• Price Band fixed at ₹ 333 to ₹ 351 per equity share of face value of ₹ 5 each (“Equity Share”);
  • Bid /Offer will open on Tuesday, September 23 2025 and close on Thursday, September 25 2025. The Anchor Investor Bidding Date shall be Monday, September 22 , 2025
  • Bids can be made for a minimum of 42 Equity Shares and in multiples of 42 Equity Shares thereafter;

National  : Solarworld Energy Solutions Limited (“Solarworld” or the “Company”) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Tuesday, September 23, 2025.

The total offer size of Equity Shares aggregating up to ₹ 4,900 million [₹ 490 crore] comprises of fresh issue aggregating up to ₹ 4,400 million [₹440 crore] and Offer for Sale aggregating up to ₹ 500 million [₹ 50 crore] by Selling Shareholders. The Company has previously undertaken a further issue of Equity Shares aggregating up to 1,100.00 million, through a Pre-IPO Placement, completed on November 9, 2024.

The Anchor Investor Bidding Date shall be Monday, September 22, 2025.  The Bid/Offer will open on Tuesday, September 23, 2025 for subscription and will close on Thursday, September 25, 2025.

The Price Band of the Offer has been fixed at₹ 333 to ₹ 351 per Equity Share. Bids can be made for a minimum of 42 Equity Shares and in multiples of 42 Equity Shares thereafter.

The Company proposes to utilise net proceeds from fresh issue of Equity Shares and Pre-IPO Proceeds towards  Investment in our Subsidiary, Kartik Solarworld Private Limited (“KSPL”) for part-financing the establishment of a 1.2 GW solar PV TopCon Cell manufacturing facility in Pandhurana, Madhya Pradesh, India (the “Pandhurana Project”) and balance amount towards general corporate purposes (“Object of Offer”).

The offer for sale comprises of sale of Equity shares aggregating up to ₹ 500.00 million [₹ 50 crore] by Pioneer Facor IT Infradevelopers Private Limited (the “Promoter Selling Shareholder”)

Nuvama Wealth Management Limited and SBI Capital Markets Limited are the Book Running Lead Managers or BRLMs to the Offer.

This Equity Shares are being offered through the red herring prospectus of the Company dated September 17, 2025 (the “RHP”) filed with Registrar of Companies, Delhi and Haryana at New Delhi (The “RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).

The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. This Offer is being made through the Book Building Process in accordance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the “Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than Anchor Investor Portion) (“Net QIB Portion”).

 Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

Further, not more than 15% of the Offer shall be available for allocation to Non-Institutional Investors (out of which one third shall be reserved for Bidders with Bids exceeding ₹ 0.20 million up to ₹ 1.00 million and two-thirds shall be reserved for Bidders with Bids exceeding ₹ 1.00 million) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further, not more than 10% of the Offer shall be available for allocation to Retail Individual Investors (‘RIIs’) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All potential Bidders, other than Anchor Investors, are mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA Account (as defined hereinafter) and UPI ID in case of UPI Bidders (defined hereinafter), which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the Sponsor Banks, as the case may be, to the extent of their respective Bid Amounts. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, see “Offer Procedure” on page 423.

All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.