Here are the full details of the upcoming IPO of Solarworld Energy Solutions Limited IPO (as of the latest public sources). Always confirm via the Prospectus / SEBI filings before investing.
Business: Provides solar energy solutions, especially EPC (Engineering, Procurement, and Construction) services for solar power plants. Also works under CAPEX & RESCO models, and offers O&M (Operations & Maintenance) services.
IPO Dates
- Opening Date: 23 September 2025
- Closing Date: 25 September 2025
- Allotment Date: 26 September 2025
- Initiation of Refunds: 29 September 2025
- Credit of Shares to Demat: 29 September 2025
- Listing Date (expected): 30 September 2025
IPO Details
- Face Value: ₹5 per share
- Price Band: ₹333 to ₹351 per share
- Lot Size: 42 Shares
- Sale Type: Fresh Capital-cum-Offer for Sale
- Total Issue Size: 1,39,60,113 shares
- Fresh Issue: 1,25,35,612 shares
- Offer for Sale: 14,24,501 shares
- Issue Type: Bookbuilding IPO
- Listing At: BSE, NSE
- Share Holding Pre Issue: 7,41,37,042 shares
- Share Holding Post Issue: 8,66,72,654 shares
Solarworld Energy Solutions Limited IPO Lot Size
Here’s the IPO Lot Size info for Solarworld Energy Solutions Limited:
| Application | 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 |
Solarworld Energy Solutions Limited IPO Promoter Holding
The promoter holding of Solarworld Energy Solutions Limited is as follows:
Kartik Teltia, Rishabh Jain, Mangal Chand Teltia, Sushil Kumar Jain and Anita Jain are the company promoters.
| Promoter Holding Pre Issue | 78.70% |
| Promoter Holding Post Issue | 67.31% |
- Pre-IPO (before the issue): 78.70%
- Post-IPO (after the issue): 67.31%
About Solarworld Energy Solutions Limited
- Solarworld Energy Solutions is a renewable energy company in India specializing in solar power.
- They work mainly under the EPC model (Engineering, Procurement & Construction) and RESCO model (where the company installs and operates solar systems and the customer pays for power via PPAs).
- They also provide Operation & Maintenance (O&M) services, usually bundled with their EPC projects for 2-5 years, to ensure the solar systems perform reliably.
- They are investing in backward integration: developing solar cell / module manufacturing (e.g. TopCon technology) to reduce dependence on third parties.
Key Numbers & Projects
- As of August 31, 2024, completed capacity: 253.67 MW AC / 336.17 MW DC.
- Ongoing (in execution) projects: around 420 MW AC / 592 MW DC as of that same date.
- Order book size: ~ ₹799.7 crore as of August 2024.
Key Strengths & Advantages
- Strong execution experience in both ground-mounted and rooftop solar projects.
- Dual business model (CAPEX + RESCO) gives flexibility depending on customer’s preference / capability.
- O&M bundled with most EPC projects ensures recurring revenue and helps with system uptime and customer trust.
- Backward integration effort (module / cell manufacturing) could reduce costs over time and mitigate risk from supply chain dependencies.
Subsidiaries / Ownership Structure
- It has subsidiaries including ZNSHINE Solarworld Pvt Ltd, Kartik Solarworld Pvt Ltd, and Solarworld BESS One Pvt Ltd.
- Promoters hold a large share (over 80 %) before IPO as per draft filings; the rest is held by public shareholders including investors like ValueQuest.
Solarworld Energy Solutions Limited Financial Information
Here is a detailed financial overview of Solarworld Energy Solutions Limited for the fiscal years 2023 to 2025:
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹598.02 Crore | ₹155.02 Crore | ₹120.43 Crore |
| Total Income | ₹551.09 Crore | ₹505.50 Crore | ₹235.05 Crore |
| Profit After Tax | ₹77.05 Crore | ₹51.69 Crore | ₹14.84 Crore |
| EBITDA | ₹106.75 Crore | ₹71.09 Crore | ₹22.88 Crore |
| NET Worth | ₹309.07 Crore | ₹73.60 Crore | ₹21.91 Crore |
| Reserves and Surplus | ₹272.00 Crore | ₹73.28 Crore | ₹21.59 Crore |
| Total Borrowing | ₹114.55 Crore | ₹61.10 Crore | ₹64.67 Crore |
Key Performance Indicator (KPI)
Here are the Key Performance Indicators (KPIs) for Solarworld Energy Solutions Limited based on its IPO prospectus and latest financials:
| KPI | Values |
|---|---|
| ROE | 40.27% |
| ROCE | 54.53% |
| Debt/Equity | 0.37 |
| RoNW | 40.27% |
| PAT Margin | 14.14% |
| EBITDA Margin | 19.60% |
Objects of the Issue (Solarworld Energy Solutions Limited IPO Objectives)
The objects of the issue (i.e., the purposes for which Solarworld Energy Solutions Limited is raising funds through its IPO) are as follows:
Primary Objectives of the IPO
1) Funding Solar Cell Manufacturing Facility
- A major portion of the fresh issue proceeds (≈ ₹420 crore) will be used to partially finance the construction of a 1.2 GW Solar PV TopCon cell manufacturing facility in Pandhurna, Madhya Pradesh.
- This investment aims at backward integration to reduce dependence on third-party suppliers and imports, improve cost efficiency, and ensure a reliable supply of high-efficiency solar cells for their EPC projects.
2) General Corporate Purposes
- The remaining IPO proceeds will be used for general corporate purposes, which may include working capital requirements, meeting strategic growth initiatives, and other operational needs.
Secondary / Strategic Objectives
1) Expansion of EPC and RESCO Projects
- Supports the company’s ability to execute more large-scale solar projects in India.
2) Strengthening O&M Capabilities
- Enables the company to offer long-term O&M contracts efficiently, ensuring recurring revenue streams.
3) Debt Management
- A portion of the proceeds may be used to reduce or refinance existing borrowings to strengthen the balance sheet and improve financial flexibility.
These objectives are aimed at supporting growth, improving profitability, and increasing operational independence in the renewable energy sector.
Strengths of Solarworld Energy Solutions Limited IPO
1) Proven Track Record in Solar EPC
- Solarworld has established itself as a reliable provider of Engineering, Procurement, and Construction (EPC) services for solar power projects, demonstrating strong in-house execution capabilities.
2) Robust Financial Performance
- The company has shown consistent growth in revenue and profitability, with a significant increase in net profit from ₹14.84 crore in 2023 to ₹77.05 crore in 2025.
3) Strategic Investment in Manufacturing
- Proceeds from the IPO will partly fund a 1.2 GW solar PV TopCon cell manufacturing facility in Madhya Pradesh, aiming to reduce dependency on third-party suppliers and enhance cost efficiency.
4) Diverse Client Base
- The company serves a range of clients, including public sector undertakings and commercial entities, indicating a diversified revenue stream.
5) Supportive Government Policies
- The renewable energy sector in India benefits from favorable government policies and incentives, which could bolster the company’s growth prospects.
Risks of Solarworld Energy Solutions Limited IPO
1) High Customer Concentration
- A significant portion of revenue is derived from a single customer, SJVN Green Energy Limited, making the company vulnerable to changes in this client’s business dynamics.
2) Regulatory and Policy Dependence
- The company’s operations are subject to government policies and regulations, and any adverse changes could impact its business.
3) Intense Market Competition
- The solar energy sector is highly competitive, with numerous players vying for market share, which could pressure margins and growth.
4) Execution Risks in Manufacturing Expansion
- The planned expansion into solar cell manufacturing involves significant investment and execution risks, including potential delays and cost overruns.
Solarworld Energy Solutions Limited Contact Details
Here are the official contact details for Solarworld Energy Solutions Limited:
Registered Office
Address:
501, Padma Palace, 86, Nehru Place, South Delhi, Delhi – 110019, India
Corporate Identification Number (CIN): U15100DL2013PLC255455
Phone: +91-120-4399946
Email: support@worldsolar.in
Website: worldsolar.in
Corporate Office
Address:
3rd Floor, Left Wing, Plot No. A 45-50, Sector-16, Noida – 201301, Uttar Pradesh, India
Phone: +91-120-4269273
Email: info@worldsolar.in
Website: worldsolar.in
Investor Relations
Email: cs@worldsolar.in
Website: worldsolar.in/investor-contact
Social Media
- LinkedIn: Solarworld Energy Solutions Private Ltd
- Instagram: @solarworld_ltd
- Facebook: SolarWorld Energy Solutions
- Twitter: @solarworld_ltd
- YouTube: Solarworld Energy Solutions
- Pinterest: SolarWorld Energy Solutions
Anand Rathi Share & Stock Brokers Limited IPO Details
Seshaasai Technologies Limited IPO 2025: Price, Dates & Review
Disclaimer: The content on this website is intended for informational purposes only and should not be interpreted as financial or investment advice. Engaging in stock market activities involves inherent risks, and outcomes can be unpredictable. While we strive to provide accurate and up-to-date information, we do not make any guarantees regarding the completeness or reliability of the content. Any investment decisions you make should be based on your own research and consultation with a qualified financial professional. We are not responsible for any financial gains or losses resulting from actions taken based on the information provided here. Always invest wisely and at your own risk.
