The company, which began operations in 2013, specializes in providing solar energy solutions, particularly in the engineering, procurement, and construction (EPC) of solar power projects. It offers comprehensive, end-to-end solutions to its clients, who are primarily public sector undertakings and commercial and industrial clients.
As of July 31, 2025, the company has successfully completed projects with a total capacity of 253.67 megawatts (MW) AC/336.17 MW DC. Its ongoing projects have a capacity of 765 MW AC/994 MW DC for EPC and 325 MW/650 MWh for Battery Energy Storage Solutions (BESS).
The company operates under two distinct business models:
- CAPEX Model: Under this model, the company provides turnkey solutions, including the design, installation, and commissioning of solar projects. Ownership of the project is transferred to the customer.
- RESCO Model: In this model, the company installs, owns, and operates the solar projects. Customers are not required to make any capital investment and instead purchase the generated power at a fixed tariff through long-term Power Purchase Agreements (PPAs).
Additionally, the company provides Operations & Maintenance (O&M) services, which are included with a majority of its EPC projects to ensure the long-term performance and reliability of the solar assets.
Industry Outlook
- India is projected to add 170–180 GW of solar capacity between FY 2026–2030, driven by central schemes, state tenders, and PSU projects.
- Government initiatives such as ISTS charge waivers (until June 2025), the National Green Hydrogen Mission with an outlay of ₹19,744 crore, and aggressive tendering are accelerating the development of India’s solar power industry.
- India’s solar module exports rose sharply during FY 2023, driven by restrictions on Chinese products globally. This is further driving companies to strengthen their presence in the global renewable energy market.
How to Apply for the Solarworld Energy Solutions Ltd. IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Solarworld Energy Solutions Ltd. IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How to Check the Allotment Status of Solarworld Energy Solutions Ltd. IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Solarworld Energy Solutions Ltd. IPO
Registered office: 501, Padma Palace, 86, Nehru Place, South Delhi, New Delhi, New Delhi, 110019
Phone: 0120 4399946
E-mail: support@worldsolar.in
Solarworld Energy Solutions Ltd. IPO Reservation
|
Investor Category |
Shares Offered |
|
QIB Shares Offered |
Not less than 75% of the Offer |
|
Retail Shares Offered |
Not more than 10% of the Issue |
|
NII Shares Offered |
Not more than 15% of the Offer |
Solarworld Energy Solutions Ltd. IPO Lot Size Details
|
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 |
Solarworld Energy Solutions Ltd. IPO Promoter Holding
The company promoters include Kartik Teltia, Rishabh Jain, Mangal Chand Teltia, Sushil Kumar Jain, and Anita Jain.
|
Promoter Holding |
Percentage |
|
Pre-Issue |
78.70% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Solarworld Energy Solutions Ltd. Limited
|
KPI |
Value |
|
ROE |
40.27% |
|
ROCE |
54.53% |
|
Debt/Equity |
0.37 |
|
PAT Margin |
14.14% |
|
EBITDA Margin |
19.60% |
Solarworld Energy Solutions Ltd. IPO Prospectus
Solarworld Energy Solutions Ltd. IPO Registrar and Lead Managers
Solarworld Energy Solutions Ltd. IPO Lead Managers
- Nuvama Wealth Management Ltd.
Registrar for Solarworld Energy Solutions Ltd. IPO
MUFG Intime India Pvt.Ltd.
- Contact Number: +91-22-4918 6270
- Email Address: solarworld.ipo@in.mpms.mufg.com
Solarworld Energy Solutions Ltd. IPO Registrar- https://linkintime.co.in/Initial_Offer/public-issues.html
Financial Performance of Solarworld Energy Solutions Ltd. Limited
| Particulars | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Revenue from Operations (₹ in million) | 5,447.65 | 5,010.16 | 2,324.61 |
| EBITDA (₹ in million) | 1,067.47 | 710.93 | 228.76 |
| Profit After Tax (PAT) (₹ in million) | 770.48 | 516.91 | 148.36 |
| Order Book (₹ in million) | 17,005.51 | 8,130.41 | 5,350.06 |
Know before investing
Strengths
8Strong in-house execution capabilities for end-to-end solar EPC solutions.
Experienced team with a proven track record of completing diverse projects.
cts. Its order book grew 4.7 times to ₹25,278 million between 2023 and 2025.
The company has received government orders worth ₹39,816 million.
Revenue and PAT surged by 53% and 128%, respectively, between 2023 and 2025.
60% of total solar orders were from repeat customers, showcasing trusted project delivery.
Experienced leadership team drives innovation, execution, and growth in solar power projects.
The company is expanding its customer base through geographic diversification.
Risks
8Heavy reliance on key customers poses significant risk to revenue stability.
Risk of cost overruns and delays may negatively impact project profitability.
Inaccurate cost estimates under fixed-price contracts may cause significant financial losses.
Heavy geographic concentration in Uttar Pradesh risks exposure to regional economic fluctuations.
Past negative operating cash flows may continue, impacting financial stability and operations.
Failure to meet EPC guarantees or delays could cause financial penalties and losses.
Supply failures or quality defects may delay projects and increase costs significantly.
Strong competition may limit bid wins, hindering growth and financial performance.
Solarworld Energy Solutions Ltd. Limited Peer Comparison
| Name of Company | Revenue from Operation (₹ in million) | NAV (₹ per share) | RoNW (%) | EPS (₹) - Basic |
|---|---|---|---|---|
| Solarworld Energy Solutions Limited | 5,447.65 | 41.69 | 40.27 | 10.68 |
| Sterling & Wilson Renewable Energy Limited | 63,018.60 | 42.59 | 8.78 | 3.49 |
| Green Energy Limited | 17,354.54 | 133.57 | 18.77 | 16.23 |
| Waaree Renewable Technologies Limited | 15,977.48 | 43.64 | 65.29 | 22.00 |
| Oriana Power Limited | 9,871.66 | 254.75 | 47.59 | 79.52 |
