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15 Days Price Change

Solarworld Energy So IPO

Closing In

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WEBSITE Inc. Year: 2013 Industry: Engineering - Construction Listed Page

Profile
Issue Size 284.07 Cr
Profile
Price Range 333  to  351 per share
Profile
Min Investment ₹351
Profile
Lot Size 1
Profile
Face Value ₹5
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are 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. We commenced our operations in 2013, offering comprehensive, end to end and cost-effective solutions for the installation of solar power projects tailored to our customers' needs, which comprise public sector undertakings (“PSUs”) and commercial and industrial clients (“C&I Clients”). Our business operations are supported by our strong execution capabilities, which is demonstrated by the projects which have achieved their commercial operation date (“Completed Projects”) and our projects for which we have received orders or are currently under execution (“Ongoing Projects”). As on August 31, 2024, we have 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. Read More

Basic Info

Face Value 5 per share

Price 333  to  351 per share

P/E (x) 32.8

Sales( Cr.) 545

PAT( Cr.) 77

EPS 10.7

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Pioneer Facor IT Infradevelopers Pvt Ltd. Pioneer Securities Pvt Ltd. Pioneer Fincap Pvt Ltd. Kartik Teltia Rishabh Jain Mangal Chand Teltia Sushil Kumar Jain Anita Jain

Pre Issue Share Holding 78.7%

Post Issue Share Holding 65.67%

Listing Details:

Listing Price: 389

Listing Gain: 9.77%

Current Price: 209.8

Gain On Issue: 209.8 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 23, 2025
Closing Date Sep 25, 2025
Allotment Sep 26, 2025
Refund Sep 29, 2025
Delivery of Shares Sep 29, 2025
Listing Date Sep 30, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 42 14,742
Retail (Max) 13 546 191,646
S-HNI (Min) 14 588 206,388
S-HNI (Max) 67 2814 987,714
B-HNI (Min) 68 2856 1,002,456

Objective of the Issue

1. Investment in our 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”) 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 4414414 310905126 70.4x
NII 2207207 142864596 64.7x
Retail 1471471 72326184 49.2x
EMP 0 0 0x
Total 8093092 526095906 65x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Solarworld Energy So Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 28 232 501 545
Other Income 4 3 4 6
Total Income 32 235 506 551
Total Expenditure 26 211 432 436
Operating Profit 6 24 73 116
Interest 4 6 7 6
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 -2
Profit Before Tax 2 19 68 107
Provision for Tax 0 4 17 30
Profit After Tax 2 15 52 77
Adjustments 0 0 0 0
Profit After Adjustments 2 15 52 77
Adjusted Earnings Per Share 0.3 2.3 8 10.4

Solarworld Energy So Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 7 22 74 309
Minority's Interest 0 0 0 0
Borrowings 10 17 16 64
Other Non-Current Liabilities -0 -0 -1 -4
Total Current Liabilities 50 81 65 224
Total Liabilities 67 120 154 593
Fixed Assets 0 1 2 37
Other Non-Current Assets 8 7 9 121
Total Current Assets 59 111 144 435
Total Assets 67 120 154 593

Solarworld Energy So Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 2 4 20
Cash Flow from Operating Activities -4 -7 7 54
Cash Flow from Investing Activities -19 3 19 -273
Cash Flow from Financing Activities 21 6 -10 210
Net Cash Inflow / Outflow -1 3 16 -9
Closing Cash & Cash Equivalent 2 4 20 11

Solarworld Energy So Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.34 2.3 8 10.39
CEPS(Rs) 0.37 2.33 8.06 10.42
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 1.09 3.39 11.39 41.64
Core EBITDA Margin(%) 7.07 9.24 13.74 20.05
EBIT Margin(%) 24.69 10.86 15 20.71
Pre Tax Margin(%) 8.74 8.32 13.65 19.57
PAT Margin (%) 7.9 6.38 10.32 14.14
Cash Profit Margin (%) 8.63 6.48 10.4 14.19
ROA(%) 3.27 15.86 37.74 20.62
ROE(%) 31.07 102.4 108.25 40.3
ROCE(%) 11.54 34.56 67.92 40.42
Receivable days 140.38 24.5 18.48 58.44
Inventory Days 20 2.39 1.37 1.44
Payable days 65.26 14.61 11.24 39.81
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 1.47 0.2 0.04 0.05
EV/Core EBITDA(x) 6.73 1.97 0.29 0.21
Net Sales Growth(%) 0 736.55 115.53 8.73
EBIT Growth(%) 0 267.76 197.79 50.15
PAT Growth(%) 0 575.9 248.42 49.06
EPS Growth(%) 0 575.85 248.41 29.96
Debt/Equity(x) 7.42 2.95 0.83 0.37
Current Ratio(x) 1.18 1.37 2.2 1.94
Quick Ratio(x) 1.15 1.35 2.17 1.94
Interest Cover(x) 1.55 4.27 11.08 18.11
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 169% 0% 0%
Operating Profit CAGR 59% 168% 0% 0%
PAT CAGR 48% 238% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 40% 84% 71% 71%
ROCE Average 40% 48% 39% 39%

Company Contact Information

Solarworld Energy Solutions Ltd.

Varsha Bharti

0120 4399946

support@worldsolar.in

IPO Lead Manager(s)

Solarworld Energy Solutions Ltd.

Nuvama Wealth Management Ltd.

SBI Capital Markets Ltd

Registrar Info

Solarworld Energy Solutions Ltd.

MUFG Intime India Pvt Ltd.

C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai Mumbai City Maharashtra 400083

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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