This newly listed smallcap stock jumps over 14% as firm bags EPC order worth ₹725 crore from NTPC Renewable Energy

The order, worth ₹725.33 crore, involves an engineering, procurement and construction (EPC) contract for the development of a 250 MWac grid-connected solar PV project.

The project is scheduled to be completed in the financial year 2026-27, as per the terms of the order.

“…we are pleased to inform you that “SOLARWORLD” has received the letter of award of Engineering, Procurement and Construction (EPC) Package for the development of a 250 MWac Grid Connected Solar PV Project,” the newly listed company had said in a regulatory filing.

Listed on the exchanges on September 30, 2025, Solarworld Energy Solutions shares have fallen 4% over a month’s time. At 1:40 PM, the stock was trading at ₹288.80 apiece on the National Stock Exchange, gaining 9.15%.

The company has a market capitalisation of ₹2,503.97 crore.

Solarworld Energy Solutions IPO details

The ₹490 crore public offer was a fresh issuance of ₹440 crore and an offer for sale (OFS) of ₹50 crore by promoter Pioneer Factor IT Infradevelopers. It had a price band of ₹333 to ₹351 per share.

The fresh issue proceeds will be used for investment in the company's unit Kartik Solarworld for partially funding the set-up of a 1.2 GW Solar PV TopCon manufacturing facility and general corporate purposes.

The IPO secured bids for 526,095,906 shares as against 8,093,092 shares on offer. This shows a total subscription of 65.01 times, according to the BSE data.

Prior to the IPO, the company had collected ₹220.5 crore in the anchor round from investors including Pinebridge Global Funds, Motilal Oswal Mutual Fund, VQ Fastercap Fund II, Singularity Equity Fund I, BNP Paribas Financial Markets and Citigroup Global Markets Mauritius. It allotted 62.82 lakh shares to 15 funds at ₹351 apiece.

Solarworld Energy Solutions offers EPC (engineering, procurement and construction) services for solar power projects. It provides comprehensive, cost-effective and end-to-end solutions for the installation of solar power projects based on customers' needs, which include public sector undertakings (PSUs) and commercial and industrial clients.