Solarworld Energy Solutions IPO: The initial public offering (IPO) of Solarworld Energy Solutions Ltd closed its third day of bidding today, September 25, with the issue subscribed over 65.01Â times, as per provisional exchange data. The solar energy solutions provider aims to raise Rs 490 crore through a fresh issue of Rs 440 crore and an Offer for Sale (OFS) of Rs 50 crore.Â
Solarworld Energy Solutions IPO subscription status:
Investors bid for 52.60 crore shares against the total of 80.93 lakh shares on offer. Out of which, Non-Institutional Investors (NIIs) bid 64.73 times, and Retail Individual Investors (RIIs) bid 49.15 times, while the Qualified Institutional Buyers (QIBs) portion bid 70.43 times in today’s session.Â
In simpler terms, QIBs bid for 31.09 crore shares against the 44.14 lakh shares reserved, NIIs bid for 14.28 crore shares against 22.07 lakh shares allotted, and RIIs bid for 7.23 crore shares against the 14.71 lakh shares reserved.
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Solarworld Energy Solutions IPO details:
The IPO is a book-built issue of Rs 490 crore, which includes a fresh issue of Rs 440 crore and an Offer for Sale (OFS) of Rs 50 crore.
Price band: Rs 333 to Rs 351 per equity share
Subscription period: September 23 to September 25
Minimum investment: Rs 14,742 for 42 shares
Allotment date: September 26, 2025
Listing date: September 30, 2025, on BSE and NSE
Company profile:
Solarworld Energy Solutions Limited specialises in Engineering, Procurement, and Construction (EPC) services for solar power projects. It offers end-to-end solutions for both public sector and commercial & industrial clients.
The company reported a 9 per cent increase in revenue from Rs 505.50 crore in FY24 to Rs 551.09 crore for FY25. The Profit After Tax (PAT) stood at Rs 77.05 crore for FY25, from Rs 51.69 crore in FY24.
