Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
JJ PV Solar Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.65 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Beeline Broking Ltd. is the book running lead manager and MUFG Intime India Pvt.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 JJ PV Solar IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 65,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 65,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,75,00,000 shares |
| Share Holding Post Issue | 2,40,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Aug 6, 2025 |
| SEBI/Exchange approval received | Fri, Sep 12, 2025 |
JJ PV Solar is engaged in providing Engineering, Procurement and Construction (EPC) services in the solar energy sector, offering end-to-end turnkey solar power solutions along with associated Operations and Maintenance (O&M) services. It executes a diverse range of solar projects, including residential rooftop, commercial & industrial (C&I) rooftop, ground-mounted systems, and solar water pump installations for both private and Government clients.
Beyond EPC services, we supply a wide range of solar products and equipment such as Solar PV Modules, inverters, pump controllers, and related accessories.
Key Services:
In the last four financial years and up to June 30, 2025, it has successfully developed, executed and commissioned 69 major projects under the Ground-Mounted segment, with a cumulative capacity of over 96MW anda total project value exceeding ₹ 30,000.00 lakhs.
Under the Commercial & Industrial (C&I) rooftop segment, the company has completed 9 major projects aggregating over 8 MW of installed capacity with a total project value exceeding ₹ 2,700 lakhs for private as well as Government clients. Additionally, it has executed more than 5,200 residential rooftop solar projects, representing over 18.8 MW of capacity and a total project value of over ₹ 6,400.00 lakh.
Competitive Strengths
| Period Ended | 31 Mar 2025 |
|---|---|
| Assets | 75.98 |
| Total Income | 212.10 |
| Profit After Tax | 14.87 |
| EBITDA | 21.84 |
| NET Worth | 31.22 |
| Reserves and Surplus | 13.72 |
| Total Borrowing | 9.23 |
| Amount in ₹ Crore | |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment / prepayment, in full or part, of certain outstanding borrowings availed by our Company | 2.47 |
| 2 | To Meet Working Capital Requirements | 53.50 |
| 3 | General Corporate Purpose |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 62.55% |
| ROCE | 50.08% |
| Debt/Equity | 0.30 |
| RoNW | 47.63% |
| PAT Margin | 7.03% |
| EBITDA Margin | 10.32% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLM (including any underwriting commission, brokerage and selling commission) | |
| 2 | Fees Payable to Registrar to the Issue | |
| 3 | Fees payable to Legal Advisor | |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | |
| 6 | Fees payable to Peer Review Auditor | |
| 7 | Fees Payable to Market Maker (for Three Years) | |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees and miscellaneous expenses.) | |
| 9 | Escrow Bank Fees | |
| 10 | Other miscellaneous |
Lead Manager Reports
JJ PV Solar IPO is a SME IPO of 65,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The JJ PV Solar IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in JJ PV Solar IPO using UPI as a payment gateway. Zerodha customers can apply in JJ PV Solar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in JJ PV Solar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The JJ PV Solar IPO dates are not announced. Please check back again after some time.
JJ PV Solar IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in JJ PV Solar 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 JJ PV Solar IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the JJ PV Solar IPO allotment status.
The JJ PV Solar IPO listing date is not yet announced. The tentative date of listing is .
