Solar World Energy Solutions has filed 600 crores of IPO with the Securities and Exchange Board of India in which fresh-issue 550 crores and the rest 50 crores of OFS (offer for sale). Further, promoters hold approximately 82.15% and the rest stakes are raised by public shareholders. Research has said that if the company raised more funds in pre-IPO, the fresh-issue amount would reduced.
Solar Energy Solutions was founded in 2013 and provides solar and lighting to residents and commercials. Solarworld Energy Solutions Limited excels in solar EPC and is committed to driving impactful change. The company is currently developing 700 MW of solar projects, making substantial progress in promoting renewable energy throughout the country. Additionally, this company is dedicated to conceptualizing, implementing, and delivering high-quality solar projects.
Sushil Kumar Jain, Mangal Chand Teltia, Rishabh Jain, Kartik Teltia and Samiksha Jain are the directors of the solar world energy solutions.
SolarWorld provides solar energy solutions using two models: The capital expenditure (CAPEX) model and The renewable energy service company (RESCO) model. SolarWorld, which competes with listed entities like Sterling & Wilson Renewable Energy, Waaree Renewable Technologies, KPI Green Energy, Gensol Engineering, and Oriana Power, has recorded better financial performance in the past years in contrast to them.
SolarWorld Energy Solutions IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
SolarWorld Energy Solutions Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹31.91 | ₹30.46 | ₹2.20 |
| 2023 | ₹235.05 | ₹2,17.13 | ₹14.84 |
| 2024 | ₹505.50 | ₹4,39.37 | ₹51.69 |
SolarWorld Energy Solutions IPO Valuation – FY2024
SolarWorld Energy Solutions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹8.00 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 108.25% |
| Net Asset Value (NAV): | ₹11.39 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Blue Dart Express Limited | NA | 64.45 | 23.64 | 576.18 | 5318.67 Cr. |
| Delhivery Limited | NA | NA | 2.72 | 124.11 | 8594.23 Cr. |
Objects of the Issue
- Investment in our Subsidiary, Kartik Solarworld Private Limited for partfinancing the establishment of a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh, India
- General corporate purposes
IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
