Solarworld Energy Solutions Lists at ₹389, Opens 11% Higher Than IPO Price

Mumbai, September 30, 2025 – Shares of Solarworld Energy Solutions IPO listed well on the Indian stock exchanges today, listing at ₹389 on the Bombay Stock Exchange (BSE) and ₹388.50 on the National Stock Exchange (NSE), an 11% premium over the IPO issue price of ₹351 per share. The stock was volatile in the initial trade, touching a high of ₹388.50 and a low of ₹332.15 during the morning session. At 12:50 PM IST, it stood at ₹330.85, off 14.88% from the opening.

Solarworld Energy IPO Subscription Details

The company’s ₹490 crore IPO saw massive investor interest and got subscribed 68.49 times. QIBs subscribed 70.43 times, NIIs subscribed 64.73 times, and Retail Investors subscribed 49.15 times. The issue comprised a fresh issue of 1.25 crore shares aggregating ₹440 crore and an Offer for Sale (OFS) of 0.14 crore shares aggregating ₹50 crore.

Solarworld Energy Use of IPO Proceeds

Solarworld Energy Solutions plans to apply the IPO proceeds towards an investment in its subsidiary, Kartik Solarworld, and towards funding a 1.2 GW Solar PV TopCon manufacturing facility at Pandhurana, Madhya Pradesh. The rest of the proceeds will be applied towards general corporate purposes.

About Solarworld Energy Solutions

Formed in 2013, Solarworld Energy Solutions is an engineering, procurement, and construction (EPC) specialist for solar power projects. Solarworld is seeking to increase its presence in the renewable energy sector and leverage this IPO to improve its manufacturing and project execution capabilities.

REF: https://www.nseindia.com/get-quotes/equity?symbol=SOLARWORLD

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