JUPITER INTERNATIONAL Unlisted Shares

Jupiter International Ltd. is one of India's pioneering solar cell manufacturers — a company that has reinvented itself across four decades to become a key player in India's renewable energy revolution. Founded in 1978 and originally involved in jute trading and later computer peripherals under the "Frontech" brand, Jupiter International made a strategic pivot to solar photovoltaic technology in 2009. Today, it operates a world-class 1 GW Mono PERC solar cell manufacturing facility in Baddi, Himachal Pradesh. Jupiter International unlisted shares are available through Valowth Capital (ISIN: INE467C01019) — please contact us for the latest price.

What makes Jupiter International a genuinely differentiated solar play is its manufacturing focus. While many Indian solar companies assemble imported cells into modules, Jupiter International manufactures the solar cells themselves — the most technically demanding and highest-value link in the photovoltaic supply chain. Its Mono PERC cells achieve peak efficiencies of up to 23.40%, placing Jupiter among India's best-performing solar cell producers.

The company has also filed a DRHP for an IPO — making this a true pre-IPO opportunity where investors can enter before listing and potentially benefit from the valuation re-rating that a public listing brings.

Why Jupiter International unlisted shares deserve serious investor attention:India has set an ambitious target of 500 GW of non-fossil fuel capacity by 2030, with solar expected to contribute the majority. Achieving this requires domestic manufacturing of solar cells and modules at scale — precisely the capability Jupiter International has been building. The government's Production Linked Incentive (PLI) scheme for solar manufacturing and the Basic Customs Duty (BCD) on imported cells create a protected domestic market that rewards companies like Jupiter with better economics and growth visibility.

Jupiter's expansion into a fully integrated solar manufacturing value chain — covering wafers, cells, and modules — is particularly strategic. Integrated manufacturers have lower costs per watt, better quality control, and higher margins than pure assembly operations. This vertical integration also reduces dependence on imported Chinese components, which has become a national priority.

With European and Middle Eastern technical partnerships supporting its manufacturing processes, Jupiter International brings international expertise to Indian solar manufacturing — a combination that is increasingly valued by both domestic utility-scale buyers and export market customers.

The global solar supply chain is actively diversifying away from China, and India is emerging as the preferred alternative. Jupiter International — with its established cell manufacturing capacity, PLI approvals, and world-class efficiency ratings — is perfectly positioned to capture this global rebalancing.

At Valowth Capital, we provide 100% verified, demat-based transfer of Jupiter International unlisted shares with complete KYC and documentation. Contact us on WhatsApp or through our website for current price and availability.

Tax note: LTCG on unlisted shares held 24+ months = 20% with indexation. STCG taxed per income slab. No STT applicable on unlisted transactions.