Solarworld Energy Solutions Limited IPO

Solarworld Energy Solutions Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹333 - ₹351

Total Issue

₹490.00 Cr

Bid Dates

23 Sep - 25 Sep

Subscription

65.01x

Est. GMP

₹30 (8.55%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Solarworld Energy is engaged in providing solar energy solutions, with a focus on engineering, procurement and construction (EPC) services for solar power projects. Since commencing operations in 2013, it has been delivering comprehensive, cost-effective, end-to-end solutions tailored to the requirements of public sector undertakings (PSUs) and commercial and industrial (C&I) clients. Backed by strong execution capabilities, the Company has successfully completed projects aggregating 253.67 MW AC / 336.17 MW DC and, as of July 31, 2025, has ongoing projects of 765 MW AC / 994 MW DC under EPC and 325 MW / 650 MWh in battery energy storage systems (BESS).

Lot Info

Lot Information for Solarworld Energy Solutions IPO
Category 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

Category Reservation

QIB 75%
NII 15%
Ret 10%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹490.00 Cr
Fresh Issue
₹440.00 Cr (1.25 Cr Shares)
Offer For Sale
₹50.00 Cr (0.14 Cr Shares)

Objects of Issue

  1. Investment in our Subsidiary, for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in MP
  2. General corporate purposes.

Grey Market Premium

GMP ₹30
Est. Price ₹381
Est. Gain 8.55%

Solarworld Energy Solutions IPO Peer Comparison

(Rs. in crores)

Solarworld Energy Solutions IPO Peer Comparison Table
Particulars Solarworld Energy Sterling & Wilson KPI Green Waaree Renewable Oriana Power
Revenue from Ops (in Crs.) 544.77 6,301.86 1,735.45 1,597.75 987.17
PAT (In Crs.) 77.05 85.55 325.28 228.93 158.55
EPS - Basic 10.68 3.49 16.09 21.95 79.52
NAV per share 41.69 42.59 133.57 43.64 254.75
RONW 40.27% 8.78% 18.77% 65.29% 47.59%
EBITDA 19.60% 3.92% 32.34% 19.21% 23.75%
PAT Margin 14.14% 1.36% 18.74% 14.33% 16.06%
Price to earning (PE) 32.87 76.48 30.57 47.32 29.01
Debt to Equity 0.37 0.91 0.43 0.06 0.52
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 1, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Solarworld Energy Solutions IPO
Particulars Mar-25 Mar-24 Mar-23 Mar-22
Revenue from Operations 544.77 501.02 232.46 27.79
Profit after Tax 77.05 51.69 14.84 2.20
Net Worth 309.07 73.60 21.91 7.06
Total Borrowing 114.55 61.10 64.67 52.40
Total Assets 598.02 155.02 120.43 67.40
NAV per share (in ₹) 41.69 11.39 3.39 1.09
EPS - Basic (in ₹) 10.68 8.00 2.30 0.34

KPIs

EBITDA

19.60%

PAT

14.14%

ROE

40.27%

ROCE

54.53%

Net Debt to Equity

0.37

PE Ratio

32.87

PB Ratio

8.42

Mkt Cap (in Crs.)

3,042.21

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

78.70%

Public

21.30%

Kartik Teltia 34.56%
Mangal Chand Teltia 4.79%
Pioneer Facor IT Infradevelopers Pvt Ltd 39.35%

Management

Kartik Teltia MD
Mukut Goyal CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Subscription Status

Updated as on 25-Sep-2025 19:00:00

Mainboard Subscription Status for Solarworld Energy Solutions IPO
Category Sub (x) Offered Bids
QIB 74.24 41,88,034 31,09,05,126
NII 68.23 20,94,017 14,28,64,596
bHNI 66.45 13,96,011 9,27,71,532
sHNI 71.77 6,98,006 5,00,93,064
Retail 51.81 13,96,011 7,23,26,184
Total 68.52 76,78,062 52,60,95,906

Frequently Asked Questions

What is Solarworld Energy Solutions IPO?
Solarworld Energy Solutions IPO is a Mainboard IPO having an issue size of ₹490.00 Crs. Solarworld Energy Solutions IPO is priced at ₹333 - ₹351 per share. The issue opens on 23 Sep 25 and closes on 25 Sep 25.
When will Solarworld Energy Solutions IPO open?
Solarworld Energy Solutions IPO opens on 23 Sep 25 and closes on 25 Sep 25.
What is the GMP of Solarworld Energy Solutions IPO?
The estimated Grey Market Premium of Solarworld Energy Solutions IPO is ₹30 per share (8.55%).
What is the lot size of Solarworld Energy Solutions IPO?
The minimum lot size of Solarworld Energy Solutions IPO is 42 shares & the minimum application amount is Rs. 14742.
When is the allotment of Solarworld Energy Solutions IPO?
The allotment date of Solarworld Energy Solutions IPO is 26 Sep 25.
What is the listing date of Solarworld Energy Solutions IPO?
The listing date of Solarworld Energy Solutions IPO is 30 Sep 25.
What is the subscription of Solarworld Energy Solutions IPO?
Solarworld Energy Solutions IPO is subscribed 65.01 times.
What is the price band of Solarworld Energy Solutions IPO?
Solarworld Energy Solutions IPO is priced at ₹333 - ₹351 per share.
How to check allotment status of Solarworld Energy Solutions IPO?
Click the allotment link on Solarworld Energy Solutions IPO page of IPO360.
How to apply Solarworld Energy Solutions IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Solarworld Energy Solutions IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Solarworld Energy Solutions IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Solarworld Energy Solutions IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date