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Solarworld Energy IPO Day 3: Check Subscription Status & Key Highlights
28 September 2025
1 min read
The ₹490 crore initial public offering (IPO) of Solarworld Energy Solutions entered its final day of subscription today, with the issue subscribed 3.99 times by the end of Day 2.
Solarworld Energy IPO: Issue Details
- Issue Size: Solarworld Energy IPO is a book-building issue of ₹490 crores, comprising a fresh issue of ₹440 crores and an offer for sale of ₹50 crores.
- Price Band: The price band is set between ₹333 and ₹351 per share.
- Book-running lead managers: Nuvama Wealth Management Limited and SBI Capital Markets Limited
- Registrar: MUFG Intime India Private Limited
- Listing: The shares are proposed to be listed on the NSE and the BSE on September 30.
Solarworld Energy IPO Day 3: Subscription Details
[25-September-2025 17:00:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
70.43 |
|
Non-Institutional Investors |
64.72 |
|
Retail Individual Investors (RIIs) |
49.13 |
|
Total |
65.00 |
Utilisation of IPO Proceeds
The company aims to use the net proceeds from the fresh issue towards the following objectives.
- Invest in Kartik Solarworld Private Limited (Solarworld Energy’s subsidiary) for financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in MP
- General corporate purposes
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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