Solarworld’s Rs490 Cr IPO Opens On Sept 23

Solarworld Energy Solutions’ Rs490 Cr Initial Public Offering: Price Band fixed at Rs 333 to Rs 351 per equity share of face value of Rs 5 each

L to R: Mr. Viral Shah (MD Equity Capital markets Nuvama Wealth Management Ltd.), Mr. Rishabh Jain (Wholetime Director, Solarworld Energy Solutions Ltd.), Kartik Teltia (MD, Solarworld Energy Solutions Ltd.) and Ms. Srividhya Venkatesan (VP Investment Banking SBI Capital Markets Ltd.) at the IPO conference of Solarworld Energy Solutions

FinTech BizNews Service

Mumbai, September 19, 2025:: 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 Rs 4,900 million [Rs 490 crore] comprises of fresh issue aggregating up to Rs 4,400 million [Rs440 crore] and Offer for Sale aggregating up to Rs 500 million [Rs 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 Rs 333 to Rs 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 Rs 500.00 million

[Rs 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.

This Equity Shares are being offered through the red herring prospectus of the

Company dated September 17, 2025 (the “RHP”) filed with Registrar of Companies,

Delhi and Haryana at New Delhi (The “RoC”) and are proposed to be listed on the BSE

Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).