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).
Price Band₹333 - ₹351 |
Dates23 Sep - 25 Sep |
GMP₹30 (8.55%) |
Subscriptions65.01 times |
Issue Size₹490.00 Crs |
Solarworld Energy Solutions IPO Objects
- Investment in our Subsidiary, for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in MP
- General corporate purposes.
Solarworld Energy Solutions IPO Details
Price Band₹333 - ₹351 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹440.00 Cr (1.25 Cr Shares) |
Offer For Sale₹50.00 Cr (0.14 Cr Shares) |
Total Issue₹490.00 Cr (1.40 Cr Shares) |
Face Value₹5 per equity share |
Solarworld Energy Solutions IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
42
14,742
Maximum
13
546
1,91,646
|
|||
| Small HNI |
Minimum
14
588
2,06,388
Maximum
67
2,814
9,87,714
|
|||
| Big HNI |
Minimum
68
2,856
10,02,456
|
|||
Solarworld Energy Solutions IPO Subscription
Updated as on 25-Sep-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 70.43 | 44,14,414 | 31,09,05,126 |
| NII | 64.73 | 22,07,207 | 14,28,64,596 |
| bNII (bids above ₹10L) | 63.05 | 14,71,472 | 9,27,71,532 |
| sNII (bids between ₹2L to ₹10L) | 68.09 | 7,35,735 | 5,00,93,064 |
| Retail | 49.15 | 14,71,471 | 7,23,26,184 |
| Total | 65.01 | 80,93,092 | 52,60,95,906 |
Solarworld Energy Solutions IPO GMP
The estimated Grey Market Premium of Solarworld Energy Solutions IPO is ₹30 per share (8.55%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 10% of Net Offer |
Solarworld Energy Solutions IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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.
Solarworld Energy Solutions IPO Peer Comparision
| 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
Solarworld Energy Solutions IPO Peer Comparision
| Particulars | Solarworld Energy |
|---|---|
| Revenue from Ops (in Crs.) | 544.77 |
| PAT (In Crs.) | 77.05 |
| EPS - Basic | 10.68 |
| NAV per share | 41.69 |
| RONW | 40.27% |
| EBITDA | 19.60% |
| PAT Margin | 14.14% |
| Price to earning (PE) | 32.87 |
| Debt to Equity | 0.37 |
| Sterling & Wilson | KPI Green | Waaree Renewable | Oriana Power |
|---|---|---|---|
| 6,301.86 | 1,735.45 | 1,597.75 | 987.17 |
| 85.55 | 325.28 | 228.93 | 158.55 |
| 3.49 | 16.09 | 21.95 | 79.52 |
| 42.59 | 133.57 | 43.64 | 254.75 |
| 8.78% | 18.77% | 65.29% | 47.59% |
| 3.92% | 32.34% | 19.21% | 23.75% |
| 1.36% | 18.74% | 14.33% | 16.06% |
| 76.48 | 30.57 | 47.32 | 29.01 |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Kartik Teltia | 34.56% |
| Mangal Chand Teltia | 4.79% |
| Pioneer Facor IT Infradevelopers Pvt Ltd | 39.35% |
| Total | 78.70% |
Management Details
| Name | Designation |
|---|---|
| Kartik Teltia | MD |
| Mukut Goyal | CFO |
Company Details
Name: Solarworld Energy Solutions IPO
Address: 501, Padma Palace, 86, Nehru Place, South Delhi, New Delhi – 110 019, Delhi, India
Number: 0120 4399946
Email: support@worldsolar.in
Website: www.worldsolar.in
Book Running Lead Managers (BRLMs)
Nuvama Wealth
Visit Website
SBI Capital
Visit WebsiteRTAs
MUFG Intime India
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Solarworld Energy Solutions IPO is a Mainboard IPO having an issue size of Rs. ₹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.
Solarworld Energy Solutions IPO opens on 23 Sep 25 and closes on 25 Sep 25.
The estimated Grey Market Premium of Solarworld Energy Solutions IPO is ₹30 per share (8.55%).
The minimum lot size of Solarworld Energy Solutions IPO is 42 shares & the minimum application amount is Rs. 14742.
The allotment date of Solarworld Energy Solutions IPO is 26 Sep 25.
The listing date of Solarworld Energy Solutions IPO is 30 Sep 25.
Solarworld Energy Solutions IPO is subscribed 65.01 times.
Solarworld Energy Solutions IPO is priced at ₹333 - ₹351 per share.
Click the allotment link on Solarworld Energy Solutions IPO page of IPO360.
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Solarworld Energy Solutions IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
We are a one-stop destination for all your IPO needs. Get reliable, accurate, and timely information for all the IPOs in India!