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  1. Solarworld Energy Solutions' ₹490 crore IPO launches on September 23; check price band, lot size and key details

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Solarworld Energy Solutions' ₹490 crore IPO launches on September 23; check price band, lot size and key details

Kamal Joshi

2 min read | Updated on September 18, 2025, 08:30 IST

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SUMMARY

Solarworld Energy Solutions IPO: The initial share sale, which has set a price band of ₹333 to ₹351 per share, is a mix of fresh issuance of shares aggregating up to ₹440 crore as well as an offer for sale of ₹50 crore.

Solarworld Energy Solutions offers solar energy solutions, specialising in engineering, procurement and construction services for solar power projects. | Image: Worldsolar.in

Solarworld Energy Solutions offers solar energy solutions, specialising in engineering, procurement and construction services for solar power projects. | Image: Worldsolar.in

Solarworld Energy Solutions IPO: Solar energy solutions provider Solarworld Energy Solutions' ₹490 crore initial public offering will open for subscription on September 23. The issue will end on September 25.

The initial share sale, which has set a price band of ₹333 to ₹351 per share, is a mix of fresh issuance of shares aggregating up to ₹440 crore as well as an offer for sale of ₹50 crore.

Under the OFS route, promoter Pioneer Facor IT Infradevelopers Pvt Ltd is offloading its stake.

The fresh issue proceeds will be used for investment in the subsidiary, Kartik Solarworld Pvt Ltd, for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Madhya Pradesh and for general corporate purposes.

Solarworld Energy Solutions IPO: Lot size

Retail investors can apply for a minimum of one lot or 42 shares.

The company has kept aside 75% of the net offer for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.

Solarworld Energy Solutions IPO timeline

  • Finalisation of basis of allotment: September 26
  • Refund initiation: September 29
  • Credit of equity shares to Demat: September 29
  • Listing on NSE and BSE: September 30

The book-running lead managers of the issue are Nuvama Wealth Management Ltd and SBI Capital Markets Ltd. MUFG Intime India Pvt Ltd serves as the registrar.

About Solarworld Energy Solutions

Solarworld Energy Solutions offers solar energy solutions, specialising in engineering, procurement and construction services for solar power projects. It commenced operations in 2013, providing comprehensive, end-to-end and cost-effective solutions for installing solar power projects for its clients', which comprise public sector undertakings (PSUs) and commercial and industrial clients.

Its customer mix includes SJVN Green Energy Limited, Ethnic Food Manufacturing Private Limited, Haldiram Snacks Private Limited, and Samiksha Solarworld Private Limited.

Solarworld Energy Solutions IPO: Financials

(₹ Crores)FY25FY24FY23
Revenue544.76501.01232.46
Total Assets598.01155.02120.42
Net Profit/(Loss)77.0451.6914.83
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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