Cosmic PV Power Ltd. IPO Details
Cosmic PV Power was incorporated on September 1, 2020. The company is one of the fastest-growing solar PV module manufacturers in India, with significant capacity expansion from 100 MW in 2021 to 3.00 GW. Its vertically integrated operations across manufacturing, EPC, and component production enable it to serve diverse customer needs from module supply to project execution
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹6,400.0 M | DRHP DOC |
Cosmic PV Power issue details
Cosmic PV Power IPO issue size is ₹ 6,400.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Cosmic PV Power IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Cosmic PV Power NUMBER OF SHARES ON OFFER
Cosmic PV Power FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 181.7 | 12.6 | -18.4 | -94.6 | 15.3% |
| FY25 | 245.2 | 23.9 | 3.8 | -47.6 | 15.9% |
| FY24 | 99.9 | 6.5 | 3.9 | -20.5 | 11.4% |
| FY23 | 48.1 | 1.8 | -1.0 | -1.4 | 8.6% |
Cosmic PV Power INFORMATION ON IPO ISSUE
About Cosmic PV Power
Cosmic PV Power was incorporated on September 1, 2020. The company is one of the fastest-growing solar PV module manufacturers in India, with significant capacity expansion from 100 MW in 2021 to 3.00 GW. Its vertically integrated operations across manufacturing, EPC, and component production enable it to serve diverse customer needs from module supply to project execution
Object of the Issue
- Financing the costs towards setting up of a planned manufacturing facility of the company in Narmadapuram, Madhya Pradesh
- General corporate purposes
Cosmic PV Power - PROMOTERS
| Name |
|---|
| Jenishkumar Deepakkumar Ghael |
| Shravan Kumar Gupta |
| Surabhi Sureshchandra Sahu |
| Maitry Jenishkumar Ghael |
Cosmic PV Power - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Jenishkumar Deepakkumar Ghael | Chairman & Whole-time Director |
| Shravan Kumar Gupta | Managing Director |
| Surabhi Sureshchandra Sahu | Non-Executive Director |
| Maitry Jenishkumar Ghael | Non-Executive Director |
| Kirti Dhaval Shah | Non-Executive Independent Director |
| Abhijeet Rakesh Jain | Non-Executive Independent Director |
| Desai Madhavji Makodbhai | Non-Executive Independent Director |
| Ravindrakumar Shyamlal Shah | Non-Executive Independent Director |
Cosmic PV Power Book Running Lead Manager
Systematix Corporate Services Limited
cosmic.ipo@systematixgroup.in
Valmiki Leela Capital Private Limited
cosmic.ipo@valmikileela.com
Cosmic PV Power Registrar to the Offer
KFin Technologies Limited
cosmicpvpower.ipo@kfintech.com
Cosmic PV Power Strengths
Diverse product portfolio
The company is a fast-growing Solar PV module manufacturer in India with capabilities across module manufacturing, EPC, and component production, serving diverse customer needs. Its wide product portfolio includes advanced technologies such as TopCon, Mono-PERC, and bifacial modules, offering high efficiency and long-term warranties
Manufacturing capabilities
The company’s advanced manufacturing facilities with automated processes support consistent product quality and operational efficiency. It has significantly expanded capacity from 100 MW to 3.00 GW and holds ALMM certification, with further capacity additions underway
Client relationship
The company has a strong presence across multiple states in India, serving a diversified customer base including OEMs and EPC players. Its consistent product performance and execution have driven significant growth in sales, particularly among its key customers
Cosmic PV Power Risks
Counterparty credit risk
The company is exposed to counterparty credit risk, and any delay or non-receipt of payments from customers may adversely impact its cash flows and operations. Such risks, if material, could affect its financial performance despite no significant past instances
Operational risks
The company’s order book may not accurately reflect future revenue, as projects can be delayed, modified, cancelled, or not fully paid. Any execution challenges or changes in these projects may adversely impact its financial performance and operations
Regulatory risks
The company is subject to environmental, health, and safety regulations, and any changes or stricter enforcement may increase compliance costs and liabilities. Rising regulatory requirements could lead to higher capital and operating expenses, potentially impacting financial performance
IPO FAQs
The promoters of the company are Jenishkumar Deepakkumar Ghael, Shravan Kumar Gupta, Surabhi Sureshchandra Sahu and Maitry Jenishkumar Ghael.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.