{getButton} $text={IPO Allotment Satus} $icon={link} $color={#125ef66} {getButton} $text={Upcoming IPO With GMP} $icon={link} $color={#125ef66} {getButton} $text={Upcoming SME IPO With GMP} $icon={link} $color={#125ef66}
{tocify} $title={Table of Contents}
Waaree Energies IPO: Everything You Need to Know
Waaree Energies Limited, India’s largest solar PV module manufacturer, is set to launch its IPO, offering an opportunity for investors to participate in one of the fastest-growing renewable energy sectors. This IPO is a book-built issue worth ₹4,321.44 crores, consisting of a fresh issue and an offer for sale.
IPO Key Details Waaree IPO:
- Issue Size: ₹4,321.44 crore
- Fresh Issue: 2.4 crore shares aggregating ₹3,600 crore
- Offer for Sale: 0.48 crore shares aggregating ₹721.44 crore
- IPO Open Dates: October 21, 2024, to October 23, 2024
- Price Band: ₹1,427 to ₹1,503 per share
- Tentative Listing Date: October 28, 2024
Investment Details of Waaree IPO:
The minimum lot size is 9 shares for retail investors, with a minimum investment of ₹13,527. High-net-worth investors (HNIs) have different minimum investments based on the lot size they choose, as shown below:
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹13,527 |
| Retail (Max) | 14 | 126 | ₹189,378 |
| Small-HNI (Min) | 15 | 135 | ₹202,905 |
| Big-HNI (Min) | 74 | 666 | ₹1,000,998 |
IPO Reservation Breakdown:
- QIB (Qualified Institutional Buyers): Not more than 50% of the net issue
- Retail Investors: Not less than 35% of the net issue
- NII (Non-Institutional Investors): Not less than 15% of the net issue
Waaree Energies Company Overview:
Incorporated in December 1990, Waaree Energies Limited specializes in manufacturing solar PV modules. It has an installed capacity of 12 GW and a wide product portfolio including multicrystalline, monocrystalline, and TopCon modules. The company operates four state-of-the-art manufacturing facilities across Gujarat, covering over 136 acres.
Waaree Energies has been certified with several international standards, including ISO 45001:2018 and ISO 14001:2015, ensuring top-tier quality and safety in solar PV manufacturing.
Competitive Strengths:
- Largest solar PV module manufacturer in India.
- Diverse client base both in India and globally.
- Advanced manufacturing facilities with international accreditations.
- Extensive retail network across India.
- Strong financial track record with a significant order book.
- Led by an experienced management team.
Financial Highlights of Waaree Energies IPO:
Waaree Energies IPO financial growth has been impressive. In FY 2024, the company’s revenue increased by 70%, and its profit after tax (PAT) rose by 155% compared to FY 2023. Below are the key financials:
| Period | Revenue (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|
| Mar 2024 | 11,632.76 | 1,274.38 | 11,313.73 |
| Mar 2023 | 6,860.36 | 500.28 | 7,419.92 |
| Mar 2022 | 2,945.85 | 79.65 | 2,237.40 |
Why You Should Consider Waaree Energies IPO:
Waaree Energies is positioned as a leader in the renewable energy sector, which is expected to grow exponentially over the coming years. The company’s strong financial performance, market leadership in solar PV modules, and its advanced manufacturing capabilities make it a solid candidate for long-term investors. As India moves towards cleaner energy solutions, Waaree is well-poised to capitalize on this transition.
FAQs on Waaree Energies IPO:
When will Waaree Energies IPO open?
The IPO opens on October 21, 2024, and closes on October 23, 2024.
What is the price band for Waaree Energies IPO?
The price band is set at ₹1,427 to ₹1,503 per share.
What is the minimum investment for retail investors in Waaree Energies IPO?
Retail investors can apply with a minimum of 9 shares, requiring an investment of ₹13,527.
When will the allotment for Waaree Energies IPO be finalized?
The allotment is expected to be finalized on October 24, 2024.
What is the listing date for Waaree Energies IPO?
The tentative listing date is October 28, 2024, on BSE and NSE.
How many shares are reserved for retail investors?
35% of the net issue is reserved for retail investors.
Where are Waaree Energies IPO manufacturing facilities located?
The company operates four manufacturing plants across Gujarat in Surat, Tumb, Nandigram, and Chikhli.
What are Waaree Energies IPO core products?
Waaree Energies produces multicrystalline, monocrystalline, and TopCon solar PV modules.
Waaree Energies IPO presents an exciting investment opportunity in the booming solar energy sector. Don’t miss the chance to be part of India's largest solar PV module manufacturer. Keep an eye on the opening dates and stay informed about the allotment and listing process.
Disclaimer: Investing in IPOs carries risk. It is advisable to consult with a financial advisor before making any investment decisions.
For more updates on the latest IPOs, stock market news, and other financial insights, stay tuned to our page!
Tags: upcoming ipo, ipo, ipo news, ipo allotment status, upcoming sme ipo, ipo alert, waaree ipo, waaree ipo date, waaree ipo size, waaree ipo news, waaree ipo allotment, waaree ipo gmp, waree ipo sub2 rate, waree ipo grey market price, waaree ipo price, waaree ipo shares, waaree ipo minmum investment, waaree ipo review.
Tags: upcoming ipo, ipo, ipo news, ipo allotment status, upcoming sme ipo, ipo alert, waaree ipo, waaree ipo date, waaree ipo size, waaree ipo news, waaree ipo allotment, waaree ipo gmp, waree ipo sub2 rate, waree ipo grey market price, waaree ipo price, waaree ipo shares, waaree ipo minmum investment, waaree ipo review.
Tags:
IPO