Solarworld Energy Solutions IPO
Open MainLineCurrent GMP
₹40 (+11.40%)
Price Band
₹ 333 – 351
Lot Size
42
Issue Size
₹490 Cr
Minimum Investment
₹14742 (42 Shares)
Listing Date
30 September 2025
Subscription
65.01x
About the Company
SolarWorld Energy Solutions Limited
Incorporated in 2013, SolarWorld Energy Solutions Limited is a solar energy solutions provider specializing in engineering, procurement, and construction (EPC) services for solar power projects across India.
Business Models:
The company delivers solar solutions through two primary models:
- Capital Expenditure (CAPEX) Model:
- Offers end-to-end solutions including design, installation, setup, and commissioning.
- The project ownership remains with the customer.
- Renewable Energy Service Company (RESCO) Model:
- Enables customers to adopt solar power without upfront investment.
- Supports businesses in reducing their carbon footprint with minimal financial burden.
Strategic Partnership:
On May 14, 2024, the company entered into an equity cooperation agreement with ZNSHINE PV-Tech Co. Ltd., a Bloomberg NEF Tier-1 solar panel supplier from China. This partnership is focused on establishing a solar panel manufacturing facility, strengthening SolarWorld’s position in the renewable energy value chain.
Clientele:
The company’s customer portfolio includes SJVN Green Energy Limited, Haldiram Snacks Private Limited, Ethnic Food Manufacturing Private Limited, and Samiksha Solarworld Private Limited.
Workforce:
As of July 31, 2025, the company employed 277 people across its operations.
Promoters
- Kartik Teltia
- Rishabh Jain
- Mangal Chand Teltia
- Sushil Kumar Jain
- Anita Jain
Promoters Holding
Holding Pre Issue
78.70%
Holding Post Issue
0.00%
Objects of the Issue
The Company Solarworld Energy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Investment in our Subsidiary, Kartik Solarworld Private Limited for partfinancing the establishment of a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh, India
- General corporate purposes
Address / Contact Info
Solarworld Energy Solutions Ltd.
501, Padma Palace, 86,
Nehru Place, South Delhi,
New Delhi
New Delhi, New Delhi, 110019
Phone: 0120 4399946
Email: support@worldsolar.in
Website: http://www.worldsolar.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 23 September 2025
IPO Close Date
Thursday, 25 September 2025
Basis of Allotment
Friday, 26 September 2025
Initiation of Refunds
Monday, 29 September 2025
Credit of Shares to Demat
Monday, 29 September 2025
Listing Date
Tuesday, 30 September 2025 — NSE & BSE
Important Dates
Open Date
23 September 2025
Close Date
25 September 2025
Basis Of Allotment
26 September 2025
Listing Date
30 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 598.02 | 155.02 | 120.43 |
| Revenue | 551.09 | 505.5 | 235.05 |
| Profit After Tax | 77.05 | 51.69 | 14.84 |
| Net Worth | 309.07 | 73.6 | 21.91 |
| Reserve & Surplus | 272 | 73.28 | 21.59 |
| Total Borrowings | 114.55 | 61.1 | 64.67 |
EPS Pre
10.39%
EPS Post
8.89%
P/E Pre
33.77
P/E (Post Issue)
39.48x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 40.27 | 108.25 | 102.4 |
| ROCE % | 54.53 | 86.57 | 38.78 |
| Debt / Equity | 0.37 | 0.83 | 2.95 |
| RoNW % | 40.27 | 108.25 | 102.4 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 14.14 | 10.32 | 6.38 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 4414414 | 54.55 | 0 |
| Non-Institutional | 2207207 | 27.27 | 0 |
| BNII | 1471472 | 18.18 | 0 |
| SNII | 735735 | 9.09 | 0 |
| Retail Investors | 1471471 | 18.18 | 0 |
| Total | 8093092 | 100 | 0 |
Subscription Status ( Thu, 25 Sep 25 01:55 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 4414414 | 310905126 | 70.43x |
| Non-Institutional | 2207207 | 142864596 | 64.73x |
| BNII | 1471472 | 92771532 | 63.05x |
| SNII | 735735 | 50093064 | 68.09x |
| Retail Investors | 1471471 | 72326184 | 49.15x |
| Total | 8093092 | 526095906 | 65.01x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 42 | 14,742.00 |
| Retail (Max) | 13 | 546 | 191,646.00 |
| S-HNI (Min) | 14 | 588 | 206,388.00 |
| S-HNI (Max) | 67 | 2,814 | 987,714.00 |
| B-HNI (Min) | 68 | 2,856 | 1,002,456.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Solarworld Energy Solutions IPO is a Book-building IPO worth ₹490 crores. The price band is ₹333 to 351 per share. The IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Solarworld Energy Solutions IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025
Solarworld Energy Solutions IPO Price Band is ₹333 to 351.
Solarworld Energy Solutions IPO lot size is 42, and the minimum amount required for application is ₹14742.
The minimum investment for Solarworld Energy Solutions IPO is approximately ₹14742 based on the upper price band.
To apply for the Solarworld Energy Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 25, 2025. After submission, funds are blocked until the basis of allotment of Solarworld Energy Solutions IPO is finalised.
Solarworld Energy Solutions IPO issue size is ₹490 crores.
Solarworld Energy Solutions IPO allotment date is Sat, Jun 27, 2026.
The registrar for Solarworld Energy Solutions IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Solarworld Energy Solutions IPO through their official website or helpline.
The Solarworld Energy Solutions IPO GMP (Grey Market Premium) is ₹40 as of Tue, Sep 30, 2025. Based on the upper price band of ₹351 per share, the estimated Solarworld Energy Solutions IPO listing price is ₹391, indicating a potential listing gain of approximately 31% over the issue price.