- Price Band fixed at ₹ 333 to ₹ 351 per equity share of face value of ₹ 5 each (“Equity Share”);
- Bid /Offer will open on Tuesday, September 23 2025 and close on Thursday, September 25 2025. The Anchor Investor Bidding Date shall be Monday, September 22 , 2025
- Bids can be made for a minimum of 42 Equity Shares and in multiples of 42 Equity Shares thereafter;
Bhubaneswar : Solarworld Energy Solutions Limited (“Solarworld” or the “Company”) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Tuesday, September 23, 2025.
The total offer size of Equity Shares aggregating up to ₹ 4,900 million [₹ 490 crore] comprises of fresh issue aggregating up to ₹ 4,400 million [₹440 crore] and Offer for Sale aggregating up to ₹ 500 million [₹ 50 crore] by Selling Shareholders. The Company has previously undertaken a further issue of Equity Shares aggregating up to 1,100.00 million, through a Pre-IPO Placement, completed on November 9, 2024.
The Anchor Investor Bidding Date shall be Monday, September 22, 2025. The Bid/Offer will open on Tuesday, September 23, 2025 for subscription and will close on Thursday, September 25, 2025.
The Price Band of the Offer has been fixed at₹ 333 to ₹ 351 per Equity Share. Bids can be made for a minimum of 42 Equity Shares and in multiples of 42 Equity Shares thereafter.
The Company proposes to utilise net proceeds from fresh issue of Equity Shares and Pre-IPO Proceeds towards 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”) and balance amount towards general corporate purposes (“Object of Offer”).
The offer for sale comprises of sale of Equity shares aggregating up to ₹ 500.00 million [₹ 50 crore] by Pioneer Facor IT Infradevelopers Private Limited (the “Promoter Selling Shareholder”)
Nuvama Wealth Management Limited and SBI Capital Markets Limited are the Book Running Lead Managers or BRLMs to the Offer.
