Solarworld Energy Solutions Ltd IPO

Solarworld Energy Solutions Ltd IPO

We are engaged in providing solar energy solutions, specialising in engineering, procurement and construction (EPC) services for solar power projects. We commenced our operations in 2013, offering comprehensive, end to end and cost-effective solutions for the installation of solar power projects tailored to our customers' needs, which comprise public sector undertakings (PSUs) and commercial and industrial clients (C&I Clients). Our business operations are supported by our strong execution capabilities, which is demonstrated by the projects which have achieved their commercial operation date (Completed Projects) and our projects for which we have received orders or are currently under execution (Ongoing Projects). As on July 31, 2025, we have Completed Projects with a total capacity of 253.67 megawatts (MW) AC/ 336.17 MW DC, and Ongoing Projects with a capacity of 765 MW AC /994 MW DC for EPC and 325 MW/650 MWh for BESS.

Solarworld Energy Solutions Ltd IPO Details

Total Shares Offered

₹ 1,39,60,113

Offer to Public

14,24,501

Retail Max (Shares)

₹ 13,96,011

Pre Issue Promoters Holding

₹ 5,83,39,886

Exchange

BSE

Issue size

₹ 490 Cr

IPO Open Date

Sep 23, 2025

Close Date

Sep 25, 2025

Lot Size

42

Min Investment

₹ 13,986

Issue Type

Book Building

Listing Date

Sep 30, 2025

Solarworld Energy Solutions Ltd IPO Dates

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Sep 23, 2025
Opening date
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Sep 25, 2025
Closing date
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Sep 26, 2025
Basis of Allotment
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Sep 29, 2025
Initiation of Refunds
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Sep 29, 2025
Credit of Shares
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Sep 30, 2025
Listing date

Details

SectorType
SectorEngineering - Turnkey Services
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Solarworld Energy Solutions Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations544.77501.02TBA
EBITDA117.9366.30TBA
PAT87.6448.70TBA
Total Assets474.90144.80TBA
Share Capital37.070.32TBA
Total Borrowings246.02124.72TBA
Operating Activities (Net Cash)87.8649.13TBA
Investing Activities (Net Cash)-2.122.69TBA
Financing Activities (Net Cash)246.02124.72TBA
Net Cashflow119.9040.50TBA

About Solarworld Energy Solutions Ltd

qOur Company was originally incorporated as Solarworld Energy Solutions Private Limited under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated July 17, 2013, issued by the Registrar of Companies, Delhi and Haryana at New Delhi (RoC). Subsequently, our Company was converted from a private company to a public company, pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on August 24, 2024, following which the name of our Company was changed to Solarworld Energy Solutions Limited and a certificate of incorporation consequent upon conversion to public limited company was issued by the RoC on September 23, 2024.

A typical EPC solar project covers design, civil works, equipment purchase and installation, and commissioning. However, with constrained returns, the scope of an EPC solar project has been evolved and now includes O&M services also. Most of the EPC players provide integrated and customised solutions as per the client requirements through a consultative approach. Favourable government initiatives, increased demand for clean and green energy, rooftop installations by C&I Consumers have provided impetus to solar installations.

We are engaged in providing solar energy solutions, specialising in engineering, procurement and construction (EPC) services for solar power projects. We commenced our operations in 2013, offering comprehensive, end to end and cost-effective solutions for the installation of solar power projects tailored to our customers' needs, which comprise public sector undertakings (PSUs) and commercial and industrial clients (C&I Clients). Our business operations are supported by our strong execution capabilities, which is demonstrated by the projects which have achieved their commercial operation date (Completed Projects) and our projects for which we have received orders or are currently under execution (Ongoing Projects). As on July 31, 2025, we have Completed Projects with a total capacity of 253.67 megawatts (MW) AC/ 336.17 MW DC, and Ongoing Projects with a capacity of 765 MW AC /994 MW DC for EPC and 325 MW/650 MWh for BESS.

Solarworld Energy Solutions Ltd Key Points

Strengths

Established track record and strong in-house execution capabilities for end-to-end solar EPC solutions.

Robust order book with favourable national policy support and visibility for future growth.

Strong financial performance driven by asset light business model.

Strong customer relationships built on reliable delivery of projects with a significant focus on quality.

Risk

For Fiscals 2025, 2024, and 2023, we derived 79.19%, 91.16%, and 87.98% of our revenue, respectively, from one of our key customers, SJVN Green Energy Limited. The loss of such key customer may materially and adversely affect our business, future prospects, and financial performance.

Our installation and construction activities are subject to cost overruns or delays or completion risks which may have an adverse impact on our operations.

We may be unable to accurately estimate costs under fixed-price EPC contracts. Any failure to accurately estimate costs or manage our supplier relationships, may increase our construction costs and working capital requirements which may have a material adverse effect on our financial condition, cash flow and results of operations.

Strategy

Invest in our manufacturing capabilities for solar modules, BESS and solar PV TopCon cell.

Grow our customer base by diversifying into new geographies and maintain relationships with our key customers and other stakeholders.

Exploring opportunities to expand our portfolio and scale our operations.

Establish strong research and development capabilities to drive innovation and technological advancement.

How To Apply for Solarworld Energy Solutions Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Solarworld Energy Solutions Ltd IPO?

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Solarworld Energy Solutions Ltd's IPO offers shares for up to 440 It begins on Sep 23, 2025 and ends on Sep 25, 2025.

What is the price of the Solarworld Energy Solutions Ltd IPO?

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The price of Solarworld Energy Solutions Ltd IPO ranges between ₹333 to ₹351 per share.

What are the open and close dates for the Solarworld Energy Solutions Ltd IPO?

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The Solarworld Energy Solutions Ltd IPO opens on Sep 23, 2025 and closes on Sep 25, 2025.

When will the Solarworld Energy Solutions Ltd IPO be allotted?

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The allotment for the Solarworld Energy Solutions Ltd IPO will be finalised on Sep 26, 2025. The shares will be listed on BSE and NSE on Sep 30, 2025.

What is the minimum lot size required for Solarworld Energy Solutions Ltd IPO?

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The minimum lot size for Solarworld Energy Solutions Ltd IPO is 42 shares, priced between ₹333 to ₹351 per share.

What is the GMP of Solarworld Energy Solutions Ltd IPO?

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The GMP (Grey Market Premium) of Solarworld Energy Solutions Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Solarworld Energy Solutions Ltd IPO?

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To check the allotment status of Solarworld Energy Solutions Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Solarworld Energy Solutions Ltd IPO getting listed?

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The Solarworld Energy Solutions Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 23, 2025, and closes on Sep 25, 2025. The allotment is finalised on Sep 26, 2025.

How do you apply for the Solarworld Energy Solutions Ltd IPO?

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To apply for the Solarworld Energy Solutions Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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