cosmic PV Power Limited

Cosmic PV Power (NEW IPO): GMP, Profit, Price & expert review

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Cosmic PV Power Limited is engaged in the manufacturing of solar photovoltaic (PV) modules, along with EPC (Engineering, Procurement & Construction) services and aluminium frame production for solar systems. The company operates in the renewable energy sector and is part of India’s fast-growing solar manufacturing ecosystem.

Cosmic PV Power Limited was incorporated on 01 Sept 2020 & currently Mr. Shravan Kumar Gupta serves as the Managing Director of the company.

Cosmic PV Power Limited has a pan-India customer reach in utility-scale solar projects and EPC supply chains and has recently expanded into large IPP markets with ~₹600 crore orders. It provides Solar PV module manufacturing, EPC services for solar projects, and aluminium frame production for solar systems.

Cosmic PV Power Limited has filed its DRHP with SEBI for an IPO of ₹ 640 Cr featuring a Fresh Issue of ₹ 540 Crore and an Offer for Sale (OFS) of ₹ 100 crore.

Subscription date to apply for Cosmic PV Power Limited is yet to be announced. Price band for the IPO is yet to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 640 Cr
Fresh Issue:₹ 540 Cr
Offer for Sale:₹ 100 Cr
Price Range:TBA
Lot Size:TBA
GMPPending

Cosmic PV Power Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 70.35 Cr
Revenue:₹ 245.16 Cr
EBITDA₹ 39.04 Cr
EBITDA Margin:~15.93%
PAT₹ 24.43 Cr
PAT Margin~ 9.97%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Financing costs towards setting up facility₹ 497.14 Cr
Subsidiary InvestmentN/A
Sales and MarketingN/A
General Corporate PurposeN/A

Cosmic PV Power Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 48.09₹ 99.94₹ 245.16
PAT (₹ Cr)₹ 1.83₹ 6.57₹ 24.43
Asset (₹ Cr)₹ 25.02₹ 74.66₹ 211.85
Net Worth (₹ Cr)₹ 3.66₹ 12.37₹ 70.35

Cosmic PV Power Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
05-May₹ –₹ –₹ –
04-May₹ –₹ –₹ –
03-May₹ –₹ –₹ –
02-May₹ –₹ –₹ –
01-May₹ –₹ –₹ –
Cosmic PV Power Limited

Cosmic PV Power Limited IPO Pros & Cons

Strengths:

  • Strong exposure to India’s fast-growing solar energy and renewable sector.
  • Integrated business model (PV modules + EPC + aluminium frames) supports better margin control.
  • Rising government push for Make in India solar manufacturing boosts long-term demand.
  • Backward integration in solar components can improve cost efficiency and scalability.
  • IPO proceeds expected to support capacity expansion and business growth.

Risks:

  • Highly competitive solar manufacturing sector with price pressure from large players.
  • Business is sensitive to raw material (polysilicon/aluminium) price fluctuations.
  • Relatively young company with limited long-term operating track record.
  • Execution risk in scaling EPC projects and manufacturing capacity efficiently.
  • Dependence on government policies and subsidies in renewable energy sector.

Cosmic PV Power Limited
Promoters – Pre offer equity (Approx)

Promoters%Shares
Jenishkumar Deepakkumar Ghael~ 21.99 %
Shravan Kumar Gupta~ 21.99 %
Surabhi Sureshchandra Sahu~ 19.50 %
Maitry Jenishkumar Ghael~ 19.50 %
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Cosmic PV Power Limited Promoters – Pre offer equity (Approx)

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Cosmic PV Power Limited

Lead / Book Running Lead ManagersSystematix Corporate Services Limited,
Valmiki Leela Capital Private Limited
Registrar (RTA)KFin Technologies Limited

FAQ’S of Cosmic PV Power Limited

  • It manufactures solar PV modules, aluminium frames, and provides EPC services for solar projects in India’s renewable energy sector.

  • Cosmic PV Power Limited is raising funds to expand manufacturing capacity, develop a new solar facility, and support general corporate growth and working capital needs.

  • The IPO includes a Fresh Issue of ₹ 540 Crore and an Offer for Sale (OFS) of ₹ 100 Crore. It will be listed on NSE and BSE platform.

  • Key risks include intense solar industry competition, raw material price volatility, dependency on government policies, and execution challenges in large-scale expansion.

  • Potential upsides include strong renewable sector growth, government support for solar manufacturing, integrated operations, and increasing demand for clean energy solutions.

  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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