MoneyWorks4Me

Cosmic PV Power gets SEBI’s nod to raise Rs 640 crore through IPO

03 Sep 2026 Evaluate

Cosmic PV Power has received the Securities and Exchange Board of India’s (SEBI) approval to raise Rs 640 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 540 crore and an offer-for-sale (OFS) of up to Rs 100 crore by existing shareholders, taking the total issue size to Rs 640 crore.

Proceeds from the fresh issue will be used primarily to set up a greenfield solar PV module manufacturing facility in Narmadapuram, Madhya Pradesh, besides meeting general corporate requirements. Systematix Corporate Services and Valmiki Leela Capital are the book-running lead managers to the issue. 

Cosmic PV Power manufactures solar photovoltaic (PV) modules. The company operates across three verticals -- solar PV module manufacturing, engineering, procurement and construction (EPC) services and aluminium frame manufacturing.


Peers
Company Name CMP
Apar Industries 17412.20
Havells India 1156.00
Suzlon Energy 45.38
Siemens 3976.00
ABB India 7419.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: