Allotment

Solarworld Energy Solutions Limited launched a book-built IPO with a total issue size of ₹490.00 crore. The issue comprises a fresh issue of 1.25 crore equity shares aggregating to ₹440.00 crore, along with an offer for sale of 0.14 crore equity shares amounting to ₹50.00 crore.
The IPO opened for subscription on September 23, 2025, and closed on September 25, 2025. The basis of allotment was finalized on September 26, 2025, and the equity shares were listed on both the BSE and NSE on September 30, 2025.
The price band for the IPO was fixed at ₹351 per share. The minimum application lot size for retail investors was 42 shares, requiring a minimum investment of ₹14,742 at the upper end of the price band.
For non-institutional investors:
sNII (Small NII): Minimum application of 14 lots (588 shares) amounting to ₹2,06,388
bNII (Big NII): Minimum application of 68 lots (2,856 shares) amounting to ₹10,02,456
Nuvama Wealth Management Ltd. acted as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. served as the registrar.
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IPO Market price
| IPO Date | 30 Sep |
| IPO Listing Date | 30 Sep |
| IPO Face Value | ₹5.00 per share |
| IPO Price Range | ₹351.00 |
| IPO Issue Size | 1,39,60,113 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Book Building IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 7,41,37,042 shares |
| IPO Open Date | 23 Sep |
| IPO Close Date | 25 Sep |
| IPO Allotment (Tentative) | 26 Sep |
| Refunds | 29 Sep |
| Credit to Demat Account | 29 Sep |
| IPO Listing Date | 30 Sep |
| Category | Offer |
|---|---|
| QIB Shares Offered | 44,14,414 Shares |
| NII (HNI) Shares Offered | 22,07,207 Shares |
| Retail Shares Offered | 14,71,471 Shares |
Investors can bid for a minimum of 42 shares, with additional shares to be purchased in multiples of 42.
| Application | Lots | Share | 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 |
Incorporated in 2013, SolarWorld Energy Solutions Limited is a solar energy solutions provider focused on engineering, procurement, and construction (EPC) services for solar power projects. The company offers solar solutions through two business models: the CAPEX model, under which it provides end-to-end services such as design, installation, and commissioning while ownership remains with the customer, and the RESCO model, which enables customers to adopt solar power without any upfront investment, helping them reduce energy costs and carbon emissions.
On May 14, 2024, the company entered into an equity cooperation agreement with ZNSHINE PV-Tech Co. Ltd., a Bloomberg NEF Tier-1 solar panel supplier from China, with the objective of establishing a solar panel manufacturing facility. SolarWorld’s customer base includes well-known organizations such as SJVN Green Energy Limited, Haldiram Snacks Private Limited, Ethnic Food Manufacturing Private Limited, and Samiksha Solarworld Private Limited.
Competitive Strengths
Proven track record with strong in-house capabilities for end-to-end solar EPC execution
Asset-light business model supporting healthy financial performance
Strong customer relationships driven by reliable project delivery and a focus on quality
Experienced management team and skilled workforce with significant industry expertise
| Assets | 598.02 | 155.02 | 120.43 |
| Total Income | 551.09 | 505.5 | 235.05 |
| Profit After Tax | 77.05 | 51.69 | 14.84 |
| EBITDA | 106.75 | 71.09 | 22.88 |
| NET Worth | 309.07 | 73.6 | 21.91 |
| Reserves and Surplus | 272 | 73.28 | 21.59 |
| Total Borrowing | 114.55 | 61.1 | 64.67 |
| ROE | 40.27% |
| ROCE | 54.53% |
| Debt/Equity | 0.37 |
| RoNW | 40.27% |
| PAT Margin | 14.14% |
| EBITDA Margin | 19.60% |
| Price to Book Value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 101.68 |
| 4 | Offer for Sale (OFS) | - |
Solarworld Energy Solutions Ltd. Address
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/
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
solarworld.ipo@in.mpms.mufg.com