22 September 2025
3 mins read
SolarWorld Energy Solutions Limited, incorporated in 2013, provides solar energy solutions with a focus on engineering, procurement, and construction (EPC) services for solar power projects. The company operates through two main business models. The Capital Expenditure (CAPEX) model delivers end-to-end project solutions, covering design, installation, setup, and commissioning, with project ownership retained by the customer. The Renewable Energy Service Company (RESCO) model allows businesses to adopt solar power without upfront investment, helping them manage costs while reducing their carbon footprint. Over the years, SolarWorld has developed a diverse customer base, including SJVN Green Energy Limited, Haldiram Snacks Private Limited, Ethnic Food Manufacturing Private Limited, and Samiksha Solarworld Private Limited.
In May 2024, the company entered into an equity cooperation agreement with ZNSHINE PV-Tech Co. Ltd., a Bloomberg NEF tier-1 solar panel supplier from China, aiming to establish a solar panel manufacturing facility. As of July 31, 2025, SolarWorld employed 277 professionals, reflecting steady growth in operations. The upcoming IPO presents an opportunity for investors to engage with India’s expanding solar energy sector, supporting the company’s plans to strengthen its manufacturing capabilities and extend its EPC services nationwide.
For more details, visit the Solarworld Energy Solutions IPO page.
Details | Information |
IPO Date | September 23, 2025 to September 25, 2025 |
Issue Size | 1,39,60,113 shares (aggregating up to ₹490.00 Cr) |
Price Band | ₹333 to ₹351 per share |
Lot Size | 42 shares |
Listing At | NSE BSE |
Investment in the Subsidiary, KSPL for partfinancing the establishment of the Pandhurana Project
General corporate purposes
Event | Date |
|---|---|
IPO Open Date | Tue, Sep 23, 2025 |
IPO Close Date | Thu, Sep 25, 2025 |
Tentative Allotment | Fri, Sep 26, 2025 |
Initiation of Refunds | Mon, Sep 29, 2025 |
Credit of Shares to Demat | Mon, Sep 29, 2025 |
Tentative Listing Date | Tue, Sep 30, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
₹333 to ₹351 per share
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 42 | ₹14,742 |
Retail (Max) | 13 | 546 | ₹1,91,646 |
S-HNI (Min) | 14 | 588 | ₹2,06,388 |
S-HNI (Max) | 67 | 2,814 | ₹9,87,714 |
B-HNI (Min) | 68 | 2,856 | ₹10,02,456 |
Log in to Your Trading Account
Access your trading account through your broker’s platform.
Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Select Solarworld Energy Solutions IPO
Find "Solarworld Energy Solutions IPO" and click on the ‘Apply’ button.
Enter Application Details
Specify the number of lots (minimum lot size: 42 shares) and the bid price within the range of ₹333 to ₹351 per share.
Provide Your UPI ID
Enter your UPI ID for payment authorization. Ensure that sufficient funds are available in your linked account.
Review and Submit
Verify all the details entered before submitting the application. Approve the UPI mandate before 5 PM on September 25, 2025, to complete your application process.
Additional Read- How to Apply for the Solarworld Energy Solutions IPO?
Total Assets: Grew from ₹120.43 crore in FY24 to ₹598.02 crore as of March 2025.
Total income: Reached ₹551.09 crore in FY25.
Profit After Tax (PAT): Stood at ₹77.05 crore for March 2025.
Net Worth: Recorded at ₹309.07 crore in FY25.
Total Borrowing: Recorded at ₹114.55 crore (March 2025), growing steadily over the years.
EBITDA: Stood at ₹106.75 crore in March 2025.
Asset Expansion: The company has expanded its asset base considerably, reflecting growth in operations and enhanced capacity to undertake projects.
Revenue Growth: Total income has increased steadily, indicating rising demand for the company’s solar energy solutions and consistent project execution.
Profitability Trends: Profit after tax has strengthened, showing effective cost management and operational efficiency.
Net Worth Improvement: The company’s net worth has grown, suggesting a solid financial position and ability to support expansion initiatives.
Borrowing Patterns: Borrowings have increased gradually, indicating measured leveraging to fund growth and operational requirements.
Operational Efficiency: EBITDA has improved, reflecting streamlined operations and sustained business performance.
Future Prospects: With a strengthened financial foundation and expanding operations, the company is positioned to pursue upcoming opportunities in the solar energy sector.
Market Dependence: The company operates in the solar energy sector, which is influenced by regulatory changes, government policies, and shifts in energy demand. Any adverse change could impact business performance.
Project Execution Risks: As an EPC service provider, the company’s growth relies on timely completion of projects and effective management of partnerships, including reliance on suppliers for solar panels and other components.
Expansion in Solar Sector: With increasing adoption of solar energy and government support for renewable energy, the company has scope to expand its EPC services and manufacturing capabilities.
Strategic Partnerships: Collaboration with a tier-1 solar panel supplier and a growing customer base positions the company to undertake larger projects and explore new markets across India.
KPI | Values |
ROE | 40.27% |
ROCE | 54.53% |
Debt/Equity | 0.37 |
RoNW | 40.27% |
PAT Margin | 14.14% |
EBITDA Margin | 19.60% |
Registrar | Lead Manager(s) |
|---|---|
MUFG Intime India Pvt.Ltd. | Nuvama Wealth Management Ltd. |
Solarworld Energy Solutions Ltd.
501, Padma Palace, 86,
Nehru Place,
South Delhi,
New Delhi, New Delhi, 110019
Phone: 0120 4399946
Email: support@worldsolar.in
Website: http://www.worldsolar.in/
SolarWorld Energy Solutions Limited operates through EPC and RESCO models, providing solar energy solutions across multiple sectors. The company has developed a varied customer base and entered into a partnership with a tier-1 solar panel supplier to establish a manufacturing facility. Over the years, operations and workforce have grown, supporting ongoing project execution and expansion of services.
The upcoming IPO aims to raise funds for part-financing a subsidiary project and general corporate purposes. Financial metrics indicate steady growth in assets, revenue, and profitability, along with measured borrowing, reflecting the company’s operational and financial position in the solar energy sector.
Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Solarworld Energy Solutions IPO.
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The CEO of SolarWorld Energy Solutions Ltd is Kartik Teltia, who also serves as the Managing Director. He is a co-promoter of the company with significant experience in the solar industry and is responsible for the company's strategy and finance.
The IPO will open on September 23, 2025, and close on September 25, 2025.
SolarWorld Energy Solutions provides solar energy solutions through engineering, procurement, and construction (EPC) services. It operates under two models: CAPEX, where customers retain project ownership, and RESCO, where customers can adopt solar power without upfront investment. Its business model relies on project execution and partnerships for solar panel supply, which may influence operational consistency over time.
The IPO comprises 1,39,60,113 shares, aggregating up to ₹490 crore.
‘Pre-apply’ allows investors to submit application details in advance through their trading platform to streamline the IPO application process before the official opening.
After submitting the application and completing UPI authorization, investors can check their order status through their broker platform.
The minimum lot size is 42 shares, which is the minimum order quantity for retail investors.
The tentative allotment date is September 26, 2025.
The registrar for the IPO is MUFG Intime India Pvt. Ltd.
Based on available information, no specific governance issues or red flags have been reported regarding the company’s leadership or board structure.
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