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Between fiscals 2024 and 2030, India’s per capita electricity consumption is expected to grow at ~2.3-2.9% CAGR.
As per CEA India’s installed power capacity is expected to reach 609.6 GW by fiscal 2027 and increase to 900 GW by fiscal 2032, from its current capacity of ~490 GW in July 2025 and projected growth in global installed capacity base in solar PV over CY24-30 at 18.4%
Urbanization is one of the big growth drivers, as it leads to rapid infrastructure development, job creation, development of modern consumer services, and mobilisation of savings.
Investments in generation, transmission, and distribution infrastructure
Government of India initiatives for Renewable like Energy growt Scheme for Development of Solar Parks and Ultra-mega Solar Power Projects, PM-KUSUM Scheme to promote small Grid Connected Solar Energy Power Plant etc.
Export segment opening for Indian players creating opprtunities for manufactureres
Improving availability of finance at low cost
| Revenue | ₹501.02 cr | ₹544.76 cr (+8.73%) | |
| PAT | ₹51.69 cr | ₹76.66 cr (+48.31%) | |
| PAT Margin | 10.32 % | 14.07 % (+36.34%) | |
| EBITDA | ₹71.09 cr | ₹113.05 cr (+59.02%) | |
| EBITDA Margin | 14.19 % | 20.75 % (+46.23%) | |
| ROE | 70.23 % | 24.80 % (-64.69%) | |
| ROCE | 92.06 % | 54.54 % (-40.76%) | |
| D/E | 0.83 | 0.37 (-55.42%) |
Solarwolrd Energy Solutions LImited offers EPC solutions through two distinct models namely the capital expenditure (“CAPEX”) model prodiding end-to-end solutions by designing, installing, setting up and commissioning the solar power projects and Renewable energy service (“RESCO”) model in which customers purchase the generated power at fixed tariffs agreed upon through long-term power purchase agreements (“PPAs”). They also provide operations and maintenance (“O&M”) services.
PE Ratio: 39.48x Average Sector PE Ratio: 30.27x
| QIB Shares Offered: | 10470085 |
| - Anchor Investor Shares Offered: | 6282051 |
| − QIB (Ex. Anchor) Shares Offered : | 4188034 |
| NII (HNI) Shares Offered: | 2094017 |
| - bNII > ₹10L: | 1396011 |
| - sNII < ₹10L: | 698006 |
| Retail Shares Offered: | 1396011 |
| Total Shares Offered: | 13960113 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14742 |
| Retail (Max) | 42 | 546 | ₹191646 |
| S-HNI (Min) | 14 | 588 | ₹206388 |
| S-HNI (Max) | 67 | 2814 | ₹987714 |
| B-HNI (Min) | 68 | 2856 | ₹1002456 |
Avg IPO Size (Sector Based):
₹ 1,887.50 cr.
Average Sector PE Ratio:
30.27 X
Listing Price:
₹ 388.50
Solarworld Energy Solutions is one of the leading solar energy solutions provider, specialising in engineering, procurement and construction (EPC) services for solar power projects in terms of revenue from EPC business for Fiscal 2024 as per CRISIL. Solarworld Energy Solutions commenced their operations in 2013, offering comprehensive, end to end and cost-effective solutions for the installation of solar power projects tailored to their customers' needs, which comprise public sector undertakings (PSUs) and commercial and industrial clients (C&I Clients). Solarworld Energy Solutions business operations are supported by their strong execution capabilities, which is demonstrated by the projects which have achieved their commercial operation date (Completed Projects) and their projects for which Solarworld Energy Solutions have received orders or are currently under execution (Ongoing Projects). As on August 31, 2024, the company has Completed Projects with a total capacity of 253.67 megawatts (MW) AC/ 336.17 MW DC, and Ongoing Projects with a cumulative capacity of 420 MW AC / 592 MW DC. their solutions are designed to strengthen their customers sustainable energy infrastructure, supporting their decarbonization efforts and driving energy efficiency improvements. Solarworld Energy Solutions offer these solutions through two distinct models namely the capital expenditure (CAPEX) model and the renewable energy service company (RESCO) model.
Under the CAPEX and RESCO models, the company offers operations and maintenance (O&M) services tailored to customer requirements. These services are structured to deliver forward-integrated, full life-cycle support, ensuring sustained performance and reliability of solar power systems. As of March 31, 2025, approximately 95% of the company's EPC projects include bundled O&M services, typically spanning a duration of two to five years.
Nuvama Wealth Management Limited, based in Mumbai is the Lead Manager (BRLM) of Solarworld Energy IPO. Nuvama Wealth Management Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Nuvama Wealth Management Limited .
SBI Capital Markets Limited, based in Mumbai is the Lead Manager (BRLM) of Solarworld Energy IPO. SBI Capital Markets Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of SBI Capital Markets Limited .
Solarworld Energy Solutions IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Solarworld Energy Solutions Financial Review Page
Merchant Banker(s) of Solarworld Energy Solutions IPO: Nuvama Wealth Management Limited , SBI Capital Markets Limited
Solarworld Energy Solutions IPO subscription was 68.49 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Solarworld Energy Solutions IPO listed at a listing price of 388.50 against the offer price of 351.00.
The current market price of Solarworld Energy Solutions is 298.60.
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