Comparison between Solarworld Energy Solutions IPO and Vikram Solar IPO.
Solarworld Energy Solutions IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vikram Solar IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Solarworld Energy Solutions IPO is up to ₹490.00 Cr whereas the issue size of the Vikram Solar IPO is up to ₹2,079.37 Cr. The final issue price of Solarworld Energy Solutions IPO is ₹351.00 per share and of Vikram Solar IPO is ₹332.00 per share.
| Solarworld Energy Solutions IPO | Vikram Solar IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹333.00 per share | ₹315.00 per share |
| Issue Price (Upper) | ₹351.00 per share | ₹332.00 per share |
| Issue Price (Final) | ₹351.00 per share | ₹332.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 42 shares | 45 shares |
| Fresh Issue Size | 1,25,35,612 shares | 4,51,80,722 shares |
| Fresh Issue Size (Amount) | up to ₹440.00 Cr | up to ₹1,500.00 Cr |
| OFS Issue Size | 14,24,501 shares | 1,74,50,882 shares |
| OFS Issue Size (Amount) | up to ₹50.00 Cr | up to ₹579.37 Cr |
| Issue Size Total | 1,39,60,113 shares | 6,26,31,604 shares |
| Issue Size Total (Amount) | up to ₹490.00 Cr | up to ₹2,079.37 Cr |
Solarworld Energy Solutions IPO opens on Sep 23, 2025, while Vikram Solar IPO opens on Aug 19, 2025. The closing date of Solarworld Energy Solutions IPO and Vikram Solar IPO is Sep 25, 2025, and Aug 21, 2025, respectively.
| Solarworld Energy Solutions IPO | Vikram Solar IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | Aug 18, 2025 |
| Issue Open | Sep 23, 2025 | Aug 19, 2025 |
| Issue Close | Sep 25, 2025 | Aug 21, 2025 |
| Basis Of Allotment (Tentative) | Sep 26, 2025 | Aug 22, 2025 |
| Initiation of Refunds (Tentative) | Sep 29, 2025 | Aug 25, 2025 |
| Credit of Share (Tentative) | Sep 29, 2025 | Aug 25, 2025 |
| Listing date (Tentative) | Sep 30, 2025 | Aug 26, 2025 |
| Anchor Lockin End date 1 | Oct 25, 2025 | Sep 20, 2025 |
| Anchor Lockin End date 2 | Dec 24, 2025 | Nov 19, 2025 |
Solarworld Energy Solutions IPO P/E ratio is 33.77, as compared to Vikram Solar IPO P/E ratio of 75.16.
| Solarworld Energy Solutions IPO | Vikram Solar IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)Solarworld Energy Solutions Ltd.'s revenue increased by 9% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Vikram Solar Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 75% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 78.7 | 77.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.67 | 63.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 33.77 | 75.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3042.21 Cr. | ₹12009.01 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 40.27% | 16.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 54.53% | 24.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.37 | 0.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.39 | ₹4.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.27% | 11.26% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Solarworld Energy Solutions IPO Retail Individual Investors (RII) are offered 13,96,011 shares while in Vikram Solar IPO retail investors are offered 13,96,011 shares. Qualified Institutional Buyers (QIB) are offered 41,88,035 shares in Solarworld Energy Solutions IPO and 1,24,66,080 shares in Vikram Solar IPO.
| Solarworld Energy Solutions IPO | Vikram Solar IPO | |
|---|---|---|
| Anchor Investor Reservation | 62,82,051 shares | 1,86,99,120 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 41,88,035 shares | 1,24,66,080 shares |
| NII | 20,94,016 shares | 93,49,560 shares |
| RII | 13,96,011 shares | 2,18,15,640 shares |
| Employee | 0 shares | 3,01,204 shares |
| Others | ||
| Total | 1,39,60,113 shares | 6,26,31,604 shares |
Solarworld Energy Solutions IPO subscribed 68.49x in total, whereas Vikram Solar IPO subscribed 56.42x.
| Solarworld Energy Solutions IPO | Vikram Solar IPO | |
|---|---|---|
| QIB (times) | 74.24x | 145.10x |
| NII (times) | 68.21x | 52.87x |
| Big NII (times) | 66.45x | 59.58x |
| Small NII (times) | 71.72x | 39.46x |
| RII (times) | 51.69x | 7.98x |
| Employee (times) | 5.10x | |
| Other (times) | ||
| Total (times) | 68.49x | 56.42x |
