Solar World Energy Solutions IPO GMP: Day 2 Subscription Surges 4x – Should You Apply?
With every new IPO in the stock market, comes new energy and new opportunities for investors. Today, we’re talking about the Solar World Energy Solutions IPO, which is currently generating significant buzz among investors. With strong retail demand and a steady grey market premium, this IPO has become even more interesting on its second day. Let’s take a closer look at what the Solar World Energy Solutions IPO GMP and subscription figures indicate for you.
Solar World Energy Solutions IPO GMP Remains Stable
The Solar World Energy Solutions IPO GMP maintained its momentum on Day 2. The grey market premium remained stable at ₹65, which means a listing price of approximately ₹416 is possible. Considering the upper end of the price band of ₹351, this represents an estimated gain of 18.52%. This is a positive sign for investors that market sentiment is optimistic about this IPO.
Breakdown of IPO Size, Price Band, and Fresh Issue
The total size of this IPO is ₹490 crore. Of this, ₹440 crore is coming through a fresh issue, while ₹50 crore is an Offer for Sale (OFS) from Pioneer Facor IT Infradevelopers. The price band is fixed between ₹333 and ₹351. This means that if you wish to invest, you will have to bid for a minimum lot size of 42 shares and can only apply in multiples of that.
Solar World Energy Solutions IPO Day 2 Subscription Boost
By the end of Day 2, i.e., 5 pm on September 24, 2025, the Solar World Energy Solutions IPO GMP was 4 times oversubscribed. Retail investors showed the most enthusiasm, with their portion subscribed 13.64 times. The NII category was subscribed 5.53 times, while the QIB portion remained relatively low, with only 0.02 times subscription. This clearly shows that this IPO has become a hot pick for retail and HNI investors.
Utilization of IPO Proceeds
Of the funds raised from the fresh issue, ₹420 crore will be invested in Kartik Solarworld (KSPL). This subsidiary will develop a 1.2 GW solar PV TopCon cell manufacturing facility in Pandhurana, Madhya Pradesh. The remaining funds will be used for general corporate purposes. This project is not only a major leap for the company but will also strengthen India’s clean energy ecosystem.
The Company’s Strong Position and Growth Plan
Solar World Energy Solutions (SWEL) is a leading solar EPC company that derives over 80% of its revenue from government projects. As of July 2025, the company had an order book of ₹2,528 crore and has executed projects totaling over 250 MW. The company is now entering the manufacturing segment with a 1.2 GW TopCon solar module plant and plans to establish a battery storage and TopCon cell facility.
The company’s expansion plans clearly show that it is in the mood to aggressively increase its presence in the clean energy sector. The numbers also support this, as till March 2025, Solar World Energy Solutions earned a net profit of ₹77.43 crore and generated a total revenue of ₹544.77 crore.
Strong Response from Anchor Investors
Even before the IPO opened, Solar World Energy Solutions demonstrated its credibility in the market. On September 22, 2025, the company raised ₹220.49 crore from anchor investors. 62.82 lakh shares were allotted at the upper limit of ₹351, and 15 major anchor investors expressed confidence in this opportunity. This clearly demonstrates that even major market players believe in the company’s growth prospects.
Should you apply?
Looking at the Solar World Energy Solutions IPO GMP, subscription numbers, and the company’s growth plans, the overall picture appears quite positive. Retail demand has already made this IPO a hot favorite, and the GMP is stable, indicating a healthy listing gain. Yes, but the world of investment always comes with two sides – there are risks to the profit potential as well. A major challenge for the company is that its major revenue comes from the state of Uttar Pradesh. If there are some changes in the economic or policy conditions there, it can have a direct impact on the overall performance of the company. That is why if you are planning to invest in IPO, it is important to consult your trusted financial advisor.
Conclusion
The Solar World Energy Solutions IPO maintained both its demand and GMP strong through Day 2. Strong participation from retail and HNI investors has made it a buzzing issue. The company’s expansion plans in the clean energy space and the trust of anchor investors add further positivity. If you’re interested in a short-term listing gain, this IPO could be a good opportunity for you. The growth of the clean energy sector also strengthens the company’s prospects in the long term.
Disclaimer:
The views and recommendations above are those of individual analysts or brokerage companies, not US News Weeks. We advise investors to check with certified experts before making any investment decisions.
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