Solarworld Energy IPO Description – Founded in 2013, Solarworld Energy Solutions specializes in engineering, procurement, and construction (EPC) services for solar power projects. The company provides complete and cost-effective solar power installation solutions customized for public sector undertakings (PSUs) and commercial, and industrial clients. Solarworld had completed projects totaling 253.67 MW AC/336.17 MW DC and had ongoing projects with a cumulative capacity of 420 MW AC/592 MW DC as of 31 August 2024.
Solarworld uses both the capital expenditure (CAPEX) model and the renewable energy service company (RESCO) model to provide solar energy solutions, also offering operations and maintenance (O&M) services. Solarworld is currently developing 700 MW of solar projects and has a target of achieving 5 GW by 2028. As of 31 August 2024, Solarworld had an order book valued at INR 799.7 crore.
Promoters of Solarworld Energy Solutions – Kartik Teltia, Rishabh Jain, Mangal Chand Teltia, Sushil Kumar Jain, Anita Jain, Pioneer Facor IT Infra developers Private Limited, Pioneer Securities Private Limited, and Pioneer Fincap Private Limited
Table of Contents
Solarworld Energy Solutions IPO Details
| Solarworld Energy IPO Dates | 23 – 25 September 2025 |
| Solarworld Energy Issue Price | INR 333 – 351 per share |
| Fresh issue | 1,25,35,613 shares (INR 417.44 – 440 crore) |
| Offer For Sale | 14,24,501 shares (INR 47.44 – 50 crore) |
| Total IPO size | 1,39,60,114 shares (INR 464.88 – 490 crore) |
| Minimum bid (lot size) | 42 shares (INR 14,742) |
| Face Value | INR 5 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Solarworld Energy Financial Performance
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 27.79 | 232.46 | 501.02 | 544.77 |
| Expenses | 36.46 | 217.13 | 439.37 | 441.98 |
| Net income | 2.20 | 14.84 | 51.69 | 77.05 |
| Margin (%) | 7.92 | 6.38 | 10.32 | 14.14 |
Solarworld Energy Offer News
- Solarworld Energy RHP
- Solarworld Energy DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Solarworld Energy Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 0.34 | 2.30 | 8.00 | 10.68 | 8.89 |
| PE Ratio | – | – | – | 31.18 – 32.87 | 37.45 – 39.48 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 29.48 | 102.40 | 108.25 | 40.27 |
| NAV | 1.09 | 3.39 | 11.39 | 41.69 |
| ROCE (%) | 17.39 | 38.78 | 86.57 | 54.53 |
| EBITDA (%) | 10.60 | 9.84 | 14.19 | 19.60 |
| Debt/Equity | 7.42 | 2.95 | 0.83 | 0.37 |
Solarworld Energy IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| 29 September 2025 | 38 | 1,600 |
| 27 September 2025 | 45 | 1,300 |
| 26 September 2025 | 53 | 1,700 |
| 25 September 2025 | 58 | 1,800 |
| 24 September 2025 | 65 | 2,100 |
| 23 September 2025 | 65 | 2,100 |
| 22 September 2025 | 63 | 2,000 |
| 20 September 2025 | 33 | 1,100 |
Solarworld Energy IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in its subsidiary, Kartik Solarworld (“KSPL”) for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh, India (the “Pandhurana Project”) – INR 420 crore
- General corporate purposes
Solarworld Energy IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 44,14,414 | 22,07,207 | 14,71,471 | 80,93,092 |
| 25 Sep 2025 | 70.43 | 64.73 | 49.15 | 65.01 |
| 24 Sep 2025 | 0.02 | 5.53 | 13.64 | 4.00 |
| 23 Sep 2025 | 0.00 | 1.45 | 4.57 | 1.23 |
62,82,051 shares allotted to anchor investors are not included in these calculations.
Solarworld Energy – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Solarworld Energy | 39.48 | 8.89 | 108.25 | 11.39 | 544.77 |
| Sterling & Wilson Renewable | NA | (10.39) | (58.99) | 40.95 | 3,035.37 |
| KPI Green Energy | 31.88 | 28.17 | 29.56 | 138.63 | 1,023.90 |
| Waaree Renewable | 135.82 | 14.21 | 93.39 | 22.28 | 876.44 |
Solarworld Energy IPO Allotment Status
Solarworld Energy IPO allotment status is now available on MUFG Intime’s website. Click on this link to get allotment status.
Solarworld Energy IPO Dates & Listing Performance
| IPO Opening Date | 23 September 2025 |
| IPO Closing Date | 25 September 2025 |
| Finalization of Basis of Allotment | 26 September 2025 |
| Initiation of refunds | 29 September 2025 |
| Transfer of shares to demat accounts | 29 September 2025 |
| Solarworld Energy IPO Listing Date | 30 September 2025 |
| Opening Price on NSE | INR 388.50 per share (up 10.68%) |
| Closing Price on NSE | INR 323.25 per share (down 7.91%) |
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Solarworld Energy Offer Lead Manager
NUVAMA WEALTH MANAGEMENT LIMITED
801-804, Wing A, Building No 3, Inspire BKC,
G Block, Bandra Kurla Complex, Bandra East,
Mumbai – 400 051
Phone: +91 22 4009 4400
Email: [email protected]
Website: www.nuvama.com
Solarworld Energy Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Solarworld Energy Contact Details
SOLARWORLD ENERGY SOLUTIONS LIMITED
3rd Floor, Left Wing, Plot No. A 45-50, Sector-16,
Noida – 201 301, Uttar Pradesh, India
Phone: 0120 4399946
Email: [email protected]
Website: www.worldsolar.in
Solarworld Energy IPO FAQs
How many shares in Solarworld Energy IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Solarworld Energy Public Offer?
The best way to apply for Solarworld Energy Solutions public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Solarworld Energy IPO GMP today?
Solarworld Energy IPO GMP today is INR 38 per share.
What is the Solarworld Energy kostak rate today?
Solarworld Energy kostak rate today is INR NA per application.
What is Solarworld Energy Subject to Sauda rate today?
Solarworld Energy Subject to Sauda rate today is INR 1,600 per application.