its subsidiary, Cosmic Greentech Private Limited, the company undertakes aluminium profile manufacturing. As of February 28, 2026, the company has an order book of 2,643.65 MW and a presence across 13 states, serving 661 customers including OEMs and EPC companies.
The company has a workforce of 440 employees.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 346.90 | 211.85 | 74.66 | 25.03 |
| Total Income | 182.01 | 246.29 | 100.34 | 48.22 |
| Profit After Tax | 12.82 | 24.44 | 6.58 | 1.84 |
| Reserves and Surplus | 43.78 | 68.63 | 10.81 | 2.17 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the costs towards setting up of a planned manufacturing facility of the Company in Narmadapuram, Madhya Pradesh (“Proposed Greenfield Project”) | 497.14 |
| 2 | General corporate purposes | |
| Total | 497.14 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 13.93% | 57.73% |
| ROCE | 10.84% | 39.22% |
| Debt/Equity | 1.21 | 0.79 |
| RoNW | 11.60% | 34.74% |
| PAT Margin | 7.05% | 9.97% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.52 | |
| Promoter Holding | 82.99% |
Lead Manager Reports
Cosmic PV Power IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹640 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Cosmic PV Power IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Cosmic PV Power IPO using UPI as a payment gateway. Zerodha customers can apply in Cosmic PV Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cosmic PV Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cosmic PV Power IPO dates are not announced. Please check back again after some time.
Cosmic PV Power IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Cosmic PV Power IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Cosmic PV Power IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Cosmic PV Power IPO allotment status.
The Cosmic PV Power IPO listing date is not yet announced. The tentative date of listing is .
