Solarworld Energy Limited shares made a robust stock market debut on Tuesday, listing at ₹388.50 on the NSE, a 10.68% premium over its issue price of ₹351.
The company’s ₹490 crore IPO garnered significant investor demand, with an overall subscription of 68.49 times. During the subscription window from September 23 to 25, bids were received for 52.58 crore shares against 76.78 lakh shares on offer, making it one of the most heavily subscribed mainboard IPOs of September and among the largest so far in 2025.
The issue comprised a fresh issue of 1.25 crore shares worth ₹440 crore and an offer for sale of 0.14 crore shares worth ₹50 crore. Proceeds will be used to invest in its subsidiary, Kartik Solarworld, for partially funding a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh, besides general corporate purposes.
Positioning itself as one of India’s leading solar energy solution providers, Solarworld Energy specializes in engineering, procurement, and construction (EPC) services for solar power projects.
