Solarworld Energy Solutions IPO
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Schedule of Solarworld Energy Solutions
| Issue open date | 23 Sep 2025 |
| Issue close date | 25 Sep 2025 |
| UPI mandate deadline | 25 Sep 2025 (5 PM) |
| Allotment finalization | 26 Sep 2025 |
| Refund initiation | 29 Sep 2025 |
| Share credit | 29 Sep 2025 |
| Listing date | 30 Sep 2025 |
| Mandate end date | 10 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 26 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹490 crores |
| Fresh Issue | ₹440 crores |
| Offer for sale | ₹50 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Investment in the Subsidiary, KSPL for part financing the establishment of the Pandhurana Project | 420 (95%) |
| General corporate purposes | 20 (5%) |
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.
Allotment Status for Solarworld Energy Solutions
To check your allotment status – click here.
Subscription Figures for Solarworld Energy Solutions
As per media reports (Link), the Grey Market Premium (GMP) of Solarworld Energy Solutions is reported at ₹66 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 23, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 41.88 | 0.08 | 0.00x |
| NII | 20.94 | 31.99 | 1.53x |
| Retail | 13.96 | 67.14 | 4.81x |
| Total | 76.78 | 99.22 | 1.29x |