Waaree Energies Ltd
Price Range
₹1,427 - ₹1,503
Min. Quantity
9
Closes on
23 October 2024
Min. investment
₹13,527/126 Shares
Waaree Energies Ltd IPO Timeline
Waaree Energies Limited was originally incorporated as Anmol Fluid Connectors Private Limited' at Mumbai on December 18, 1990, issued by the RoC. Thereafter, name of Company changed to Waaree Solar Private Limited' on April 25, 2007 and later on the name was further changed to Waaree Energies Private Limited', pursuant to Certificate of Incorporation on December 12, 2007. Accordingly, the Company converted into a Public Company on March 8, 2013, and consequently, the name was changed to Waaree Energies Limited', pursuant to a fresh Certificate of Incorporation issued by the RoC on May 2, 2013.
Event | Date |
---|---|
Waaree Energies Ltd IPO Opening Date | 21 October 2024 |
Waaree Energies Ltd IPO Closing Date | 23 October 2024 |
Basis of Allotment | 24 October 2024 |
Initiation of Refunds | 25 October 2024 |
Credit of Shares to Demat | 25 October 2024 |
Waaree Energies Ltd IPO Listing Date | 28 October 2024 |
Waaree Energies Ltd IPO Details
Waaree Energies Ltd IPO Date | 21 October 2024 to 23 October 2024 |
Waaree Energies Ltd IPO Face Value | ₹10 per share |
Waaree Energies Ltd IPO Price | ₹1427 to ₹1503 per share |
Waaree Energies Ltd IPO Lot Size | 9 |
Issue Size | Shares of ₹10 (aggregating up to ₹4,321.44 Cr) |
Fresh Issue | Shares of ₹10 (aggregating up to ₹3600 Cr) |
Offer for Sale | Shares of ₹10 (aggregating up to ₹721.4 Cr) |
Issue Type | (Book Built Portion) |
Listing At | BSE, NSE |
QIB Shares Offered | Not more than 58,37,757 of the Net Offer |
Retail Shares Offered | Not less than 1,03,50,288 of the Net Offer |
NII (HNI) Shares Offered | Not less than 44,35,838 of the Net Offer |
Company Promoters | Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi |
Waaree Energies Ltd IPO Lot Size
The Waaree Energies Ltd IPO lot size is 9 shares. A retail-individual investor can apply for up to 14 lots (126 shares or ₹1,89,378).
Application | Lots | Shares | Amount |
---|---|---|---|
Minimum | 1 | 9 | ₹13,527 |
Maximum | 14 | 126 | ₹1,89,378 |
- Strengths
- Risks
- Opportunities
- Largest solar PV module manufacturer in India well positioned to capture industry tailwinds and growth prospects for solar energy in India and globally.
- Diversified base of global and Indian customers with a large order book.
- Advanced manufacturing facilities with global accreditations.
- Extensive pan-India retail network.
- Consistent track record of financial performance.
- Experienced senior management team with a committed employee base.
Company Financials
Waaree Energies Ltd Financial Information (Restated)
Period Ended | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
03-2024 | 10,673.91 | 10,957.68 | 1148.35 |
03-2023 | 7,333.18 | 6,641.58 | 460.19 |
03-2022 | 2,039.36 | 2,852.72 | 69.67 |
Amount in ₹ Crore |
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Cost of Proposed Project
- General Corporate Purposes
Waaree Energies Ltd IPO Promoter Holding
Pre Issue Share Holding | 5.36% |
Post Issue Share Holding | 4.91% |
Waaree Energies Ltd IPO Subscription Status (Bidding Detail)
The Waaree Energies Ltd IPO is subscribed 76.34 times on 23 October 2024 05:00:00 PM. The public issue subscribed 10.79 times in the retail category, 208.63 times in the QIB category, and 62.49 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | QIB | NII | Retail | Employee | Total |
Subscription (times) | 208.63 | 62.49 | 10.79 | 5.17 | 76.34 |
Waaree Energies Ltd IPO Prospectus
Waaree Energies Ltd IPO Listing Date
Listing Date | 28 October 2024 |
BSE Script | 544277 |
NSE Symbol | WAAREEENER |
Listing In | BSE, NSE |
ISIN | INE377N01017 |
IPO Price | ₹1,503 |
Face Value | ₹10 |
Company Contact Information
602 6th Floor Western Edge-IWestern Exp.Highway Borivali(E,Mumbai-400066
Phone: 91-22-6644 4444
Email: investorrelations@waaree.com
Website: www.waaree.com
Waaree Energies Ltd IPO Registrar
Waaree Energies Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- IIFL Securities Ltd
- Jefferies India Pvt Ltd
- Nomura Financial Advisory & Securities (India) P L
- SBI Capital Markets Ltd
- Intensive Fiscal Services Pvt Ltd
- ITI Capital Ltd
FAQ
What is the issue size of Waaree Energies Ltd IPO?
I have pre-applied for Waaree Energies Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.