243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Solarworld Energy Solutions Limited

New Delhi

Date of DRHP : 29 Sep 2024

Issue Type : Book Building Process

IPO Type :
MainBoard IPO

Solarworld Energy Basic Details

   Solar - Energy

Sub Sector: solar energy solutions provider, specialising in engineering, procurement and construction (“EPC”) services

About the Company

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.

Financial Summary (Annualised Basis)

Revenue :
505.50 Cr.

PAT :
51.69 Cr.

Solarworld Energy IPO Registrar

Link Intime India Private Limited

Solarworld Energy DRHP Details

Objects of issue

  • Investment in their Subsidiary, Kartik Solarworld Private Limited (“KSPL”) for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh, India (the “Pandhurana Project”); and
  • General corporate purposes.

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FAQs

Solarworld Energy Solutions operates in Solar - Energy and solar energy solutions provider, specialising in engineering, procurement and construction (“EPC”) services. The Issue would be listed on MainBoard. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Solarworld Energy Solutions is Book Building Process and Object of issue is

  • Investment in their Subsidiary, Kartik Solarworld Private Limited (“KSPL”) for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh, India (the “Pandhurana Project”); and
  • General corporate purposes.

The DRHP (Draft Red Herring Prospectus) of Solarworld Energy Solutions IPO was filed on 29 Sep 2024.

No, Solarworld Energy Solutions IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Solarworld Energy Solutions are not available now. You can apply in Solarworld Energy Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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