IPO Details
Bidding Dates
23 Sept 25 - 25 Sept 25
Price Range ₹
333 - 351
Total Equity
₹ 0.00Cr
Lot Size
42
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
49.15×
Qualified Institutional Buyers
70.43×
Employees
0.00×
Retail Investors
49.15×
Total subscription Rate
65.01×
IPO Timeline
Offer start
23 Sept 2025
Offer end
25 Sept 2025
Allotment
26 Sept 2025
Refund initiation
29 Sept 2025
Demat transfer
29 Sept 2025
Listing
30 Sept 2025
Offer start
23 Sept 2025
Offer end
25 Sept 2025
Allotment
26 Sept 2025
Refund initiation
29 Sept 2025
Demat transfer
29 Sept 2025
Listing
30 Sept 2025
About Company
SolarWorld Energy Solutions Limited, incorporated in 2013, is a prominent solar energy solutions company specializing in engineering, procurement, and construction (EPC) services for solar power projects. The company operates through two main business models: the Capital Expenditure (CAPEX) model, where customers own the solar projects post-installation, and the Renewable Energy Service Company (RESCO) model, which allows customers to adopt solar power without upfront investment, thus easing their transition to clean energy.In May 2024, SolarWorld partnered with ZNSHINE PV-Tech Co. Ltd., a tier-1 Bloomberg NEF solar panel supplier from China, to establish a solar panel manufacturing facility, aiming to strengthen its position in the solar supply chain. The company's clientele includes reputed firms such as SJVN Green Energy Limited, Haldiram Snacks Private Limited, and others. As of July 31, 2025, it employs 277 professionals.
Year Founded
17-07-2013
Promotor Details
Rini Chordia
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 82.16 | 0 |
| Share Capital | 58339886 | 0 |
Highlights
- Strong track record with robust in-house execution capabilities for comprehensive solar EPC solutions.
- Asset-light business model driving strong financial performance.
- Established long-term customer relationships built on reliable project delivery and quality focus.
- Experienced management and skilled personnel with deep industry expertise.
- Strategic partnerships and expansion into solar panel manufacturing enhance market positioning.
Challenges
- Geographic revenue concentration risk (mainly UP, Gujarat)
- Dependence on government and large corporate clients
- Competitive market with rapidly evolving technology
- Rising borrowings could pressure financial health
- Regulatory risks in solar sector policies
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 671.56 | 3.20 | 21.95 | 21.95 | 0.3396 |
| 2023 | 1,199.60 | 3.20 | 148.36 | 148.36 | 2.2952 |
| 2025 | 5,931.61 | 370.69 | 770.48 | 770.48 | 10.3925 |
| 2024 | 1,540.03 | 3.20 | 516.91 | 516.91 | 7.9968 |
