Comparison between Solarworld Energy Solutions IPO and VMS TMT IPO.
Solarworld Energy Solutions IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while VMS TMT 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 VMS TMT IPO is up to ₹148.50 Cr. The final issue price of Solarworld Energy Solutions IPO is ₹351.00 per share and of VMS TMT IPO is ₹99.00 per share.
| Solarworld Energy Solutions IPO | VMS TMT IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹333.00 per share | ₹94.00 per share |
| Issue Price (Upper) | ₹351.00 per share | ₹99.00 per share |
| Issue Price (Final) | ₹351.00 per share | ₹99.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 42 shares | 150 shares |
| Fresh Issue Size | 1,25,35,612 shares | 1,50,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹440.00 Cr | up to ₹148.50 Cr |
| OFS Issue Size | 14,24,501 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹50.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,39,60,113 shares | 1,50,00,000 shares |
| Issue Size Total (Amount) | up to ₹490.00 Cr | up to ₹148.50 Cr |
Solarworld Energy Solutions IPO opens on Sep 23, 2025, while VMS TMT IPO opens on Sep 17, 2025. The closing date of Solarworld Energy Solutions IPO and VMS TMT IPO is Sep 25, 2025, and Sep 19, 2025, respectively.
| Solarworld Energy Solutions IPO | VMS TMT IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | Sep 16, 2025 |
| Issue Open | Sep 23, 2025 | Sep 17, 2025 |
| Issue Close | Sep 25, 2025 | Sep 19, 2025 |
| Basis Of Allotment (Tentative) | Sep 26, 2025 | Sep 22, 2025 |
| Initiation of Refunds (Tentative) | Sep 29, 2025 | Sep 23, 2025 |
| Credit of Share (Tentative) | Sep 29, 2025 | Sep 23, 2025 |
| Listing date (Tentative) | Sep 30, 2025 | Sep 24, 2025 |
| Anchor Lockin End date 1 | Oct 25, 2025 | Oct 21, 2025 |
| Anchor Lockin End date 2 | Dec 24, 2025 | Dec 20, 2025 |
Solarworld Energy Solutions IPO P/E ratio is 33.77, as compared to VMS TMT IPO P/E ratio of 22.24.
| Solarworld Energy Solutions IPO | VMS TMT 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)VMS TMT Ltd.'s revenue decreased by 12% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 78.7 | 96.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.67 | 67.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 33.77 | 22.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3042.21 Cr. | ₹491.35 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 40.27% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 54.53% | 12.79% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.37 | 3.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.39 | ₹4.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.27% | 20.14% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Solarworld Energy Solutions IPO Retail Individual Investors (RII) are offered 13,96,011 shares while in VMS TMT 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 18,00,000 shares in VMS TMT IPO.
| Solarworld Energy Solutions IPO | VMS TMT IPO | |
|---|---|---|
| Anchor Investor Reservation | 62,82,051 shares | 27,00,000 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 41,88,035 shares | 18,00,000 shares |
| NII | 20,94,016 shares | 30,00,000 shares |
| RII | 13,96,011 shares | 75,00,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 1,39,60,113 shares | 1,50,00,000 shares |
Solarworld Energy Solutions IPO subscribed 68.49x in total, whereas VMS TMT IPO subscribed 102.24x.
| Solarworld Energy Solutions IPO | VMS TMT IPO | |
|---|---|---|
| QIB (times) | 74.24x | 120.80x |
| NII (times) | 68.21x | 227.08x |
| Big NII (times) | 66.45x | 243.91x |
| Small NII (times) | 71.72x | 193.46x |
| RII (times) | 51.69x | 47.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 68.49x | 102.24x |
