Solarworld Energy Solutions is a solar energy solutions provider that focuses on EPC work for utility-scale and other solar power projects. The company plans to vertically integrate by building a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh through its subsidiary, Kartik Solarworld. To fund this expansion, it is coming to market with a ₹490 crore initial public offering that includes a ₹440 crore fresh issue and a ₹50 crore offer-for-sale by promoter Pioneer Facor IT Infradevelopers. At the top end of the ₹333–351 price band, Solarworld will be valued at just over ₹3,000 crore. Ahead of the IPO, the company secured anchor commitments totaling ₹220.5 crore, underscoring institutional confidence in the offering. Seventy-five percent of the IPO is reserved for qualified institutional buyers, with 15 percent for non-institutional investors and 10 percent for retail. Proceeds from the fresh issue will primarily finance the new manufacturing plant and be used for general corporate purposes. Nuvama Wealth Management and SBI Capital Markets are acting as the book-running lead managers, and the company is scheduled to list on September 30.

Total raised

$25M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2025