Waaree Energies Ltd launched its IPO on October 21, 2024.
The Waaree Energies IPO is a book-built issue that aims to raise ₹4,321.44 crores. It includes a fresh issue of 2.4 crore shares, aggregating to ₹3,600 crores, and an offer for sale of 0.48 crore shares, worth ₹721.44 crores. With its IPO segment, the company offers shares at a price between ₹1,427 and ₹1,503 each. Retail investors can participate with a minimum lot size of 9 shares. IPO Allotment is expected on October 24, with listing on the BSE and NSE set for October 28.
Simple Steps to Apply for Waaree Energies Limited IPO!
Waaree Energies IPO Details
| Detail | Information |
| IPO Opening Date | October 21, 2024 |
| IPO Closing Date | October 23, 2024 |
| Listing Date | October 28, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹1,427 to ₹1,503 per share |
| Lot Size | 9 shares |
| Total Issue Size | 2.87 crore shares (₹4,321.44 Cr) |
| Fresh Issue | 2.4 crore shares (₹3,600 Cr) |
| Offer for Sale | 0.48 crore shares (₹721.44 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Registrar | Link Intime India Private Limited. |
| Shareholding Pre-Issue | 26,33,31,104 shares |
Overview of Waaree Energies Limited
Waaree Energies Limited, established in 1990, is India’s largest manufacturer of solar PV modules. The company produces a variety of solar energy products, including multicrystalline, monocrystalline, and TopCon modules. Waaree operates four manufacturing facilities across Gujarat, India.
The company serves both domestic and international markets with strong certifications in safety and environmental standards.
Ready to Invest in Waaree Energies IPO? Open a free demat account and enjoy zero brokerage!
Waaree Energies IPO| Key Details
- Waaree Energies IPO Opening Date: October 21, 2024
- Waaree Energies IPO Closing Date: October 23, 2024
- Waaree Energies IPO Allotment Date: October 24, 2024
- Waaree Energies IPO Price Band: ₹1,427 to ₹1,503 per share
- Waaree Energies IPO Lot Size: 9 shares
- Waaree Energies IPO Refund Initiation: October 25, 2024
- Waaree Energies IPO Shares Credited to Demat: October 25, 2024
- Waaree Energies IPO Listing Date: October 28, 2024
Waaree Energies Ltd: Financial Oveview
Waaree Energies has shown strong financial performance.
Here is a summary of the company’s financials:
| Period Ended | Assets (₹ Crore) | Revenue (₹ Crore) | Profit After Tax (₹ Crore) | Net Worth (₹ Crore) |
| 30 Jun 2024 | 11,989.48 | 3,496.41 | 401.13 | 4,471.71 |
| 31 Mar 2024 | 11,313.73 | 11,632.76 | 1,274.38 | 4,074.84 |
| 31 Mar 2023 | 7,419.92 | 6,860.36 | 500.28 | 1,826.02 |
| 31 Mar 2022 | 2,237.40 | 2,945.85 | 79.65 | 427.13 |
FAQs | Waaree Energies Ltd IPO
Waaree Energies Ltd is a leading solar PV module manufacturer, offering a range of products in India and internationally.
The bidding date for the Waaree Energies IPO is from October 21, 2024, to October 23, 2024.
The IPO lot size for Waaree Energies is 9 shares.
The IPO launch date is October 21, 2024. It will remain open for subscription until October 23, 2024.
You can check the allotment of IPO shares through the official registrar’s website.
The IPO face value is set at ₹10 per share.
The expected listing date for Waaree Energies IPO on both the NSE and BSE is Monday, October 28, 2024.
You can check the Waaree Energies IPO allotment status by visiting the official registrar’s website- Link Intime.
______________________________________________________________________________________
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.