Cosmic PV Power IPO Details
| IPO Open Date | 2026 |
| IPO Close Date | 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹[.] to ā¹[.] Per Share |
| Issue Size | Approx ā¹640 Crores |
| Fresh Issue | Approx ā¹540 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Cosmic PV Power IPO Review & Key Points
- Review:
Cosmic PV Power IPO Market Lot
The Cosmic PV Power IPO minimum market lot is [.] shares with ā¹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ā¹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ā¹- |
| Retail Maximum | – | – | ā¹- |
| S-HNI Minimum | – | – | ā¹- |
| S-HNI Maximum | – | – | ā¹- |
| B-HNI Minimum | – | – | ā¹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Cosmic PV Power IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Cosmic PV Power IPO Dates
The Cosmic PV Power IPO date is 2026 and the close date is 2026. The Cosmic PV Power IPO allotment will be finalized on 2026 and the IPO listing on 2026.
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Jenishkumar Deepakkumar Ghael, Shravan Kumar Gupta, Surabhi Sureshchandra Sahu, and Maitry Jenishkumar Ghael.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 6,94,01,818 | 82.99% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Financing the costs towards setting up of a planned manufacturing facility of the Company in Narmadapuram, Madhya Pradesh (āProposed Greenfield Projectā) | ā¹497.14 |
| General Corporate Purpose | ā¹- |
About Cosmic PV Power IPO
Incorporated in 2020, Cosmic PV Power Ltd. is one of the leading firms in the manufacturing of solar photovoltaic (PV) modules, along with providing EPC services and aluminium frame manufacturing. It was founded in 2020.
It operates across solar and renewable energy segments, offering to OEMs, EPC players, and other industrial clients.
The company has significantly 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 wide range of solar PV modules with capacities ranging from 420 Wp to 750 Wp.
Cosmic PV Power IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹48.22 | ā¹46.01 | ā¹1.84 | ā¹25.03 |
| 2024 | ā¹100.34 | ā¹92.39 | ā¹6.58 | ā¹74.66 |
| 2025 | ā¹246.29 | ā¹216.36 | ā¹24.44 | ā¹211.85 |
| Sep 2025 | ā¹182.01 | ā¹166.38 | ā¹12.82 | ā¹346.90 |
Cosmic PV Power IPO Valuation – FY2025
Check Cosmic PV Power IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 57.73% |
| ROCE: | 39.22% |
| EBITDA Margin: | 15.93% |
| PAT Margin: | 9.97% |
| Debt to equity ratio: | 0.79 |
| Earning Per Share (EPS): | ā¹3.94(Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.74% |
| Net Asset Value (NAV): | ā¹10.85 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Waaree Energies Limited | 68.24 | 39.87 | 20.37 | 329.50 | 14444.50 Cr. |
| Premier Energies Limited | 21.35 | 34.24 | 33.55 | 61.96 | 6518.75 Cr. |
| Vikram Solar Limited | 4.61 | 37.80 | 11.26 | 39.24 | 3423.45 Cr. |
| Emmvee Photovoltaic Power Limited | 6.22 | 31.38 | 69.88 | 8.90 | 2335.61 Cr. |
| Solex Energy Limited | 39.98 | 21.58 | N.A. | N.A. | 662.23 Cr. |
IPO Lead Managers aka Merchant Bankers
- Systematix Corporate Services Ltd.
- Valmiki Leela Capital Pvt. Ltd.
Company Address
Cosmic PV Power Ltd.
E-11, First Floor,
Ghael Compound, Nr. Laxminarayan Temple BRTS,
Udhna
Surat, Gujarat, 394210
Phone: 85116 18802
Email: compliance@cosmicpvpower.com
Website: https://www.cosmicpvpower.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: cosmicpvpower.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Cosmic PV Power IPO FAQs
What is Cosmic PV Power IPO?
When Cosmic PV Power IPO will open for subscription?
What is Cosmic PV Power IPO Investors Portion?
How to Apply the Cosmic PV Power IPO?
What is Cosmic PV Power IPO Issue Size?
What is Cosmic PV Power IPO Price Band?
What is Cosmic PV Power IPO Lot Size?
What is the Cosmic PV Power IPO Allotment Date?
What is the Cosmic PV Power IPO Listing Date?
Note: The Cosmic PV Power IPO price band and date are officially announced. The (Cosmic PV Power IPO grey market premium) will be added to the IPO GMP page as it will start).
