February 1, 2025
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Solarworld Energy IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Solarworld Energy IPO?
The company has received green signal from SEBI for its IPO on 30th January 2025.
What is the latest GMP of Solarworld Energy IPO?
Click
Solarworld Energy IPO Subscriptions
Price Rs. 629 Lot 23 shares, Net Rs. ? Crore |
|||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: / (?x) Amount wise Bids recd. Rs. ? Crore |
|||||
What are the promoters of Solarworld Energy IPO?
THE PROMOTERS OF THE COMPANY ARE KARTIK TELTIA, RISHABH JAIN, MANGAL CHAND TELTIA, SUSHIL KUMAR JAIN, ANITA JAIN, PIONEER FACOR IT INFRADEVELOPERS PRIVATE LIMITED, PIONEER SECURITIES PRIVATE LIMITED AND PIONEER FINCAP PRIVATE LIMITED
What are the Objects of Solarworld Energy IPO?
The Offer comprises of fresh issue of capital and an offer for sale.
The Company proposes to utilize the net proceeds, towards funding the following objects
1. Investment in our Subsidiary, Kartik Solarworld Private Limited (“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”); and
2. General corporate purposes
What is the business of Solarworld Energy?
Solarworld Energy Solutions is one of the leading solar energy solutions provider, specialising in engineering, procurement and construction (“EPC”) services for solar power projects in terms of revenue from EPC business for Fiscal 2024. It commenced its operations in 2013, offering comprehensive, end to end and cost-effective solutions for the installation of solar power projects tailored to its customers’ needs, which comprise public sector undertakings (“PSUs”) and commercial and industrial clients (“C&I Clients”). Its business operations are supported by its strong execution capabilities, which is demonstrated by the projects which have achieved their commercial operation date (“Completed Projects”) and its projects for which it has received orders or are currently under execution (“Ongoing Projects”).
As on August 31, 2024, it has Completed Projects with a total capacity of 253.67 megawatts (“MW”) AC/ 336.17 MW DC, and Ongoing Projects with a cumulative capacity of 420 MW AC / 592 MW DC. Its solutions are designed to strengthen its customers sustainable energy infrastructure, supporting their decarbonization efforts and driving energy efficiency improvements. It offers these solutions through two distinct models namely the capital expenditure (“CAPEX”) model and the renewable energy service company (“RESCO”) model. Under the CAPEX model, it provides end-to-end solutions by designing, installing, setting up and commissioning the solar power projects on a turn-key basis for its customers, while the ownership of the solar power projects vests with the customer itself. The scope of its services ranges from the evaluation of land, designing of the project, procurement of raw material and components, installation of equipment, setup of the transmission infrastructure and the maintenance/operation of the project for the contracted period
For more information, click : www.worldsolar.in
Solarworld Energy IPO GMP, Particulars & Guidance
| Solarworld Energy IPO Details | |
| IPO opens on | ? 2025 |
| IPO closes on | ? 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 600 Crore |
| * Fresh Issue | ? Shares / Rs 550 Crore |
| * Offer for Sale | ? Shares / Rs 50 Crore |
| Face Value per share: | Rs. 5 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in this IPO? |
Shares | Rs. in Crore |
| QIB (50 %) | ||
| NII (15 %) | ||
| RII (35 %) | ||
| Employees | ||
| Total Shares | ||
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail Application | ||
| Max Retail Application | ||
| Small HNI (Min) application | ||
| Small HNI (Max) application | ||
| Big HNI Application | ||
| What is the timetable of this IPO? | |
| IPO opens on | 2025 |
| IPO Closes on | 2025 |
| IPO Allotment on | 2025 |
| Unblocking of Asba | 2025 |
| Credit of Shares | 2025 |
| Listing of Shares | 2025 |
| Registered Office of the company 501, Padma Palace, 86, Nehru Place, South Delhi, New Delhi – 110 019, Delhi, India |
|
| Who are the Lead Managers of Solarworld Energy IPO? Nuvama Wealth Management Ltd SBI Capital Markets Ltd |
|
| Registrar to IPO | |
| Link Intime India Pvt ltd |
| Solarworld Energy IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 27.79 | 2.19 | 0.34 | 29.48 |
| 2022-23 | 232.46 | 14.84 | 2.30 | 102.40 |
| 2023-24 | 501.42 | 51.69 | 8.00 | 108.25 |
| Book Value of the Share on 31.03.2024 |
11.39 | |||
| BV of the Share after the IPO |
Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| IPO Ratio Analysis | |
| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Solarworld Energy IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Solarworld | 5 | 501 | ? |
| Sterling & Wilson | 1 | 3035 | NA |
| KPI Green | 5 | 1024 | 31.88 |
| Waaree Renewable | 2 | 876 | 135.82 |
| Gensol Engineering | 10 | 963 | 52.33 |
| Oriana Power | 10 | 383 | 66.63 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Solarworld Energy IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
We shall update our IPO review once the price band, lot and other details are available.
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