Solarworld Energy Solutions IPO Upcoming
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About Solarworld Energy Solutions
Solarworld Energy Solutions Limited is a provider of renewable energy solutions for India’s commercial and industrial sectors. Known for its expertise in solar EPC, the company has delivered over 500 MW of operational capacity and is currently building 700 MW more, with a goal of reaching 5 GW by 2028. Trusted by top names like SGEL, Haldiram, and Moon Beverages, Solarworld is now expanding into advanced solar modules, Battery Energy Storage Systems (BESS), and solar cell manufacturing to support India’s 500 GW renewable energy target by 2030.
Financials of Solarworld Energy Solutions
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹600 crores |
| Fresh Issue | ₹550 crores |
| Offer for sale | ₹50 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure of subsidiary | 559 crores |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Proven solar EPC expertise with strong in-house capabilities.
- Robust order book supported by growth-friendly policies.
- Solid financials driven by efficient operations.
- Expanding presence, retaining clients, diversifying product offerings.
- Investing in R&D for innovation and tech advancement.
Risks
- Fixed-price contracts may lead to cost overruns and lower margins.
- Dependence on few clients or projects risks revenue volatility.
- High working capital and receivables pressure liquidity.
- Reliance on vendors or subcontractors affects supply and quality.
- Growth tied to supportive policies and government approvals.