Solarworld Energy Solutions’ ₹490 crore IPO was comprised of a fresh issue of ₹440 crore and an offer for sale (OFS) of ₹50 crore. The price band for the issue was set between ₹333 and ₹351 per share, with a lot size of 42 shares. The IPO was managed through a book-building process by Nuvama Wealth Management and SBI Capital Markets, while MUFG Intime India served as the registrar. The shares are proposed to list on NSE and BSE on September 30, 2025.
As the Solarworld Energy Solutions IPO closes for subscription today, the basis of allotment is expected to be finalized tomorrow, Friday, September 26, 2025. The credited shares are likely to reflect in demat accounts by Monday, September 29, 2025, with the IPO set to list on both BSE and NSE on Tuesday, September 30, 2025.
The issue has seen strong demand, led primarily by retail investors and non-institutional investors (NIIs), who oversubscribed their respective categories by 27.29 times and 22.69 times. Qualified institutional buyers (QIBs) placed the lowest bids but still oversubscribed their category by 2.31 times, showcasing healthy overall investor interest in the offering.
The table below breaks down the Solarworld Energy Solutions Ltd. share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Category | Shares Offered | Size (%) |
| Anchor Investor | 62,82,051 | 31.03% |
| QIB | 1,04,70,085 | 51.72% |
| NII (Non-Institutional Investors) | 20,94,017 | 10.34% |
| – bNII (Bids above ₹10L) | 13,96,011 | 6.90% |
| – sNII (Bids below ₹10L) | 6,98,006 | 3.45% |
| Retail | 13,96,011 | 6.90% |
| Total | 2,02,42,164 | 100% |
| Investor Category | Subscription (Times) |
| Anchor Investors | 1.00 |
| QIB (Ex Anchor) | 74.24 |
| Non-Institutional Buyers | 68.19 |
| Retail Investors | 51.49 |
| Total | 68.45 |
Note: The subscription details are as of September 25, 2025.
Founded in 2013, the company specialises in delivering comprehensive solar energy solutions, focusing on engineering, procurement, and construction (EPC) of solar power projects. It serves public sector undertakings and commercial and industrial clients, offering end-to-end services.
As of July 31, 2025, it has completed projects with a total capacity of 253.67 MW AC/336.17 MW DC and is currently executing projects 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 models: CAPEX, where it delivers turnkey projects transferred to the customer, and RESCO, where it owns and operates projects, selling power through long-term PPAs. It also offers integrated Operations & Maintenance services.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 25, 2025, 5:09 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
