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IPO 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.

EventDate
Waaree Energies Ltd IPO Opening Date21 October 2024
Waaree Energies Ltd IPO Closing Date 23 October 2024
Basis of Allotment24 October 2024
Initiation of Refunds25 October 2024
Credit of Shares to Demat25 October 2024
Waaree Energies Ltd IPO Listing Date28 October 2024

Waaree Energies Ltd IPO Details

Waaree Energies Ltd IPO Date21 October 2024 to 23 October 2024
Waaree Energies Ltd IPO Face Value10 per share
Waaree Energies Ltd IPO Price1427 to ₹1503 per share
Waaree Energies Ltd IPO Lot Size9
Issue SizeShares of ₹10 (aggregating up to ₹4,321.44 Cr)
Fresh IssueShares of ₹10 (aggregating up to ₹3600 Cr)
Offer for SaleShares of ₹10 (aggregating up to ₹721.4 Cr)
Issue Type(Book Built Portion)
Listing At BSE, NSE
QIB Shares OfferedNot more than 58,37,757 of the Net Offer
Retail Shares OfferedNot less than 1,03,50,288 of the Net Offer
NII (HNI) Shares OfferedNot less than 44,35,838 of the Net Offer
Company PromotersHitesh 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 LotsSharesAmount
Minimum19₹13,527
Maximum14126₹1,89,378
  • 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 AssetsTotal RevenueProfit After Tax
03-202410,673.9110,957.681148.35
03-20237,333.186,641.58460.19
03-20222,039.362,852.7269.67
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 Holding5.36%
Post Issue Share Holding4.91%

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)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)208.6362.4910.795.1776.34

Waaree Energies Ltd IPO Prospectus

Waaree Energies Ltd IPO Listing Date

Listing Date28 October 2024
BSE Script 544277
NSE SymbolWAAREEENER
Listing In BSE, NSE
ISININE377N01017
IPO Price1,503
Face Value10

Company Contact Information

Waaree Energies Ltd
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

Phone:+91 81081 14949
Email: waaree.ipo@linkintime.co.in
Website: www.linkintime.co.in

Waaree Energies Ltd IPO Lead Manager(s)

  1. Axis Capital Ltd
  2. IIFL Securities Ltd
  3. Jefferies India Pvt Ltd
  4. Nomura Financial Advisory & Securities (India) P L
  5. SBI Capital Markets Ltd
  6. Intensive Fiscal Services Pvt Ltd
  7. ITI Capital Ltd

FAQ

What is the issue size of Waaree Energies Ltd IPO?

Waaree Energies Ltd IPO, which opens for subscription from to 23 October 2024 has an issue size of ₹4,321.44 crore. The issue type is book building issue.

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.

What are the open and close dates for Waaree Energies Ltd IPO?

Waaree Energies Ltd IPO Opens for subscription from 21 October 2024 to 23 October 2024

What is the lot size and minimum order quantity of the Waaree Energies Ltd IPO?

The lot size of Waaree Energies Ltd is 9 shares. Retail investors can subscribe to minimum 1 lot and maximum 14 lots. The minimum and maximum application value is ₹13,527 and ₹1,89,378 respectively.

What are the allotment dates for the Waaree Energies Ltd IPO?

Allotment date for Waaree Energies Ltd is 24 October 2024 and refund of application amount (in case allotment is not received) will begin from 25 October 2024. If your allotment goes through, then shares will be credited in your Demat account by 25 October 2024.

Who is the registrar of Waaree Energies Ltd IPO?

The registrar for Waaree Energies Ltd IPO is Link Intime India Pvt Ltd. You can check your IPO allotment status on the registrar's website.

Where is the Waaree Energies Ltd IPO getting listed?

The shares of Waaree Energies Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)