India is witnessing a revolution in the renewable energy sector, with solar power leading the charge. As the government pushes aggressive green energy targets and global investors show increasing interest, solar companies are heading to the stock market in record numbers. If you’re looking to ride the next big investment wave, solar IPOs in 2025 could be your golden ticket.
At solaripo.com, we bring you the latest updates, IPO dates, company insights, DRHP filings, and performance tracking of all solar IPOs in India — all in one place.
What Is a Solar IPO?
A Solar IPO (Initial Public Offering) is when a solar energy company offers its shares to the public for the first time through a stock exchange like NSE or BSE. This helps the company raise capital for expansion, solar plant development, R\&D, or clearing debts.
Why Invest in Solar IPOs?
- Rising demand for clean energy
- Government subsidies and support
- High growth potential in rural and urban sectors
- FII and DII (Foreign and Domestic Institutional Investor) interest
- India’s renewable energy mission: 500 GW by 2030
Upcoming Solar IPOs in India 2025 – Complete List
Stay updated with the most anticipated solar IPOs set to hit the Indian stock market in 2025.
| Company Name | IPO Status | Expected Date | Issue Size (Estimated) | DRHP Filed? | Stock Exchange |
|---|---|---|---|---|---|
| Waaree Energies | Upcoming | Q2 2025 | ₹3,000 Crores | ✅ Yes | NSE, BSE |
| Vikram Solar | Upcoming | Q3 2025 | ₹1,500 Crores | ✅ Yes | NSE |
| Avaada Energy | Upcoming | Q3 2025 | ₹2,200 Crores | ❌ No | NSE |
| Adani Solar Subsidiary | Tentative | Q4 2025 | ₹5,000+ Crores | ❌ No | BSE |
| Inox Green Renewables | Recently Listed | Q1 2025 | ₹750 Crores | ✅ Yes | NSE, BSE |
Note: Dates and issue sizes are subject to regulatory approval and market conditions.
Categories of Solar IPOs You’ll Find on SolarIPO.com
1. Upcoming IPOs
All scheduled solar IPOs for 2025 and beyond.
2. Recently Listed IPOs
Track how newly listed solar companies are performing.
3. Top Performing IPOs
Best ROI-giving solar IPOs post-listing.
4. SEBI-Approved IPOs
Solar IPOs that have filed and received approval from SEBI.
5. Company-Wise Listings
Search solar IPOs by company name: Adani, Tata, Waaree, etc.
Government Policies Boosting Solar Sector Growth
The Indian government has launched several schemes to promote solar energy, indirectly fueling IPO activity:
- PM-KUSUM Yojana – Incentives for solar pumps
- PLI Scheme for Solar Manufacturing
- Solar Park Scheme – Large-scale grid-connected plants
- Net Metering Policy
These schemes help companies scale, increasing their eligibility for IPOs.
Advantages of Investing in Solar IPOs
Growth Potential
India’s solar sector is expected to grow at a CAGR of 20–25% over the next 5 years, driven by urban rooftop demand and rural electrification.
ESG-Friendly Investing
Solar IPOs align with Environmental, Social, and Governance (ESG) investing goals — increasingly important for young and global investors.
Early Entry Opportunity
Getting in at the IPO stage often means lower entry prices compared to post-listing rallies.
How to Apply for a Solar IPO?
- Open a Demat Account with platforms like Zerodha, Groww, or Upstox.
- Check the IPO details on NSE/BSE or here on solaripo.com.
- Place a bid via UPI or net banking during the open window.
- Wait for allotment confirmation.
- Monitor listing day performance.
Must-Know Terms Before You Invest
| Term | Meaning |
|---|---|
| DRHP | Draft Red Herring Prospectus – Filed before IPO approval |
| Issue Price | Price per share during IPO |
| Lot Size | Minimum number of shares you can apply for |
| Listing Gain | Profit on Day 1 after the stock lists |
| Grey Market Premium (GMP) | Unofficial premium price traded before listing |
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Live Solar IPO Tracker (Coming Soon)
Stay tuned for our interactive IPO dashboard that will help you:
- Filter IPOs by date, company, GMP, size
- Track listing price vs. current price
- Compare with other renewable IPOs
FAQs About Solar IPOs
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Q. Are solar IPOs safe to invest in?
Solar IPOs can offer good returns but carry market risks like any equity. Do due diligence.
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Q. Can I apply using UPI?
Yes, UPI-based ASBA is the most common method for retail investors.
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Q. Do solar IPOs offer better returns than regular IPOs?
That depends on the company’s business model, growth forecast, and demand. Some like Inox Green and Waaree have shown promising signs.
Conclusion
The solar energy revolution is here, and India is its fastest-growing market. With a surge in demand, robust government support, and strong investor appetite, solar IPOs offer a rare blend of growth, ESG impact, and investment potential.
Bookmark solaripo.com to stay ahead of the curve with every solar IPO listing, update, and insider detail all in one place.