Sebi approves 3 IPOs of Cosmic PV, Monomark, RKB Global along with NSE

Sebi has cleared three IPOs of Cosmic PV Power, Monomark Engineering and RKB Global, along with the long-awaited public offer plan of the National Stock Exchange. Sebi's issuance of observations is a key regulatory step that allows a company to move ahead with its public issue process.

Cosmic PV Power IPO

Cosmic PV Power has received Sebi observations for its proposed Rs 640 crore IPO. The company had filed its draft papers with the regulator in March this year. The issue comprises a fresh issue of shares worth up to Rs 540 crore and an offer for sale of up to Rs 100 crore by selling shareholders. The company plans to use the fresh issue proceeds mainly for setting up a planned manufacturing facility in Narmadapuram, Madhya Pradesh, and for general corporate purposes.


Cosmic PV Power manufactures solar photovoltaic modules and is among the fastest-growing solar PV module makers in India, based on revenue CAGR of 125.8% between FY23 and FY25, according to the Care Report cited by the company. It operates across three verticals: solar PV module manufacturing, EPC services and aluminium frame manufacturing.

Also Read: Mega NSE IPO coming as Sebi approves Rs 30,000 crore public offer


The company is also certified under the Ministry of New and Renewable Energy’s Approved List of Module Manufacturers List-I, with an enlisted capacity of 1.30 GW as of September 30, 2025. This allows it to supply solar modules for government and government-assisted renewable energy projects where ALMM-I sourcing is required.

Monomark Engineering IPO

Monomark Engineering has also received Sebi clearance for its proposed public issue. The IPO will be a fresh issue of 2.7 crore shares.

Monomark Engineering is engaged in industrial operations and maintenance services, metal fabrication solutions and industrial project execution. It serves industrial and infrastructure clients across sectors such as metals, cement, ports, engineering and original equipment manufacturers.

RKB Global IPO

RKB Global has also received Sebi observations for its IPO. The proposed offer comprises up to 1.46 crore equity shares of face value Rs 10 each. This includes a fresh issue of up to 1.26 crore shares and an offer for sale of up to 20.2 lakh shares by selling shareholders.

The latest approvals come at a time when India’s IPO market is seeing a sharp revival after a slow first half of 2026. The second half has seen issuers returning to the market as investor sentiment improved and recent listings delivered stronger returns.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)