About Solarworld Energy Solutions:
The company provides solar energy solutions with a focus on engineering, procurement, and construction (EPC) services for solar power projects. Established in 2013, it offers end-to-end, cost-effective installation solutions tailored to public sector undertakings (PSUs) and commercial and industrial (C&I) clients. Strong execution capabilities are reflected in both completed and ongoing projects. As of July 31, 2025, the company had completed projects with a total capacity of 253.67 MW AC/336.17 MW DC and ongoing projects totaling 765 MW AC/994 MW DC for EPC and 325 MW/650 MWh for BESS.
About the Industry in which Solarworld Energy Solutions operates:
A typical EPC solar project involves design, civil works, equipment procurement, installation, and commissioning. Over time, due to constrained returns, the scope has expanded to include operations and maintenance (O&M) services. Most EPC players now deliver integrated, customized solutions tailored to client needs through a consultative approach. The sector’s growth is further supported by favorable government initiatives, rising demand for clean and renewable energy, and the increasing adoption of rooftop solar installations by commercial and industrial (C&I) consumers, driving momentum in solar deployment.
| Important Information and Timelines of the IPO of Solarworld Energy Solutions: | |
|---|---|
| Open Date | 23 September 2025 |
| Close Date | 25 September 2025 |
| Total Issue Size – Number of Shares | 13960113 |
| Minimum Bid Price | 333 |
| Maximum Bid Price | 351 |
| Lot Size | 42 |
| Basis of Allotment | 26 September 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 29 September 2025 |
| Listing Date | 30 September 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Solarworld Energy Solutions:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 42 | 14742 |
| Retail – Maximum | 13 | 546 | 191646 |
| sHNI – Minimum | 14 | 588 | 206388 |
| sHNI – Maximum | 67 | 2814 | 987714 |
| bHNI – Minimum | 68 | 2856 | 1002456 |
Objective of the IPO of Solarworld Energy Solutions:
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Investment in our Subsidiary, Kartik Solarworld Private Limited for part-financing the establishment of a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh, India
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General corporate purposes
Financials of Solarworld Energy Solutions:
| Particulars | March 31, 2025 | March 31, 2024 | March 31, 2023 |
|---|---|---|---|
| Share capital (₹) | 370.69 | 3.20 | 3.20 |
| Net worth (₹) | 3,090.66 | 735.95 | 219.12 |
| Revenue from operations (₹) | 5,447.65 | 5,010.16 | 2,324.61 |
| Total Income (₹) | 5,510.85 | 5,055.02 | 2,350.52 |
| Restated profit / (loss) after tax (₹) | 770.48 | 516.91 | 148.36 |
| Restated earnings / (loss) per share (₹) - Basic | 10.68 | 8.00 | 2.30 |
| Restated earnings / (loss) per share (₹) - Diluted | 10.68 | 8.00 | 2.30 |
| Return on Net Worth for equity shareholders (%) | 40.27% | 108.25% | 102.40% |
| Net asset value per Equity Share (₹) | 41.69 | 11.39 | 3.39 |
| Total Borrowings (₹) | 1,145.54 | 611.04 | 646.66 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Solarworld Energy Solutions. You will receive a UPI mandate after 10:00 AM on 23 September 2025.
###1. How to apply for the IPO of Solarworld Energy Solutions on Dhan?
You can apply for the IPO of Solarworld Energy Solutions from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Solarworld Energy Solutions be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 29 September 2025. However, you will be able to see the shares of Solarworld Energy Solutions on Dhan before the market starts on the listing date which is 30 September 2025.