Solarworld Energy Solutions IPO

Solarworld Energy Solutions IPO: Check IPO Date, Live Subscription and Key Details

Solarworld Energy Solutions provides solar energy solutions, specializing in engineering, procurement, and construction (EPC) services for solar power projects. The company offers complete, cost-effective, and customized solutions for installing solar power systems for public sector undertakings (PSUs) as well as commercial and industrial (C&I) clients. It operates under two models: the CAPEX model, where customers own the solar project, and the RESCO model, where the company owns and operates the project and customers buy the electricity at a fixed tariff under a long-term power purchase agreement (PPA).

Price Range
₹333.0 - ₹351.0
Issue Size
₹490 Crore
Lot Size
42 shares
IPO Type
Mainboard
GMP
₹40(+11.40%)
Est. Listing Price
₹391

Key Metrics

Check Live GMP

Face Value
₹5
EPS
8.89
P/E Ratio
39.48
RoNW
40.27%
ROE
24.93%
Debt to Equity
0.37

Timeline

IPO Opens

23 Sept

IPO Closes

25 Sept

Allotment

26 Sept

Listing

30 Sept

IPO Timeline & Listing Details

EventDate
IPO Open Date23 September 2025
IPO Close Date25 September 2025
Allotment Date26 September 2025
Listing Date30 September 2025

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,742
Retail (Max)Just less than ₹2,00,000
13₹1,91,646
SHNI (Min)Just above ₹2,00,000
14₹2,06,388
SHNI (Max)Below ₹10,00,000
67₹9,87,714
BHNIAbove ₹10,00,000
68₹10,02,456

IPO Objectives

  • Investment in the Subsidiary, KSPL for partfinancing the establishment of the Pandhurana Project.
  • General corporate purposes.

Strengths

  • The company has an established track record and strong in-house execution capabilities for end-to-end solar EPC solutions.
  • It has a robust order book with a significant pipeline of projects, providing clear revenue visibility.
  • The business operates with an asset-light model and has shown strong financial performance, with PAT rising by 49% between FY24 and FY25.
  • The company is led by an experienced management team and has strong customer relationships built on a focus on quality.
  • Its RESCO model provides a stable stream of recurring revenue under long-term power purchase agreements.

Weaknesses

  • The company has a high geographical concentration, with a majority of its projects located in a few states.
  • It is dependent on government policies and subsidies, which can be subject to delays or changes in regulations.
  • The solar industry is highly competitive, which can lead to pricing pressures and impact profit margins.
  • The IPO includes an Offer for Sale (OFS) component, meaning a portion of the proceeds will not be directly invested in the company's growth.
  • The significant increase in PAT in FY25 (49%) raises questions about its sustainability and may be a one-off event.

Financial Performance

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)598.02155.02120.43
Revenue (₹ Cr.)551.09505.5235.05
PAT (₹ Cr.)77.0551.6914.84
Net Worth (₹ Cr.)309.0773.621.91

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Solarworld Energy Solutions039.4840.27%309.06
Sterling And Wilson Renewable6.2857.878.09%995
Kpi Green Energy Limited3.9226.5812.25%2,630

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0.02x74.24x
NII1.53x5.83x68.21x
S-HNI2.37x9.75x71.72x
B-HNI1.1x3.88x66.45x
RII4.81x14.37x51.69x
Total1.29x4.21x68.49x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB41,88,03431,09,05,12610,912.77
NII20,94,01714,28,29,8205,013.33
Small NII6,98,0065,00,58,2881,757.05
Big NII13,96,0119,27,71,5323,256.28
RII13,96,0117,21,54,6142,532.63
Total76,78,06252,58,89,56018,458.72

Company Details

  • Solarworld Energy Solutions Ltd.
  • 501, Padma Palace, 86, Nehru Place, South Delhi, New Delhi-110019
  • 0120 4399946
  • support@worldsolar.in
  • http://www.worldsolar.in/

Registrar Details