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Cosmic PV Power Ltd, an India-based solar PV module manufacturer, has received SEBI’s approval for its proposed INR 640 crore (~ $66.93 million) IPO. The company received the regulator’s final observations on September 2, 2026. The IPO comprises an INR 540 crore fresh issue and an INR 100 crore offer-for-sale by existing shareholders. Fresh issue proceeds will primarily fund a greenfield solar PV module manufacturing facility in Narmadapuram, Madhya Pradesh. Cosmic PV Power operates across module manufacturing, EPC services and aluminium frame manufacturing. It had an ALMM-I enlisted capacity of 1.30 GW as of September 30, 2025.
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