Solarworld Energy Solutions’ INR 490 Crore IPO to Open for Subscription on September 23
Solarworld Energy Solutions is set to launch its INR 490 crore IPO on September 23, 2025, to fund its upcoming 1.2 GW solar PV TopCon cell facility in Madhya Pradesh.
September 18, 2025. By Mrinmoy Dey
The company will conduct an anchor investment bidding round on September 22. The company previously raised INR 110 crore through a pre-IPO placement, completed on November 9, 2024.
The price band for the IPO has been fixed at INR 333-351 per equity share. The subscription will close on September 25, 2025.
As per the RHP, at least 75 percent of the offer will be allocated to Qualified Institutional Buyers (QIB). Further, not more than 15 percent of the offer shall be available for allocation to Non-Institutional Investors. Not more than 10 percent of the Offer shall be available for allocation to Retail Individual Investors (RIIs).
The equity shares of the company will be listed on both BSE and NSE.
The proceeds from the fresh issue of Equity Shares and Pre-IPO proceeds will be invested in the company’s subsidiary, Kartik Solarworld, for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh. The balance amount will be used for general corporate purposes.
Nuvama Wealth Management and SBI Capital Markets are the Book Running Lead Managers for the IPO.
please contact: contact@energetica-india.net.
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