The Waaree Energies has begun on 21-October-2024. It will close on 23-October-2024. The Total IPO Size is 4,321.44 Crores. The company set its IPO price is 1427-1503 Rs Per Share.
Basically, there are three basic categories in Waaree Energies IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Qualified Institutional Buyers.
Waaree Energies is incorporated in 1990.
Waaree Energies are the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 12 GW, as of June 30, 2023.
The solar PV modules are currently manufactured using multicrystalline cell technology, monocrystalline cell technology and emerging technologies such as Tunnel Oxide Passivated Contact (“TopCon”) which helps reduce energy loss and enhances overall efficiency.
The portfolio of solar energy products consists of the following PV modules: (i) multicrystalline modules; (ii) monocrystalline modules; and (iii) TopCon modules, comprising
flexible modules, which includes bifacial modules (Mono PERC) (framed and unframed), and building integrated photo voltaic (BIPV) modules.
They operated four manufacturing facilities in India spread over an area of 136.30 acres. They operate one factory each, located at Surat (“Surat Facility”), Tumb (“Tumb Facility”), Nandigram (“Nandigram Facility”) and Chikhli (“Chikhli Facility”) in Gujarat, India.
Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi and Waaree Sustainable Finance Private Limited are the Promoters of the company.
Waaree Energies IPO Date, Details & Price Band
The Waaree Energies IPO Price Band, IPO Dates, Market lot and other details mention in be below table.
IPO Opening Dates | 21-October-2024 |
IPO Closing Dates | 23-October-2024 |
Price Band | 1427-1503 Rs |
Fress Issue | 3,600.00 Crores |
Offer for Sale | 721.44 Crores |
Total IPO size | 4,321.44 Crores |
Minimum bid (lot size) | 9 Shares |
Face Value | 10 INR Per Share |
Issue Type | Book Built Issue IPO |
QIB Allocation | 50% |
HNI Allocation | 15% |
Retail Allocation | 35% |
Listing On | NSE, BSE |
Waaree Energies IPO Market Lot
The Waaree Energies IPO minimum market lot is 9 shares With 13,527 ₹ Amount per application.
Lot | No of Shares | Amount | |
Retail Minimum | 1 | 9 | 13,527₹ |
Retail Maximum | 14 | 126 | 189,378₹ |
Restated Financial Record of the three year (Amt. in Crore)
Total Assets | Total Revenue | Profit After Tax | |
30-Jun-24 | 11,989.48 | 3,496.41 | 401.13 |
31-Mar-24 | 11,313.73 | 11,632.76 | 1,274.38 |
31-Mar-23 | 7,419.92 | 6,860.36 | 500.28 |
31-Mar-22 | 2,237.4 | 2,945.85 | 79.65 |
Waaree Energies IPO GMP & Grey Market Premium
Waaree Energies IPO GMP Grey market premium has been started today. Check Latest Waaree Energies IPO GMP, Kostak Rates and Subject to Sauda Price here.
Waaree Energies IPO Prospectus
Waaree Energies IPO Prospectus Available on BSE and Sebi Website as well as on our Portal. Please click here to Download Waaree Energies IPO Prospectus.
DRHP | Download |
RHP | – |
Anchor List | Download |
Waaree Energies IPO Form Download
Waaree Energies IPO form Available on NSE, BSE Website as well as on our Portal. Please click here to Download Waaree Energies IPO forms.
Waaree Energies IPO Allotment Date & Details
Allotment Date | 24-October-2024 |
Initiation of refunds | 25-October-2024 |
Transfer of shares to Demat accounts | 25-October-2024 |
Listing Date | 27-October-2024 |
Check Allotment Status | Click here |
Registrar of Waaree Energies
Link Intime India Private Limited
C-101, 247 Park
LBS Marg, Surya Nagar, Gandhi Nagar
Vikhroli (West)
Mumbai – 400 083
Maharashtra, India
Telephone: +91 81081 14949
E-mail: [email protected]
Investor grievance e-mail: waaree.ipo@ linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Waaree Energies Contact Details
Waaree Energies Limited
602, 6th Floor, Western Edge I,
Western Express Highway,
Borivali (East), Mumbai -400066
Phone: +91 22 66444444
Email: [email protected]
Website: https://waaree.com/
Waaree Energies IPO Lead Managers
Nomura Financial Advisory and Securities (India) Private Limited
Axis Capital Limited
IIFL Securities Limited
Jefferies India Private Limited
SBI Capital Markets Limited
Intensive Fiscal Services Private Limited
ITI Capital Limited