What is Jupiter International planning with its $300 million IPO?

Jupiter International is planning to raise $300 million through an IPO to fund its transition into a fully integrated solar manufacturer.

When are Jupiter International's draft IPO papers expected to be filed?

The draft papers for Jupiter International's IPO are likely to be filed in May.

What was Jupiter International's reported revenue in FY24?

Jupiter International reported revenue of ₹579 crore for the financial year ending March 31, 2024.

Home / Business and Economy / Jupiter Solar Eyes $300M IPO for Green Energy Push

Jupiter Solar Eyes $300M IPO for Green Energy Push

20 Mar

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Summary

Jupiter International plans a $300 million IPO for solar manufacturing expansion.
The company aims to file draft papers in May for the upcoming public offering.
Jupiter International reported revenues of ₹579 crore in FY24.

Jupiter Solar Eyes $300M IPO for Green Energy Push

Jupiter International, a Kolkata-based solar cell manufacturer, is set to launch a $300 million initial public offering (IPO). The company has appointed IIFL, Axis Capital, Nomura, and ICICI Securities to manage the issuance.

Draft filing papers for the IPO are anticipated in May 2026. The primary goal of this offering is to secure capital for Jupiter International's ambitious expansion plans. This includes becoming a fully integrated solar manufacturer, covering wafers, cells, and modules.

Established in 1978, Jupiter International has been actively scaling its operations. Recent funding rounds include ₹500 crore from ValueQuest's SCALE fund last year and capital from the Edelweiss Group in 2022. For the financial year ending March 31, 2024, the company reported revenue of ₹579 crore.

The IPO supports Jupiter International's strategic vision to reduce import dependency and bolster India's clean energy initiatives. This development occurs amidst a broader surge in investor interest within India's clean energy sector, driven by government policy and technological advancements.

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