Solarworld Energy Solutions IPO Day 2: GMP, Subscription Status & Key Highlights
The Solarworld Energy Solutions IPO has entered its second day of subscription on September 24, 2025. On the first day, the IPO recorded a total subscription of 1.23 times. The bidding window is set to close on September 25, 2025.
Solarworld Energy Solutions IPO – Issue Details
The IPO is a book-building issue of ₹490 crore, consisting of a fresh issue of ₹440 crore and an offer for sale of ₹50 crore. The price band is fixed between ₹333 and ₹351 per share. The basis of allotment will be finalized by September 26, 2025, and the tentative listing date on NSE and BSE is September 30, 2025.
Book-running lead managers: Nuvama Wealth Management Limited, SBI Capital Markets Limited
Registrar: MUFG Intime India Private Limited
Day 2 Subscription Status (As of 24 September 2025, 5:00 PM)
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.02 |
| Non-Institutional Investors (NIIs) | 5.53 |
| Retail Individual Investors (RIIs) | 13.61 |
| Total | 3.99 |
Day 1 Subscription Status (23 September 2025, 5:00 PM)
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.00 |
| Non-Institutional Investors (NIIs) | 1.45 |
| Retail Individual Investors (RIIs) | 4.56 |
| Total | 1.23 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue are planned to be used for:
Investing in Solarworld Energy’s subsidiary, Kartik Solarworld Private Limited, to finance the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Madhya Pradesh
General corporate purposes
Solarworld Energy Solutions IPO GMP
As of 24 September 2025, the Grey Market Premium (GMP) for the IPO stood at ₹65, indicating an estimated listing price of ₹416, an 18.52% gain per share over the upper price band.
Disclaimer: GMP is an unauthenticated market indicator with no official basis. Investors should conduct independent research before making investment decisions. This article does not recommend trading in the grey market.
Business Overview – Solarworld Energy Solutions
Founded in 2013, Solarworld Energy Solutions specializes in engineering, procurement, and construction (EPC) services for solar power projects. The company provides end-to-end solutions, including design, installation, setup, and commissioning of solar systems on a turnkey basis.
As of 31 July 2025, Solarworld Energy has completed 253.67 MW AC of solar projects.
Disclaimer: This information is solely for educational purposes. It does not constitute investment advice.
