Solarworld Energy IPO Details
Solarworld Energy Solutions IPO is a book-built issue of Rs. 490 crore, comprising a fresh issue of 1.25 crore shares worth Rs. 440 crore and an offer for sale of 14 lakh shares aggregating Rs. 50 crore. The IPO opens on September 23, 2025, and closes on September 25, 2025, with allotment on September 26, 2025. The shares are proposed to list on BSE and NSE on September 30, 2025. The price band is fixed at Rs. 333–351 per share, with a lot size of 42 shares. A retail investor requires a minimum investment of Rs. 14,742, while the minimum application size is Rs. 2,06,388 (14 lots) for sNII and Rs. 10,02,456 (68 lots) for bNII. Nuvama Wealth Management Ltd. is the book running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar to the issue.
🕗 Last Update: 19 September 2025, 6.00 AM
Key IPO Dates
| Anchor portion | |
| IPO opens on | 23 Sept 2025 |
| IPO Closes on | 25 Sept 2025 |
| IPO Allotment on | 26 Sept 2025 |
| Unblocking of Asba | 29 Sept 2025 |
| Credit of Shares | 29 Sept 2025 |
| Listing of Shares | 30 Sept 2025 |
The Promoters
Kartik Teltia, Rishabh Jain, Mangal Chand Teltia, Sushil Kumar Jain and Anita Jain are the company promoters.
The promoters hold 78.70% shares in the pre IPO capital of the company.
Objects of the IPO
The Offer comprises of fresh issue of capital. The objects of the issue are-
+Investment in the Subsidiary, KSPL for partfinancing the establishment of the Pandhurana Project- Rs. 575 Cr.
+General Corporate Purposes
Business-
IPO Details
| IPO opens on | 23 September 2025 |
| IPO closes on | 25 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 139,60,113 Shares / Rs 490 Crore |
| * Fresh Issue | Rs 440 Crore |
| * Offer for Sale | Rs 50 Crore |
| Face Value per share: | Rs. 5 |
| Price Band | Rs. 333-351 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. – per share |
| Retail Lot Size | 42 Shares |
| Listing will at | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How can the shares be applied?
| Application | Lots | Shares | Amount Rs. |
| 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 |
IPO allotment Status
Allotment of this IPO will be announced on 26 September 2025 and the link to check allotment is given below:
https://linkintime.co.in/Initial_Offer/public-issues.html
| Registered Office of the company Solarworld Energy Solutions Ltd. 501, Padma Palace, 86, Nehru Place, South Delhi, New Delhi, New Delhi, 110019 Email: support@worldsolar.in |
|
| Lead Managers of the IPO? Nuvama Wealth management Ltd SBI Capital Markets Ltd. . |
|
| Registrar to the IPO | |
| Mufg Intime India Pvt ltd |
Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| 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 |
| Amount in ₹ Crore | |||
Key Performance Indicators
| KPI | Values |
| ROE | 40.27% |
| ROCE | 54.53% |
| Debt/Equity | 0.37 |
| RoNW | 40.27% |
| PAT Margin | 14.14% |
| EBITDA Margin | 19.60% |
| EPS | 10.39 |
| PER | 33.77 |
SolarWorld Energy Solutions IPO Review by Paresh Gordhandas, CA & Research Analyst
SolarWorld Energy Solutions Ltd., incorporated in 2013, is an EPC player in the solar energy sector with both CAPEX and RESCO business models. Revenues have grown sharply from Rs. 235.05 crore in FY23 to Rs. 551.09 crore in FY25, while PAT surged from Rs. 14.84 crore to Rs. 77.05 crore in the same period, reflecting strong scalability.
EBITDA margins have expanded with FY25 EBITDA at Rs. 106.75 crore. Net worth has risen significantly to Rs. 309.07 crore, supported by reserves of Rs. 272 crore, showing strengthening balance sheet.
Debt remains moderate at Rs. 114.55 crore (D/E ~0.37), well within comfort zone. With reputed clients (SJVN Green, Haldiram, Ethnic Foods) and a tie-up with ZNSHINE PV-Tech (Tier-1 solar panel maker), the company is positioned strongly.
Valuations will depend on pricing, but fundamentals suggest high-growth potential with improving profitability.
It is a solar EPC and solutions provider, offering projects under both CAPEX (customer-owned) and RESCO (pay-as-you-go) models.
Total income grew to Rs. 551.09 crore in FY25 from Rs. 235.05 crore in FY23, while PAT jumped to Rs. 77.05 crore from Rs. 14.84 crore in the same period.
As of FY25, borrowings stood at Rs. 114.55 crore with a healthy debt-to-equity ratio of ~0.37, reflecting manageable leverage.
Strong growth, reputed clients, and its JV with ZNSHINE PV-Tech for solar panel manufacturing give it sectoral advantage in India’s renewable energy push.
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