Solarworld Energy Solutions IPO
IPO Listing Details
- Listing Date
30 Sep 2025
- Listing Price
₹389.00
- Listing Change
10.83%
- Last Traded Price
₹271.90
Solarworld Energy Solutions IPO Details
-
Open Date
23 Sep 2025
-
Close Date
25 Sep 2025
-
Listing Date
30 Sep 2025
- IPO Price Range
₹ 333 to ₹351
- IPO Size
₹ 490.00 Cr
- Listing Exchange
BSE NSE
Solarworld Energy Solutions IPO Timeline
Solarworld Energy Solutions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Sep-25 | 0.00 | 1.53 | 4.81 | 1.29 |
| 24-Sep-25 | 0.02 | 5.83 | 14.37 | 4.21 |
| 25-Sep-25 | 74.24 | 68.21 | 51.69 | 68.49 |
Last Updated: 25 September 2025 6:26 PM by 5paisa
Solarworld Energy Solutions Limited, launching a ₹440.00 crores IPO, is a solar EPC service provider, delivering complete engineering, procurement, and construction solutions for solar projects. It operates under two models: the CAPEX model, where customers own the system, and the RESCO model, which enables solar adoption without upfront costs. On May 14, 2024, it partnered with China’s ZNSHINE PV-Tech to set up a solar panel manufacturing facility. Clients include SJVN Green Energy, Haldiram, and Ethnic Foods.
Established in: 2013
Managing Director: Mr. Kartik Teltia
Peers:
| Name of the company | Solarworld Energy Solutions Limited | Sterling and Wilson Renewable Energy Limited | KPI Green Energy Limited | Waaree Renewable Technologies Limited | Gensol Engineering Limited | Oriana Power Limited |
|
Face Value |
5 | 1 | 5 | 2 | 10 | 10 |
| Basic EPS | 10.68 | 3.49 | 16.23 | 22 | NA | 79.52 |
| Diluted EPS | 10.68 | 3.49 | 16.09 | 21.95 | NA | 79.52 |
| Net Worth (in Cr) | 309.06 | 994.52 | 2629.79 | 454.95 | NA | 517.64 |
|
P/E Ratio |
NA | 76.48 | 30.57 | 47.32 | NA | 29.01 |
| RoNW(%) | 40.27 | 8.78 | 18.77 | 65.29 | NA | 47.59 |
| Closing Share Price as on September 1,2025 (₹ per equity share) | NA | 266.90 | 491.95 | 1038.60 | 35.79 | 2,307.00 |
| NAV(₹ per share) | 41.69 | 42.59 | 133.57 | 43.64 | NA | 254.75 |
| Revenue from Operation(₹ in Cr) | 544.77 | 6301.86 | 1735.45 | 1597.75 | NA | 987.17 |
Solarworld Energy Solutions Objectives
1.The company will invest ₹575.30 crores in KSPL to partly finance the Pandhurana Project.
2.The remaining funds will be used for general corporate purposes.
Solarworld Energy Solutions IPO Size
| Types | Size |
|---|---|
| Total IPO Size |
₹490.00 Cr |
| Offer For Sale |
₹50.00 Cr |
| Fresh Issue | ₹440.00 Cr |
Solarworld Energy Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | 13,986 |
| Retail (Max) | 13 | 546 | 1,91,646 |
| S-HNI (Min) | 14 | 588 | 1,95,804 |
| S-HNI (Max) | 67 | 2814 | 9,37,062 |
| B-HNI (Min) | 68 | 2856 | 9,51,048 |
Solarworld Energy Solutions IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 74.24 | 41,88,034 | 31,09,05,126 | 10,912.77 |
| NII (HNI) | 68.21 | 20,94,017 | 14,28,29,820 | 5,013.33 |
| bNII (bids above ₹10L) | 66.45 | 13,96,011 | 9,27,71,532 | 3,256.28 |
| sNII (bids below ₹10L) | 71.72 | 6,98,006 | 5,00,58,288 | 1,757.05 |
| Retail Investors | 51.69 | 13,96,011 | 7,21,54,614 | 2,532.63 |
| Total** | 68.49 | 76,78,062 | 52,58,89,560 | 18,458.72 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 232.46 | 501.02 | 544.77 |
| EBITDA | 22.88 | 71.09 | 106.74 |
| PAT | 14.84 | 51.69 | 77.05 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 120.43 | 155.02 | 598.02 |
| Share Capital | 0.32 | 0.32 | 37.07 |
| Total Borrowings | 64.67 | 61.10 | 114.56 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -7.14 | 7.18 | 53.90 |
| Net Cash Generated From / (used in) investing activities | 3.28 | 19.22 | -273.50 |
| Net Cash Generated From / (used in) financing activities | 6.36 | -10.34 | 210.30 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 2.50 | 16.05 | -9.29 |
Strengths
1. Strong EPC expertise in solar power projects.
2. Offers both CAPEX and RESCO business models.
3. Partnership with tier-1 solar panel supplier.
4. Established client base with reputed companies.
Weaknesses
1. High dependency on solar panel imports.
2. Limited geographic presence outside India.
3. Capital-intensive projects may strain finances.
4. RESCO model revenue may grow slowly.
Opportunities
1. Growing demand for renewable energy solutions.
2. Potential expansion in solar panel manufacturing.
3. Government incentives for solar energy adoption.
4. Collaborations with more corporate clients possible
Threats
1. Intense competition in solar EPC sector.
2. Fluctuating raw material and panel prices.
3. Regulatory changes may affect project viability.
4. Economic slowdown impacting corporate investments.
1. Strong presence in India’s solar EPC market.
2. Partnership with leading tier-1 solar supplier.
3. Diverse business models reduce financial risk.
4. Growing corporate demand for renewable energy solutions.
SolarWorld Energy Solutions operates in India’s rapidly expanding solar energy sector, driven by increasing renewable energy adoption and government incentives. With expertise in EPC projects and both CAPEX and RESCO models, the company is well-positioned to capitalise on growing corporate demand for sustainable energy. Its partnership with a tier-1 solar panel supplier further strengthens manufacturing capabilities, providing significant potential for growth and long-term value creation.
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FAQs
Solarworld Energy Solutions IPO opens from September 23, 2025 to September 25, 2025.
The size of Solarworld Energy Solutions IPO is ₹490.00 Cr.
The price band of Solarworld Energy SolutionsIPO is fixed at ₹333 to ₹351 per share.
To apply for Solarworld Energy SolutionsIPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Solarworld Energy Solutions IPO. 3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Solarworld Energy SolutionsIPO is of 42 shares and the investment required is ₹14,742.
The share allotment date of Solarworld Energy SolutionsIPO is September 26, 2025
The Solarworld Energy Solutions IPO will likely be listed on September 30, 2025.
Nuvama Wealth Management Ltd. is the book running lead manager for Solarworld Energy Solutions IPO.
Solarworld Energy Solutions plans to utilise the raised capital from the IPO for:
1. The company will invest ₹575.30 crores in KSPL to partly finance the Pandhurana Project.
2. The remaining funds will be used for general corporate purposes.
Solarworld Energy Solutions Contact Details
501, Padma Palace, 86,
Nehru Place,
South Delhi,
New Delhi, New Delhi, 110019
Phone: 0120 4399946
Email: support@worldsolar.in
Website: http://www.worldsolar.in/
Solarworld Energy Solutions IPO Register
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: solarworld.ipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Solarworld Energy Solutions IPO Lead Manager
Nuvama Wealth Management Ltd.
SBI Capital Markets Ltd.