Solarworld Energy Solutions IPO is scheduled to open for subscription on Tuesday, September 23, 2025, and will close on Thursday, September 25, 2025. The allotment of shares is expected on Friday, September 26, 2025, while refunds and credit to investors’ demat accounts are likely on Monday, September 29, 2025. The IPO is expected to list on BSE and NSE on Monday, September 30, 2025.
The IPO is a book-built issue of ₹490 crores, comprising a fresh issue of ₹440 crores and an offer for sale of ₹50 crores. The price band is fixed at ₹333 to ₹351 per share, with a lot size of 42 shares. Retail investors can invest a minimum of ₹14,742 (based on the upper price), while S-HNI and B-HNI investors have lot sizes of 14 lots (588 shares) and 68 lots (2,856 shares), requiring investments of ₹2,06,388 and ₹10,02,456 respectively.
Solarworld Energy Solutions reported a revenue of ₹551.09 crores in FY2025 against ₹482.56 crores in FY2024, with a profit of ₹77.05 crores in FY2025 versus ₹61.32 crores in FY2024. Considering the financial growth and strong business model, long-term investors may consider applying for this IPO.
Overview of Contents
About Solarworld Energy IPO
Solarworld Energy Solutions Limited, incorporated in 2013 and based in New Delhi, is a solar energy solutions company specializing in Engineering, Procurement, and Construction (EPC) services for solar power projects.
The company operates two main business models:
- CAPEX Model: Provides full solar project solutions with ownership remaining with the customer.
- RESCO Model: Customers can adopt solar energy without upfront investment, reducing carbon footprint and saving on costs.
Solarworld Energy partners with ZNSHINE PV-Tech Co. Ltd., a tier-1 solar panel supplier, and serves clients like SJVN Green Energy, Haldiram Snacks, and Samiksha Solarworld Private Limited. The company employs 277 permanent staff and is recognized for strong execution capabilities, asset-light model, experienced management, and financial stability.
Solarworld Energy Solutions IPO Overview
| Particulars | Details |
|---|---|
| Face Value | ₹5 per share |
| Issue Price Band | ₹333 – ₹351 per share |
| Lot Size | 42 Shares |
| Issue Type | Bookbuilding IPO (Fresh Capital-cum-Offer for Sale) |
| Total Issue Size | ₹490 Cr |
| Fresh Issue | ₹440 Cr |
| Offer for Sale | ₹50 Cr |
| Listing Exchange | BSE, NSE |
| Shareholding Pre-Issue | 78.70% Promoters |
| Shareholding Post-Issue | 67.31% Promoters |
Solarworld Energy Solutions IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Solarworld Energy Solutions IPO Dates
| Event | Schedule |
|---|---|
| IPO Subscription Opens | September 23, 2025 |
| IPO Subscription Closes | September 25, 2025 |
| UPI/Payment Cut-off Time | September 25, 2025 – 5 PM |
| Basis of Allotment Finalized | September 26, 2025 |
| Refunds Initiated | September 29, 2025 |
| Shares Credited to Demat Account | September 29, 2025 |
| Expected Listing on Exchange | September 30, 2025 |
Solarworld Energy Solutions IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 42 | ₹14,742 |
| Retail Maximum | 13 | 546 | ₹1,91,646 |
| S-HNI Minimum | 14 | 588 | ₹2,06,388 |
| S-HNI Maximum | 67 | 2,814 | ₹9,87,714 |
| B-HNI Minimum | 68 | 2,856 | ₹10,02,456 |
Solarworld Energy Solutions IPO GMP
- To Be Updated
Solarworld Energy Solutions IPO – Promoter Holding
Promoters include Kartik Teltia, Rishabh Jain, Mangal Chand Teltia, Sushil Kumar Jain, Anita Jain, holding a significant stake pre- and post-IPO.
| Promoter Holding | Percentage |
|---|---|
| Pre-IPO | 78.70% |
| Post-IPO | 67.31% |
Solarworld Energy Solutions IPO Review
- To Be Updated Soon
Solarworld Energy Solutions IPO – Share Reservation
| Investor Category | Shares Offered | % of Total Shares |
|---|---|---|
| QIB | – | 75% |
| Non-Institutional Investors (NII) | – | 15% |
| Retail Investors | – | 10% |
Solarworld Energy Solutions IPO Voluation
| Key Financial Metric | Value |
|---|---|
| Net Asset Value (NAV) | ₹111.50 |
| Earnings Per Share (EPS) | ₹27.82 (Basic) |
| Debt to Equity Ratio | 0.37 |
| Return on Equity (ROE) | 24.93% |
| Return on Net Worth (RoNW) | 24.93% |
| Return on Capital Employed (ROCE) | 29.15% |
| EBITDA Margin | 19.37% |
| PAT Margin | 13.98% |
| Price/Earnings (P/E) Ratio | N/A |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Adani Solar Ltd. | 18.25 | 52.12 | 21.05% | 92.36 | 4,352 Cr |
| Vikram Solar Ltd. | 13.98 | 47.88 | 19.12% | 76.45 | 3,015 Cr |
IPO Lead Managers / Merchant Bankers
- Nuvama Wealth Management Ltd.
- SBI Capital Markets Ltd.
Company Address
Solarworld Energy Solutions Ltd.
501, Padma Palace, 86, Nehru Place, South Delhi, New Delhi, 110019
Phone: 0120 4399946
Email: support@worldsolar.in
Website: worldsolar.in
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: solarworld.ipo@in.mpms.mufg.com
Website: MUFG Intime India
Solarworld Energy Solutions IPO FAQs
What is the Solarworld Energy Solutions IPO size?
The IPO is a book-built issue aggregating up to ₹490 crores, comprising a fresh issue of ₹440 crores and an offer for sale of ₹50 crores.
What is the price band for the IPO?
The price band is fixed between ₹333 to ₹351 per share.
What is the lot size and minimum investment for retail investors?
One lot consists of 42 shares. The minimum retail investment at the upper price band is ₹14,742.
What is the issue type and where will it be listed?
The IPO is a Book Built Issue and will be listed on BSE and NSE.
How has the company performed financially?
The company reported revenue of ₹551.09 crores in FY2025 and a PAT of ₹77.05 crores, reflecting steady growth compared to FY2024.