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Solarworld Energy Solutions Ltd. IPO is a book build issue of ₹490.00 crores. The issue is a combination of fresh issue of 1.25 crore shares aggregating to ₹440.00 crores and offer for sale of 0.14 crore shares aggregating to ₹50.00 crores.
Solarworld Energy Solutions IPO bidding started from Sep 23, 2025 and ended on Sep 25, 2025. The allotment for Solarworld Energy Solutions IPO was finalized on Sep 26, 2025. The shares got listed on BSE, NSE on Sep 30, 2025.
Solarworld Energy Solutions IPO price band is set at ₹351.00 per share . The lot size for an application is 42. The minimum amount of investment required by an retail is ₹14,742 (42 shares) (based on upper price). The lot size investment for sNII is 14 lots (588 shares), amounting to ₹2,06,388, and for bNII, it is 68 lots (2,856 shares), amounting to ₹10,02,456.
Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Solarworld Energy Solutions IPO RHP for detailed Information.
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | September 30, 2025 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹333 to ₹351 per share |
| Issue Price Final | ₹351 per share |
| Lot Size | 42 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,39,60,113 shares (aggregating up to ₹490.00 Cr) |
| Fresh Issue | 1,25,35,612 shares (aggregating up to ₹440.00 Cr) |
| Offer for Sale | 14,24,501 shares of ₹5 (aggregating up to ₹50.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,41,37,042 shares |
| Share Holding Post Issue | 8,66,72,654 shares |
Solarworld Energy Solutions IPO offers total 1,39,60,113 shares. Out of which 1,04,70,086 (75.00%) allocated to QIB, 41,88,035 (30.00%) allocated to QIB (Ex- Anchor), 20,94,016 (15.00%) allocated to NII 13,96,011 (10.00%) allocated to RII and 62,82,051 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,04,70,086 (75.00%) | NA |
| − Anchor Investor Shares Offered | 62,82,051 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 41,88,035 (30.00%) | NA |
| NII (HNI) Shares Offered | 20,94,016 (15.00%) | NA |
| − bNII > ₹10L | 13,96,011 (10.00%) | 2,374 |
| − sNII < ₹10L | 6,98,005 (5.00%) | 1,187 |
| Retail Shares Offered | 13,96,011 (10.00%) | 33,238 |
| Total Shares Offered | 1,39,60,113 (100.00%) |
Solarworld Energy Solutions IPO raises ₹220.50 crore from anchor investors. Solarworld Energy Solutions IPO Anchor bid date is September 22, 2025. Solarworld Energy Solutions IPO Anchor Investors list
| Bid Date | September 22, 2025 |
| Shares Offered | 62,82,051 |
| Anchor Portion Size (In Cr.) | 220.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 24, 2025 |
Solarworld Energy Solutions IPO opens on September 23, 2025, and closes on September 25, 2025.
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Thu, Sep 25, 2025 |
| Tentative Allotment | Fri, Sep 26, 2025 |
| Initiation of Refunds | Mon, Sep 29, 2025 |
| Credit of Shares to Demat | Mon, Sep 29, 2025 |
| Tentative Listing Date | Tue, Sep 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
Investors can bid for a minimum of 42 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,742 |
| Retail (Max) | 13 | 546 | ₹1,91,646 |
| S-HNI (Min) | 14 | 588 | ₹2,06,388 |
| S-HNI (Max) | 67 | 2,814 | ₹9,87,714 |
| B-HNI (Min) | 68 | 2,856 | ₹10,02,456 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Business Models:
The company offers solar solutions through two models:
On May 14, 2024, SolarWorld Energy Solutions Limited entered into an equity cooperation agreement with ZNSHINE PV-Tech Co. Ltd., a Bloomberg NEF tier-1 solar panel supplier from China. This partnership aims to establish a solar panel manufacturing facility.
The company's customer base includes SJVN Green Energy Limited, Haldiram Snacks Private Limited, Ethnic Food Manufacturing Private Limited, and Samiksha Solarworld Private Limited.
As of July 31, 2025, the company had 277 employees.
Competitive Strengths:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 598.02 | 155.02 | 120.43 |
| Total Income | 551.09 | 505.50 | 235.05 |
| Profit After Tax | 77.05 | 51.69 | 14.84 |
| EBITDA | 106.75 | 71.09 | 22.88 |
| NET Worth | 309.07 | 73.60 | 21.91 |
| Reserves and Surplus | 272.00 | 73.28 | 21.59 |
| Total Borrowing | 114.55 | 61.10 | 64.67 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 40.27% |
| ROCE | 54.53% |
| Debt/Equity | 0.37 |
| RoNW | 40.27% |
| PAT Margin | 14.14% |
| EBITDA Margin | 19.60% |
| Market Capitalization | 3042.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.39 | 8.89 |
| P/E (x) | 33.77 | 39.48 |
The Company Solarworld Energy Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Investment in the Subsidiary, KSPL for partfinancing the establishment of the Pandhurana Project | 575.30 |
| 2 | General corporate purposes | 101.68 |
[Dilip Davda] SESL is engaged in providing solar energy solutions and specializes in EPC services for solar power projects. It posted growth in its top and bottom lines for the reported periods. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the IPO appears fully priced. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | September 30, 2025 |
| BSE Script Code | 544532 |
| NSE Symbol | SOLARWORLD |
| ISIN | INE0TY101024 |
| Final Issue Price | ₹351 per share |
| NSE Listing Group | EQ (Rolling) |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹351.00 | ₹351.00 |
| Open | ₹389.00 | ₹388.50 |
| Low | ₹320.50 | ₹320.50 |
| High | ₹389.00 | ₹388.50 |
| Last Trade | ₹323.20 | ₹323.50 |
Solarworld Energy Solutions Ltd.
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/
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 is a main-board IPO of 1,39,60,113 equity shares of the face value of ₹5 aggregating up to ₹490.00 Crores. The issue is priced at ₹351 per share. The minimum order quantity is 42.
The IPO opens on September 23, 2025, and closes on September 25, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Solarworld Energy Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Solarworld Energy Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Solarworld Energy Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Solarworld Energy Solutions IPO opens on September 23, 2025 and closes on September 25, 2025.
Solarworld Energy Solutions IPO lot size is 42, and the minimum amount required for application is ₹14,742.
You can apply in Solarworld Energy Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Solarworld Energy Solutions IPO will be done on Friday, September 26, 2025, and the allotted shares will be credited to your demat account by Monday, September 29, 2025. Check the Solarworld Energy Solutions IPO allotment status.
The Solarworld Energy Solutions IPO listing date is on Tuesday, September 30, 2025.
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