Bookbuilding IPO | ₹490 Cr | Listed at BSE, NSE | Tue, Sep 23, 2025 - Thu, Sep 25, 2025
Solarworld Energy Solutions 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 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 Open
Tue, Sep 23, 2025
IPO Close
Thu, Sep 25, 2025
Issue Price
₹351 per share
Market Cap (Pre-IPO)
₹3,042.21 Cr
| IPO Date | 23 to 25 Sep, 2025 |
| Listed on | Tue, Sep 30, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹333 to ₹351 |
| Issue Price | ₹351 per share |
| Lot Size | 42 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,39,60,113 shares (agg. up to ₹490 Cr) |
| Fresh Issue | 1,25,35,612 shares (agg. up to ₹440 Cr) |
| Offer for Sale | 14,24,501 shares of ₹5 (agg. up to ₹50 Cr) |
| Share Holding Pre Issue | 7,41,37,042 shares |
| Share Holding Post Issue | 8,66,72,654 shares |
| BSE Script Code / NSE Symbol | 544532 / SOLARWORLD |
| ISIN | INE0TY101024 |
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 | Max 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%) |
Investors can bid for a minimum of 42 shares and in multiples thereof.
| 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 |
Solarworld Energy Solutions IPO raises ₹220.50 crore from anchor investors. Solarworld Energy Solutions IPO Anchor bid date is September 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 22, 2025 |
| Shares Offered | 62,82,051 |
| Anchor Portion (₹ Cr.) | 220.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 24, 2025 |
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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in the Subsidiary, KSPL for partfinancing the establishment of the Pandhurana Project | 420.00 |
| 2 | General corporate purposes | 101.68 |
| Total | 521.68 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 40.27% |
| ROCE | 54.53% |
| Debt/Equity | 0.37 |
| RoNW | 40.27% |
| PAT Margin | 14.14% |
| EBITDA Margin | 19.60% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.39 | 8.89 |
| P/E (x) | 33.77 | 39.48 |
| Promoter Holding | 78.7% | 65.67% |
| Market Cap | ₹3,042.21 Cr. |
The Solarworld Energy Solutions IPO is subscribed 68.49 times on September 25, 2025 5:00:02 PM (Day 3). The public issue subscribed 51.69 times in the retail category, 74.24 times in the QIB category, and 68.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 74.24 | 41,88,034 | 31,09,05,126 |
| NII | 68.21 | 20,94,017 | 14,28,29,820 |
| bNII (bids above ₹10L) | 66.45 | 13,96,011 | 9,27,71,532 |
| sNII (bids below ₹10L) | 71.72 | 6,98,006 | 5,00,58,288 |
| Retail | 51.69 | 13,96,011 | 7,21,54,614 |
| Total | 68.49 | 76,78,062 | 52,58,89,560 |
Total Application : 16,32,063
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | 16.20 |
| 2 | Commission and processing fees for SCSBs and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.89 |
| 3 | Fees payable to the Registrar to the Offer | 0.24 |
| 4 | Listing fees, SEBI filing fees, book building software fees, NSDL and CDSL fee and other regulatory expenses | 3.72 |
| 5 | Printing and stationery expenses | 0.82 |
| 6 | Fees payable to the Statutory Auditors, industry service provider, Practising Company Secretary and others | 1.54 |
| 7 | Advertising and marketing expenses for the Offer | 3.78 |
| 8 | Fees payable to the legal counsels to the Offer | 3.11 |
| 9 | Miscellaneous | 1.25 |
| 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 |
Lead Manager Reports
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 Crores. The issue is priced at ₹351 per share. The minimum order quantity is 42.
The IPO opens on Tue, Sep 23, 2025, and closes on Thu, Sep 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 Tue, Sep 23, 2025 and closes on Thu, Sep 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 Mon, Sep 29, 2025. Check the Solarworld Energy Solutions IPO allotment status.
The Solarworld Energy Solutions IPO listing date is on Tue, Sep 30, 2025.
