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  1. Solarworld Energy Solutions IPO day 1: Check live subscription status, price band, lot size, objectives and key dates

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Solarworld Energy Solutions IPO day 1: Check live subscription status, price band, lot size, objectives and key dates

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.

2 min read | Updated on July 04, 2026, 10:07 IST

SUMMARY

Solarworld Energy Solutions IPO seeks to raise ₹490 crore by offering new shares aggregating to ₹440 crore and an offer for sale (OFS) component of ₹50 crore by the promoter selling shareholder Pioneer Facor IT Infradevelopers Private Limited.

Solarworld Energy Solutions specialises in engineering, procurement and construction services for solar power projects. | Image: Worldsolar.in

Solarworld Energy Solutions specialises in engineering, procurement and construction services for solar power projects. | Image: Worldsolar.in

Solarworld Energy Solutions IPO day 1: The initial public offering of solar energy solutions provider Solarworld Energy Solutions hit the primary market on Tuesday, September 23. The issue will conclude on Thursday, September 25.

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The initial share sale seeks to raise ₹490 crore by offering new shares aggregating to ₹440 crore and an offer for sale (OFS) component of ₹50 crore by the promoter selling shareholder Pioneer Facor IT Infradevelopers Private Limited.

Proceeds from the fresh issue will be utilised for investment in the company's subsidiary, Kartik Solarworld, for part-financing the establishment of a 1.2 gigawatt (GW) Solar PV TopCon manufacturing plant in Madhya Pradesh and general corporate purposes.

With the price band of ₹333 to ₹351 per share, a lot consists of 42 shares.

Solarworld Energy Solutions IPO day 1: Subscription status

On day 1 so far, the IPO received bids for 84,42,504 shares against 80,93,092 shares on offer, leading to 1.04 times subscription, as per NSE data until 3:56 pm.

CategorySubscription Status
Qualified Institutional Buyers (QIBs)--
Non-Institutional Investors1.19 times
Retail Investors3.95 times
Total1.04 times

Before the IPO, the company fetched ₹220.5 crore in the anchor round from investors, including Pinebridge Global Funds, Motilal Oswal Mutual Fund (MF), VQ Fastercap Fund II, Singularity Equity Fund I, BNP Paribas Financial Markets and Citigroup Global Markets Mauritius, among others.

As per the circular on the BSE website, Solarworld Energy allotted 62.82 lakh shares to 15 funds at ₹351 apiece.

Solarworld Energy Solutions IPO timeline: Allotment and listing date

EventDate
Subscription periodSeptember 23 to September 25
Basis of allotmentSeptember 26
Initiation of RefundsSeptember 29
Credit of Shares to DematSeptember 29
Listing dateSeptember 30
Solarworld Energy Solutions specialises in engineering, procurement and construction (EPC) services for solar power projects.

SBI Capital Markets and Nuvama Wealth Management are the issue's book-running lead managers, while MUFG Intime India is the registrar.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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