Noida: Solarworld Energy Solutions Limited has announced that its Initial Public Offering (Solarworld Energy Solutions IPO), valued at ₹490 crore, will open for subscription on Tuesday, September 23, 2025, and close on Thursday, September 25, 2025.
The Anchor Investor Bidding Date is set for Monday, September 22, 2025.
Solarworld Energy Solutions IPO: Price Band and Bid Details
The Solarworld Energy Solutions IPO has fixed its price band at ₹333 to ₹351 per equity share, each with a face value of ₹5. Bids can be placed for a minimum of 42 equity shares and in multiples of 42 shares thereafter.
Also Read: Searches for Solar Panel Dealers in India Surge 173 Per Cent YoY
Offer Structure of Solarworld Energy Solutions IPO
The ₹490 crore issue consists of a fresh issue aggregating up to ₹440 crore and an Offer for Sale (OFS) of shares worth ₹50 crore by promoter selling shareholder Pioneer Facor IT Infradevelopers Private Limited.
Prior to this, the company raised ₹1,100 million through a Pre-IPO placement completed on November 9, 2024.
Utilisation of Proceeds from Solarworld Energy Solutions IPO
The company intends to utilise the net proceeds from the fresh issue, along with pre-IPO funds, for investment in its subsidiary Kartik Solarworld Private Limited (KSPL).
Also Read: Innovative Projects StartUp Challenge Launched for Rooftop Solar and DRE Technologies
This investment will support part-financing of a 1.2 GW solar PV TopCon Cell manufacturing facility at Pandhurana in Madhya Pradesh, while the balance will be allocated for general corporate purposes.
Listing and Lead Managers of Solarworld Energy Solutions IPO
The equity shares offered under the Solarworld Energy Solutions IPO will be listed on BSE and NSE. Nuvama Wealth Management Limited and SBI Capital Markets Limited are acting as the Book Running Lead Managers (BRLMs) for the issue.
The offer is being made through a Red Herring Prospectus dated September 17, 2025, filed with the Registrar of Companies, Delhi and Haryana.
