- 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.
