Cosmic PV Power unlisted share price

Price history

About

Cosmic PV Power Limited is a solar module maker based in Udhna, Surat, Gujarat. It began manufacturing in 2021 with 100 MW of annual capacity. Installed capacity was 1.40 GW as on September 30, 2025 and 3.00 GW at the date of its draft offer document. It is listed in the Approved List of Module Manufacturers (ALMM-I) with 1.30 GW enlisted capacity, which lets it supply government and government-assisted projects. The company works in three verticals: solar PV modules, EPC services and aluminium frames (made by its subsidiary Cosmic Greentech Private Limited). Modules are the core. They made up 84.66% of revenue from operations in Fiscal 2025, mostly sold to original equipment manufacturers and third party EPC companies. It has served 661 customers since inception and is present in 13 states, mainly Gujarat, Rajasthan and Maharashtra. The figures below are from the restated financials in the abridged prospectus. Revenue from operations grew from ₹480.97 million in Fiscal 2023 to ₹999.46 million in Fiscal 2024 and ₹2,451.61 million in Fiscal 2025. Profit after tax rose from ₹18.35 million to ₹65.75 million and then ₹244.39 million. For the six months ended September 30, 2025, revenue was ₹1,816.93 million and profit was ₹128.16 million. Total borrowings stood at ₹1,353.42 million on that date. The company is promoter-led. Jenishkumar Deepakkumar Ghael, Shravan Kumar Gupta, Surabhi Sureshchandra Sahu and Maitry Jenishkumar Ghael are the promoters. The two Non-Executive Director promoters together with the two executive ones hold the bulk of the 69,401,818 equity shares. Other holders include RPV Holdings Private Limited and Chanakya Opportunities Fund I. On the IPO front, the company filed its DRHP with SEBI on April 2, 2026 and the status on IPO Guru is SEBI review completed. The proposed offer has a fresh issue of up to ₹5,400.00 million and an offer for sale of up to ₹1,000.00 million. Systematix Corporate Services Limited and Valmiki Leela Capital Private Limited are the book running lead managers. The IPO date and price band have not been announced. Unlisted shares of a company like this trade off-market through dealers and platforms. The price shown on IPO Guru is only indicative, currently ₹198 per share, and there is no exchange price until listing.