Solarworld Energy Solutions IPO is a bookbuilt issue of ₹490.00 crore. It combines a fresh issue of 1.25 crore shares aggregating to ₹440.00 crore and an offer for sale of 0.14 crore shares aggregating to ₹50.00 crore.

The IPO opens for subscription on September 23, 2025, and closes on September 25, 2025. The allotment is expected to be finalized on Friday, September 26, 2025. The price band for the IPO is set at ₹333 to ₹351 per share, and the minimum lot size for an application is 42 shares.

Company Summary

Incorporated in 2013, SolarWorld Energy Solutions Limited is a solar energy solutions provider specializing in engineering, procurement, and construction (EPC) services for solar power projects.

On May 14, 2024, SolarWorld Energy Solutions Limited entered into an equity cooperation agreement with ZNSHINE PV-Tech Co. Ltd., a Bloomberg NEF tier-1 solar panel supplier from China. This partnership aims to establish a solar panel manufacturing facility.

The company’s customer base includes SJVN Green Energy Limited, Haldiram Snacks Private Limited, Ethnic Food Manufacturing Private Limited, and Samiksha Solarworld Private Limited.

As of July 31, 2025, the company had 277 employees.

Business Models

Capital Expenditure (CAPEX) Model:

Provides end-to-end solar project solutions, including design, installation, setup, and commissioning.
The ownership of the project remains with the customer.

Renewable Energy Service Company (RESCO) Model:

Customers can adopt solar power without any upfront investment.
Helps businesses reduce their carbon footprint with minimal financial burden.

Company Strengths

Established track record and strong in-house execution capabilities for end-to-end solar EPC solutions
Strong financial performance driven by an asset-light business model
Strong customer relationships built on reliable delivery of projects with a significant focus on quality.
Experienced management team and qualified personnel with significant industry experience.

Company Financials

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
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

Objectives of IPO

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

Promoters of the company

Kartik Teltia, Rishabh Jain, Mangal Chand Teltia, Sushil Kumar Jain, and Anita Jain are the company promoters.

IPO Details

IPO Date	September 23, 2025 to September 25, 2025
Listing Date	September 30, 2025
Face Value	₹5 per share
Price Band	₹333 to ₹351 per share
Lot size	42 shares
Total Issue size	1,39,60,113 shares (aggregating upto ₹490.00 Cr )
Fresh Issue	1,25,35,612 shares (aggregating upto ₹440.00 Cr )
Offer for Sale	14,24,501 shares of ₹5 (aggregating upto ₹50.00 Cr )
Issue type	Bookbuilding IPO
Listing at	NSE, BSE
Share Holding Pre Issue	7,41,37,042 shares
Share Holding Post Issue	8,66,72,654 shares

Lot Allocation Details

Application	Lots	Shares	Amount
Retail (Min)	1	42	₹14,742.00
Retail (Max)	13	546	₹1,91,646.00
S-HNI (Min)	14	588	₹2,06,388.00
S-HNI (Max)	67	2,814	₹9,87,714.00
B-HNI (Min)	68	2,856	₹10,02,456.00

Allotment Schedule

Basis of Allotment	Fri, 26 Sep, 2025
Initiation of Refunds	Mon, 29 Sep, 2025
Credit of Shares to Demat	Mon, 29 Sep, 2025
Tentative Listing Date	Tue, 30 Sep, 2025
Cut-off time for UPI mandate confirmation	5 PM on September 25, 2025

IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not less than 75% of the Offer
Retail Shares Offered	Not more than 10% of the Issue
NII Shares Offered	Not more than 15% of the Offer

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