Waaree Energies IPO is scheduled to open its IPO on October 21, 2024, and will close it on October 23, 2024. Moreover, the company aims to raise approximately ₹4,450 crores through this Book Built Issue. Specifically, the IPO consists of a fresh issue valued at ₹3,000 crores, along with an offer for sale of up to 4.8 million equity shares, each carrying a face value of ₹10.
Table of contents
- IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Waaree Energies IPO GMP (Grey Market Premium)
- Waaree Energies IPO Application Form PDF
- Waaree Energies IPO Subscription Status
- Waaree Energies IPO Allotment Status
- IPO Review
- IPO Registrar
- IPO Lead Manager
- Waaree Energies Contact
- FAQs
IPO Overview
Overview Points | Description |
---|---|
Company Name | Waaree Energies Limted |
Industry | Renewable |
IPO Issue Type | Book Built Issue |
Open Date | October 21, 2024 |
Close Date | October 23, 2024 |
Total Issue Size | ₹4,450 Crores |
Fresh Issue | ₹3,600 Crores |
Face Value | ₹10 Per Equity Share |
Price Band | ₹[.] to ₹[.] per share |
Listing on | BSE & NSE |
Lot Size | [.] Shares |
Offer for Sale | 4,800,000 Equity Shares |
Shares Offered to Retail | 35% |
Shares Offered to QIB | 50% |
Shares Offered to HNI | 15% |
Company Details
Waaree Energies Limited, India’s largest producer of solar PV modules, was founded in 1990. However, it wasn’t until 2007 that the company began focusing on solar PV module production. Their mission is to provide high-quality, affordable sustainable energy solutions, thereby enhancing quality of life and driving the shift toward clean energy. Furthermore, as of August 31, 2021, Waaree held a significant 24% market share of India’s total installed solar capacity.
The company’s product lineup includes both multicrystalline and monocrystalline solar modules. In addition, Waaree has gained global recognition in countries such as the United States, Canada, Italy, Turkey, and Vietnam. For the fiscal year 2023-24, Waaree Energies reported an impressive annual revenue of ₹1,13,976.09 million.
Key Dates
Events | Date |
---|---|
IPO Open Date | October 21, 2024 |
IPO Close Date | October 23, 2024 |
Basis of Allotment | October 24, 2024 |
Refunds | October 25, 2024 |
Credit to Demat Account | October 25, 2024 |
IPO Listing Date | October 28, 2024 |
Financials (₹ in Crores)
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
---|---|---|---|---|
Assets | ₹11,989.48 | ₹11,313.73 | ₹7,419.92 | ₹2,237.4 |
Revenue | ₹3,496.41 | ₹11,632.76 | ₹6,860.36 | ₹2,945.85 |
Profit After Tax | ₹401.13 | ₹1,274.38 | ₹500.28 | ₹79.65 |
Net Worth | ₹4,471.71 | ₹4,074.84 | ₹1,826.02 | ₹427.13 |
Reserves and Surplus | ₹2,464.69 | ₹3,825 | ₹585.96 | ₹230.43 |
Total Borrowing | ₹261.24 | ₹317.32 | ₹273.48 | ₹313.08 |
IPO Lot Size
Application | Lot Size | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | – | ₹- |
Retail (Max) | 13 | – | ₹- |
S-HNI (Min) | 14 | – | ₹- |
B-HNI (Min) | 68 | – | ₹- |
The objective of the Issue
- The funds will partially finance the establishment of a 6GW Ingot Wafer, Solar Cell, and Solar PV Module manufacturing facility in Odisha, India (“Project”).
- Additionally, the company will allocate a portion of the funds for general corporate purposes.
Company Promoters
- Mr. Hitesh Chimanlal Doshi,
- Mr. Virenchimanlal Doshi
- Mr. Pankaj Chimanlal Doshiand
- Waaree Sustainable Finance Private Limited
Waaree Energies IPO GMP (Grey Market Premium)
Want to know the latest Gray Market Premium (GMP) for Waaree Energies IPO? We’ve got you covered! Access our GMP IPOs sessions for daily updates on all IPOs, including Waaree Energies. Dig into everything with real-time GMP insights to help you make informed investment choices. intelligent Whether you are an experienced investor or just starting out. Our updates will keep you informed!
Waaree Energies IPO Application Form PDF
To download the Waaree Energies IPO registration form, simply go to IPO forms. You can also download a PDF file of ASBA’s IPO form.
Waaree Energies IPO Subscription Status
This IPO subscription kicks off on October 21, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Waaree Energies IPO Allotment Status
To check the allotment status, please visit the Link Intime website or go to the Allotment Status page.
As well as checking the sales status, first follow the steps below:
- Firstly, access the link given above.
- Second, choose or name the company.
- Then enter your PAN number and beneficiary number. Registration number or CAF number
- Finally, submit details to receive distribution status.
IPO Review
Strengths:
- India’s solar capacity is expected to continue growing, and Waaree Energies is well-positioned to take advantage of this momentum.
- Additionally, the company has received approval under the PLI scheme, which promotes manufacturing efficiency for PV modules in India while reducing import dependency.
- Furthermore, Waaree benefits from deep market penetration in the rooftop segment, supported by its extensive PAN India franchise network.
Risks:
- However, the company’s future cash flow is heavily reliant on the sustained growth of solar energy demand. Any decline in orders could negatively affect profitability.
- Moreover, restrictions and import duties on essential materials and equipment for production may further impact future cash flow.
- Additionally, Waaree’s performance depends on continued government policy support, and any regulatory changes could affect its returns on capital.
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, LBS Marg, Surya Nagar
Gandhi Nagar, Vikhroli (West)
Mumbai – 400 083 Maharashtra, India
Phone: +91 81081 14949
Email: waaree.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Manager
SBI CAPITAL MARKETS LIMITED
1501, 15th floor, A&B Wing
Parinee Crescenzo, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, Maharashtra
Phone: +91 22 4006 9807
Email: waaree.ipo@sbicaps.com
Website: www.sbicaps.com
Waaree Energies Contact
WAAREE ENERGIES LIMITED
602, 6th Floor, Western Edge – I,
Western Express Highway, Borivali (East),
Mumbai – 400 066, Maharashtra, India
Phone: +91 22 6644 4444
Email: investorrelations@waaree.com
Website: www.waaree.com
FAQs
The Waaree Energies IPO is scheduled to open for subscription on October 21, 2024, for QIB, NII, and Retail Investors. Furthermore, the IPO will close on October 23, 2024.
Additionally, In terms of investor allocation, 50% is reserved for QIB, 15% for NII, and 35% for Retail Investors.
Firstly, To apply for the Waaree Energies IPO, you can use ASBA online through your bank account, or apply via UPI through your stock broker’s platform. Moreover, you can submit an offline application form through your stock broker.
Moreover, The allotment date for the Waaree Energies IPO is set for October 24, 2024.
Furthermore, The Waaree Energies IPO is expected to be listed on October 28, 2024, on both the BSE and NSE.
For the latest updates on the GMP of IPOs, including GMP on IPO and IPO allotment status, visit IPOGMP.IN. Stay updated with real-time insights on the GMP of Waaree Energies IPO to help you make informed investment decisions.
Additionally, you can track the Allotment IPO Status and the IPO allotment status for Hyundai Motor on the registrar’s website, Link Intime.
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