Solarworld Energy Solutions IPO: from business review, financial statements to key risks - 10 key things you need to know about RHP

Solarworld Energy Solutions IPO: Solarworld Energy Solutions’s Initial Public Offer (IPO) will be open for public subscription on Tuesday, September 23, which combines a fresh edition of 1.25 crore shares worth £ 50, and an offer for sale (or) of 14 lakh shares, which will be the IPO worth on Thursday, September 25. Price tire in the vicinity of £ 333 to £ 351 per equity share with a face value of £ 5. The shares grant is expected to be completed on Friday, September 26. On the next working day, that is, Monday, September 29, shares will be credited to the Demat accounts of successful bidders, while those who do not receive the award will receive the repayment on the same day. The share is likely to list on the BSE and the NSE on Tuesday, September 30. Solarworld Energy Solutions IPO: 10 key things from RHP let’s look at ten important things to know about the Red Herring prospectus (RHP) of the Solarworld Energy Solutions IPO: 1. Promoter who sells shareholder is a pioneer of the edition. The entity downloads 14 lakh shares in the OFS, which is 10.20 percent of total supply size. 2. Solarworld Energy Solutions’ promoters and promoter groups Pioneer Facor It Infradevelopers Private Limited owns 39.35 percent of the company’s pre -part company, followed by Kartik Tettia, which owns 34,56 percent of the total shares. Mangal Chand Tettia owns 4.79 percent of the company. 3. Solarworld Energy Solutions management The company has six directors in its board, two of whom are independent directors, including one female independent director. Kartik Tettia is the managing director of the company. His current term is for three years, which begins on September 18, 2024. Rishabh Jain is the entire director. Rini Chordia is the chairman and independent director of the company. 4. Solarworld Energy Solutions’ Business The Noida-based business offers Solar Energy Solutions and specializes in engineering, procurement and construction services (EPC) Services for Solar Power Projects. 5. Solarworld Energy Solutions’ financial performance The company’s revenue from operations and profits has had a sustained growth over the past three financial years. The profit for FY23 stood at £ 14.84 crore, which rose in FY24 to 51.69 crore and to £ 77.05 in FY25. Income from operations in FY23 was £ 232.46 crore, in FY24 £ 501.02 crore and £ 544.77 in FY25. 6. Solarworld Energy Solutions’ Solarworld Energy Solutions has three subsidiaries: Znshine Solarworld Private Limited, Kartik Solarworld Private Limited, and Solarworld Bess One Private Limited. 7. Solarworld Energy Solutions’ peers The most important peers of Solarworld Energy Solutions are: NTPC Green Energy, Adani Green Energy, Renew Power, ACME Solar Holding, JSW NEO, and Tata Power Rel. 8. Object of the offer The company intends to invest around £ 575.30 in its subsidiary, KSPL, for the establishment of the Pandhurana project. 9. Concentration of clients is a key risk according to the RHP, for fiscal years 2025, 2024 and 2023, Solarworld Energy Solutions, respectively, has 79.19 percent, 91.16 percent, and 87.98 percent of its income, from one of its key clients, SJVN Green Eniny Limited. The loss of such a key client can substantially affect the business, future prospects and financial performance of the business. 10. Competitive industry The business works in a competitive industry and as it expands its operations in terms of geographical areas and extent of the projects, the competition will increase. The company believes its primary competitors are traditional EPC solutions and solar companies that have their own internal EPC and O&M operations. Read all IPO-related news here read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or brokerage firms, not coin. We advise investors to consult with certified experts before making investment decisions, as market conditions can change quickly and conditions can vary.