| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹490.00 Cr |
| Fresh Issue | ₹440.00 Cr |
| Offer for Sale | ₹50.00 Cr |
| Face Value | โน5 Per Equity Share |
| Price Band | โน333.00-351.00 per share |
| BSE Code | 544532 |
| NSE Code | SOLARWORLD |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | SBI Capital Markets Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 42 shares and in multiples thereof
Incorporated in 2013, SolarWorld Energy Solutions Limited, is a solar energy solutions provider specializing in engineering, procurement, and construction (EPC) services for solar power projects.
Business Models:
The company offers solar solutions through two models:
On May 14, 2024, SolarWorld Energy Solutions Limited entered into an equity cooperation agreement with ZNSHINE PV-Tech Co. Ltd., a Bloomberg NEF tier-1 solar panel supplier from China. This partnership aims to establish a solar panel manufacturing facility.
The company's customer base includes SJVN Green Energy Limited, Haldiram Snacks Private Limited, Ethnic Food Manufacturing Private Limited, and Samiksha Solarworld Private Limited.
As of July 31, 2025, the company had 277 employees.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Investment in the Subsidiary, KSPL for partfinancing the establishment of the Pandhurana Project | 420.00 |
| 2 | General corporate purposes | 101.68 |
| Total | 521.68 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 598.02 | 155.02 | 120.43 |
| Total Income | 551.09 | 505.50 | 235.05 |
| Profit After Tax | 77.05 | 51.69 | 14.84 |
| EBITDA | 106.75 | 71.09 | 22.88 |
| NET Worth | 309.07 | 73.60 | 21.91 |
| Reserves and Surplus | 272.00 | 73.28 | 21.59 |
| Total Borrowing | 114.55 | 61.10 | 64.67 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 40.27% |
| ROCE | 54.53% |
| Debt / Equity | 0.37% |
| RoNW | 40.27% |
| PAT Margin | 14.14% |
| EBITDA Margin | 19.60% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 10.39 | 8.89 |
| P/E (x) | 33.77 | 39.48 |
| Promoter Holding | 78.7% | 65.67% |
| Market Cap | โน3042.21 Cr. | |