Synopsis:
Solarworld Vitality Options IPO (Sep 23–25, 2025) provides 1.39 crore shares at Rs. 333–Rs. 351, aiming to fund the Pandhurana Mission through KSPL and company functions, with an estimated itemizing acquire of 18.52% and 42-share lot measurement.
Solarworld Vitality Options Ltd Key particulars
Solarworld Vitality Options is about to launch its IPO from September 23 to September 25, 2025, with shares to be listed on BSE and NSE.
The IPO has a face worth of Rs. 5 per share and a problem value band of Rs. 333 to Rs. 351 per share, with loads measurement of 42 shares. It’s a recent capital-cum-offer on the market concern, comprising a complete of 1,39,60,113 shares, aggregating as much as Rs. 490 crore, of which 1,25,35,612 shares (Rs. 440 crore) are recent concern and 14,24,501 shares (Rs. 50 crore) are provided on the market.
The IPO follows a book-building course of, and the pre-issue shareholding stands at 7,41,37,042 shares, which can enhance to eight,66,72,654 shares post-issue. Nuvama Wealth Administration Ltd. serves because the ebook working lead supervisor, whereas MUFG Intime India Pvt. Ltd. is the registrar for the difficulty.
IPO lot measurement
For the Solarworld Vitality Options IPO, buyers can bid for no less than 42 shares, with extra bids in multiples of 42 shares. For retail buyers, the minimal utility is 1 lot of 42 shares (Rs. 14,742), whereas the utmost is 13 tons totalling 546 shares (Rs. 1,91,646).
For substantial HNI (S-HNI) buyers, the minimal is 14 tons or 588 shares (Rs. 2,06,388) and the utmost is 67 tons or 2,814 shares (Rs. 9,87,714). For giant HNI (B-HNI) buyers, the minimal utility begins at 68 tons, equal to 2,856 shares (Rs. 10,02,456).
IPO Timeline
The Solarworld Vitality Options IPO is scheduled to open on Tuesday, September 23, 2025, and shut on Thursday, September 25, 2025. The tentative allotment of shares is anticipated on Friday, September 26, 2025, with the initiation of refunds and credit score of shares to Demat accounts each on Monday, September 29, 2025.
The tentative itemizing date on the inventory exchanges is Tuesday, September 30, 2025, and the cut-off time for UPI mandate affirmation is 5 PM on Thursday, September 25, 2025.
GMP of the IPO
As of September 22, 2025, 3:59 PM, the final Gray Market Premium (GMP) for the Solarworld Vitality Options IPO is ₹65. With a cap value of ₹351, the estimated itemizing value is round ₹416, implying an anticipated acquire of roughly 18.52% per share.
Solarworld Vitality Options Ltd IPO promoter holding
The promoters of Solarworld Vitality Options Ltd. are Kartik Teltia, Rishabh Jain, Mangal Chand Teltia, Sushil Kumar Jain, and Anita Jain, collectively holding 78.70% of the corporate’s shares earlier than the IPO.
Aims of Solarworld Vitality Options IPO
Solarworld Vitality Options IPO intends to make the most of the online proceeds primarily for funding in its subsidiary KSPL to part-finance the institution of the Pandhurana Mission (Rs. 575.30 crore) and for common company functions.
In regards to the firm
Solarworld Vitality Options Ltd. is an organization engaged within the renewable power sector, specializing in the event, operation, and upkeep of solar energy initiatives. It goals to contribute to sustainable power technology whereas increasing its footprint via strategic investments and subsidiaries, such because the Pandhurana Mission through KSPL, and is backed by a rising monetary profile and robust operational efficiency.
Solarworld Vitality Options IPO Peer Comparability
Solarworld Vitality Options Ltd. reported an EPS of Rs. 10.68 and NAV of Rs. 41.69. In comparison with friends, its valuation is decrease than Sterling & Wilson (P/E 76.48) however increased than KPI Inexperienced (30.57) and Oriana Energy (29.01).
Waaree Renewable reveals the strongest RoNW at 65.29% and highest P/BV (24.14), whereas Oriana Energy stands out with the very best EPS of Rs. 79.52 and NAV of Rs. 254.75. General, Solarworld trades at average valuations amongst listed renewable friends.
Financials of the corporate
For the monetary yr ending March 31, 2025, Solarworld Vitality Options Ltd reported a 9% enhance in whole revenue to Rs. 551.09 crore from Rs. 505.50 crore in FY2024, whereas revenue after tax (PAT) surged by 49% to Rs. 77.05 crore from Rs. 51.69 crore.
The corporate’s EBITDA rose to Rs. 106.75 crore from Rs. 71.09 crore, and web price elevated considerably to Rs. 309.07 crore from Rs. 73.60 crore. Reserves and surplus stood at Rs. 272.00 crore from Rs. 73.28 crore, whereas whole belongings grew to Rs. 598.02 crore from Rs. 155.02 crore. The corporate’s whole borrowings elevated to Rs. 114.55 crore from Rs. 61.10 crore within the earlier yr.
Aggressive Strengths of Solarworld Vitality Options Ltd IPO
- Confirmed monitor document with strong in-house capabilities for delivering full photo voltaic EPC options.
- Stable monetary efficiency supported by an asset-light enterprise mannequin.
- Robust buyer relationships, emphasizing well timed undertaking supply and high-quality requirements.
- Skilled administration staff and expert personnel with intensive business experience.
Inside Dangers of the Firm
- Our set up and building actions are topic to price overruns, delays, or completion dangers, which may adversely affect operations.
- For Fiscals 2025, 2024, and 2023, 79.19%, 91.16%, and 87.98% of income got here from a key buyer, SJVN Inexperienced Vitality Restricted. Lack of this key buyer may materially have an effect on our enterprise, future prospects, and monetary efficiency.
- We could also be unable to precisely estimate prices underneath fixed-price EPC contracts. Failure to estimate prices or handle provider relationships successfully may enhance building prices and dealing capital necessities, negatively impacting monetary situation, money movement, and outcomes of operations.
Written by Manideep Appana
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