Waaree Energies

Waaree Energies

Mainboard

₹13,527 / 9 Shares

Offer Date:Oct 21, 2024 - Oct 23, 2024
Check Allotment
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IPO Details

Waaree Energies IPO is priced between ₹1427-1503 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Ltd is managing the issue as the registrar.

The IPO bidding period opened on 21 Oct, 2024, and closed on 23 Oct, 2024. The allotment results will be announced on 24 Oct, 2024, with a tentative listing date set for 28 Oct, 2024.

The total issue comprises Total ₹4,321.44 Cr :#Fresh Issue : 23,952,095 shares, amounting to ₹3600 Cr.

Waaree Energies IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Oct 21, 2024 - Oct 23, 202428 Oct, 2024₹10 Per Equity Share₹1427-1503 per equity share9 Shares23,952,095 Shares 4,800,000 shares of ₹10BSE, NSE

Waaree Energies IPO Timeline

✓
IPO Open Date
21 Oct, 2024
✓
IPO Close Date
23 Oct, 2024
✓
Basis of Allotment
24 Oct, 2024
✓
Listing Date
28 Oct, 2024

Issue Price

₹1427-1503 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Market Lot

Retail: 9 Shares (₹13,527/-)
S-HNI: 135 Shares (₹2,02,905/-)
B-HNI: 666 Shares (₹10,00,998/-)

Lead Manager

Axis Capital LimitedIifl Securities LtdJefferies India Private LimitedNomura Financial Advisory And Securities (India) Pvt LtdSBI Capital Markets LimitedIntensive Fiscal Services Private LimitedIti Capital Ltd

Issue Size

Total ₹4,321.44 Cr :
#Fresh Issue : 23,952,095 shares(aggregating up to ₹3600 Cr) +
#OFS : 4,800,000 shares of ₹10(aggregating up to ₹721.44 Cr)

Retail Portion

35% (Number of Retail Applications: 11,01,319 Approx),(Number of S-HNI Applications : 10,489 Approx),(Number of B-HNI Applications : 20.,978 Approx)

Subscription

76.34 times

IPO Docs

DRHP RHP ANCHOR

Waaree Energies IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 2411313.7311632.761274.384074.843825.00317.32
31 Mar 237419.926860.36500.281826.021594.92273.48
31 Mar 222237.42945.8579.65427.13230.43313.08

All values are in ₹ Cr.

Waaree Energies IPO Valuations

EPS PRE IPO

₹48.69/-

EPS POST IPO

₹56.16/-

PE PRE IPO

30.87

PE POST IPO

26.76

ROE

8.79%

ROCE

9.45%

DEBT EQUITY

0.06

RONW

8.81%

PAT MARGIN

11.47

PRICE TO BOOK VALUE

8.84

About Company

Waaree Energies is one of the top players in the sustainable energy sector. The company still keeps delivering cost-effective, environment-friendly energy solutions that can make a difference in the reduction of carbon footprints globally. It stands at the forefront of producing solar PV modules in India with a befitting aggregated installed capacity of 2 GW.

Waaree Energies differs because it is the only Indian company with in-house, NABL-accredited laboratories. This means every solar module is of high quality, reliability, and efficiency.

Waaree Energies has the vision of a greener future, driving innovations in the renewable energy segment with cutting-edge solutions that contribute toward sustainable development and energy security for all.

Read More

Waaree Energies IPO Subscription Details

As onQIBNII
bNII  sNII		RetailTotal
Shares Offered / Reserved5,538,663
4,373,206
2,957,224    1,415,982
9,911,86920,256,207
Day 1 - 21-10-24 05:00 PM0.08 x
8.09
7.53 x   9.21 x
3.17 x3.32 x
Day 2 - 22-10-24 05:00 PM1.73 x
24.36
24.83 x   23.43 x
6.38 x8.80 x
Day 3 - 23-10-24 05:00 PM208.63 x
62.48
68.30 x   50.85 x
10.79 x76.34 x
Total No. of Applications:97,34,503 (Approx)
Retail Subscription:

Retail:8.01x

BHNI:12.94x

SHNI:47.65x times

Waaree Energies IPO - Issue Objectives

  1. Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India(Project).
  2. General corporate purposes.
Company Contact Details

Waaree Energies

602, 6th Floor, Western Edge I, Western Express Highway, Borivali (East), Mumbai -400066

Phone: +91 22 66444444

Email: investorrelations@waaree.com

Website: https://waaree.com/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: waaree.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html