Solarworld Energy Solutions IPO

₹13,986/42 shares

Minimum Investment

IPO Details

Open Date

23 Sep 25

Close Date

25 Sep 25

Minimum Investment

₹13,986

Lot Size

Price Range

₹333 to ₹351

Listing Exchange

NSE, BSE

Issue Size

₹490 Cr

Listing Date

30 Sep 25

Open Free Demat Account

Solarworld Energy Solutions IPO Timeline

Bidding Start

23 Sep 25

Bidding Ends

25 Sep 25

Allotment Finalisation

26 Sep 25

Refund Initiation

29 Sep 25

Demat Transfer

29 Sep 25

Listing

30 Sep 25

Solarworld Energy Solutions Limited

Incorporated in 2013, SolarWorld Energy Solutions Limited provides comprehensive solar energy solutions, specialising in engineering, procurement, and construction (EPC) services. It operates through two models: the CAPEX model, offering end-to-end project solutions with customer-owned assets, and the RESCO model, allowing businesses to adopt solar power without upfront investment, reducing carbon footprint. In May 2024, the company partnered with ZNSHINE PV-Tech Co. Ltd. to establish a solar panel manufacturing facility. Its client base includes SJVN Green Energy, Haldiram Snacks, Ethnic Food Manufacturing, and Samiksha Solarworld.

Solarworld Energy Solutions Limited IPO Overview

Solarworld Energy Solutions IPO is a book-built issue worth ₹490 crore, comprising a fresh issue of 1.25 crore shares totaling ₹440 crore and an offer for sale of 0.14 crore shares worth ₹50 crore. The IPO opens for subscription on 23 September 2025 and closes on 25 September 2025, with allotment expected on 26 September 2025. Shares are tentatively scheduled to list on BSE and NSE on 30 September 2025. The price band is ₹333 to ₹351 per share, with a lot size of 42 shares. Retail investors require a minimum investment of ₹14,742, sNII 14 lots (₹2,06,388), and bNII 68 lots (₹10,02,456). Nuvama Wealth Management Ltd. is the lead manager and MUFG Intime India Pvt. Ltd. is the registrar.

Solarworld Energy Solutions Limited IPO Details

Particulars	Details
IPO Date	23 September 2025 to 25 September 2025
Listing Date	30 September 2025 (tentative)
Face Value	₹5 per share
Issue Price Band	₹333 to ₹351 per share
Lot Size	42 shares
Total Issue Size	1,39,60,113 shares (₹490 Cr)
Fresh Issue	1,25,35,612 shares (₹440 Cr)
Offer for Sale	14,24,501 shares (₹50 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 Reservation

Investor Category	Shares Offered
QIB	Not less than 75% of the Offer
Retail	Not more than 10% of the Issue
NII (HNI)	Not more than 15% of the Issue

Solarworld Energy Solutions IPO Lot Size

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 Promoter Holding

Shareholding Status	Percentage
Pre-Issue	78.70%
Post-Issue	[To be updated]

Solarworld Energy Solutions IPO Valuation Overview

KPI	Value
EPS (Pre IPO)	₹10.39
EPS (Post IPO)	₹8.89
P/E Ratio (Pre IPO)	33.77
P/E Ratio (Post IPO)	39.48
ROE	40.27%
ROCE	54.53%
Debt/Equity	0.37
RoNW	40.27%
PAT Margin	14.14%
EBITDA Margin	19.60%

Objectives of the Proceeds

Investment in subsidiary KSPL for Pandhurana Project part-financing: ₹575.30 Cr

General corporate purposes to support business operations and expansion

Key Financials (₹ Crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	598.02	155.02	120.43
Revenue	551.09	505.50	235.05
Profit After Tax	77.05	51.69	14.84
Reserves and Surplus	272.00	73.28	21.59
Total Borrowings	114.55	61.10	64.67

SWOT Analysis of Solarworld Energy Solutions IPO

Strength and Opportunities

Established track record in end-to-end solar EPC solutions with strong execution.
Asset-light business model enables strong financial performance and scalability.
Long-term relationships with reputed clients ensure repeat business and order visibility.
Experienced management and skilled personnel with deep industry expertise drive operational efficiency.

Risks and Threats

Highly competitive solar EPC market may pressure margins and growth.
Dependence on government policies and incentives could impact project viability.
Volatility in solar panel prices may affect project costs and profitability.
Expansion into new geographies may face regulatory and operational hurdles.

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About Solarworld Energy Solutions Limited

Solarworld Energy Solutions IPO Strengths

Strong execution capabilities for end-to-end solar EPC solutions across multiple industries.

Asset-light business model drives revenue growth and robust financial performance.

Reliable customer relationships ensure repeat projects and steady order inflow.

Experienced management team with industry expertise drives operational efficiency.

Strategic partnerships, like with ZNSHINE PV-Tech, support technological and manufacturing growth.

Peer Group Comparison (As on March 31, 2025)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹)	P/E (x)	RoNW (%)	P/BV Ratio
Solarworld Energy Solutions	10.68	10.68	41.69	—	40.27	—
Peer Group
Sterling and Wilson Renewable Energy	3.49	3.49	42.59	76.48	8.78	6.33
Kpi Green Energy	16.23	16.09	133.57	30.57	18.77	3.69
Waaree Renewable Technologies	22.00	21.95	43.64	47.32	65.29	24.14
Oriana Power	79.52	79.52	254.75	29.01	47.59	9.08

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3Enter Number of Lots and your Price.

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5Complete Transaction on Your UPI App