Solarworld Energy Solutions IPO Day 2: Check GMP, Subscription Status & Key Highlights
The Solarworld Energy Solutions IPO enters its second day of subscription today, September 24, 2025. On day 1, the IPO received a total subscription of 1.23 times. The bidding window is scheduled to close on September 25, 2025.
Solarworld Energy Solutions IPO: Issue Details
The Solarworld Energy IPO is a book-building issue of ₹490 crore, comprising a fresh issue of ₹440 crore and an offer for sale of ₹50 crore. The price band is set between ₹333 and ₹351 per share. The basis of allotment will be finalised by September 26, 2025, and the tentative listing date on NSE and BSE is September 30, 2025.
The book-running lead managers for the IPO are Nuvama Wealth Management Limited and SBI Capital Markets Limited, while MUFG Intime India Private Limited serves as the registrar for the issue.
Solarworld Energy Solutions IPO Day 2 Subscription Status
[24-September-2025 10:51:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.01 |
|
Non-Institutional Investors |
2.24 |
|
Retail Individual Investors (RIIs) |
6.86 |
|
Total |
1.86 |
Solarworld Energy Solutions IPO Day 1 Subscription Status
[23-September-2025 17:00:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
1.45 |
|
Retail Individual Investors (RIIs) |
4.56 |
|
Total |
1.23 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund the following objectives:
- Invest in Solarworld Energy’s subsidiary, Kartik Solarworld Private Limited, for financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in MP
- General corporate purposes
Solarworld Energy Solutions IPO GMP
As of 24 September 2025, Solarworld Energy IPO GMP stood at ₹65. The estimated listing price is ₹416, i.e., an 18.52% gain per share over the upper price band.
|
Source: Business Standard Report dated 24 September 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Solarworld Energy Solutions Business Overview
Founded in 2013, Solarworld Energy Solutions specialises in engineering, procurement, and construction (EPC) services for solar power projects. They provide end-to-end solutions by designing, installing, setting up, and commissioning solar systems on a turnkey basis. As of July 31, 2025, the company has completed 253.67 MW AC of solar projects.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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