1 month ago
Jupiter International Plans 2027 IPO for Expansion
Jupiter International Ltd, a solar cell manufacturer, plans to go public in early 2027 to raise funds for expanding its manufacturing capacity.
The company, which is already profitable, aims to increase its production from 4.5 GW to 7.5 GW by the end of the current financial year.
This expansion includes a new 3 GW facility in Nagpur and a 5 GW ingot and wafer manufacturing plant.
The company is also looking to enter overseas markets, particularly the US.
Despite challenges like the intermittent nature of solar power, the CEO is optimistic about the future due to declining storage costs and the growing competitiveness of solar energy.
Jupiter International Ltd plans to go public in the first quarter of 2027 to fund expansion.
The company aims to increase its manufacturing capacity to 7.5 GW by the end of the current financial year.
A new 3 GW facility is under construction in Nagpur and is expected to be operational by March 2027.
The company is targeting ₹3,200 crore in revenue for the current financial year.
Jupiter International is exploring overseas markets, with a focus on the US.
- Who
- Jupiter International Ltd
- What
- Plans to go public in 2027 to fund expansion
- Where
- Headquartered in an unspecified city, with manufacturing units in Himachal Pradesh, Odisha, and Nagpur
- When
- First quarter of calendar year 2027
- Why
- To expand investor base and fund growth
Expansion Optimism
Market Challenges
Growth Potential
Expansion Optimism
The company is confident in its growth prospects and plans to expand its manufacturing capacity significantly.
Market Challenges
The intermittent nature of solar power and market competition pose challenges.
Key facts
- Company
- Jupiter International Ltd
- CEO
- Dhruv Sharma
- Current Revenue
- ₹975 crore (last financial year)
- Target Revenue
- ₹3,200 crore (current financial year)
- Current Manufacturing Capacity
- 4.5 GW
- Planned Manufacturing Capacity
- 7.5 GW by end of current financial year
- New Facility Location
- Nagpur
- Investment in Expansion
- ₹3,000 crore
Quotes
Dhruv Sharma
CEO of Jupiter International Ltd
“For us, IPO is an important medium for enlarging our base. We have put in place a business plan and there is sufficient managerial and execution capability. We have built credibility, and we are confident, so we feel we are in a position to take retail investors’ money.”
telegraphindia.com
“Solar is not a 24x7 power and storage is the answer. In the next couple of years, as storage costs go down, solar would become more viable and competitive.”
telegraphindia.com
Sources
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