Solarworld Energy Solutions Ltd IPO
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Solarworld Energy Solutions Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 139.6 L | ₹ 14.25 L | ₹ 13.96 L | ₹ 583.4 L | BSE | ₹ 490 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Sep, 25 | 25 Sep, 25 | 42 | ₹ 13,986 | Book Building | 30 Sep, 25 |
Solarworld Energy Solutions Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering - Turnkey Services |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 29.69x | 10470085 | 310905126 |
| NII | 68.23x | 2094017 | 142864596 |
| Retail | 51.81x | 1396011 | 72326058 |
| Employee | 0x | 0 | 0 |
| Total | 37.69x | 13960113 | 526095780 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Solarworld Energy Solutions Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 544.77 | 501.02 | TBA |
| EBITDA | 117.93 | 66.30 | TBA |
| PAT | 87.64 | 48.70 | TBA |
| Total Assets | 474.90 | 144.80 | TBA |
| Share Capital | 37.07 | 0.32 | TBA |
| Total Borrowings | 246.02 | 124.72 | TBA |
| Operating Activities (Net Cash) | 87.86 | 49.13 | TBA |
| Investing Activities (Net Cash) | -2.12 | 2.69 | TBA |
| Financing Activities (Net Cash) | 246.02 | 124.72 | TBA |
| Net Cashflow | 119.90 | 40.50 | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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 IPO 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.
- 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.
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.
