Waaree Energies
Mainboard₹13,527 / 9 Shares
Waaree Energies IPO Details
The Waaree Energies IPO price band is set between ₹1427-1503 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 21 Oct, 2024 and closes on 23 Oct, 2024. Investors can check the allotment status on 24 Oct, 2024, while the listing date is tentatively scheduled for 28 Oct, 2024.
The total issue size is Total ₹4,321.44 Cr :#Fresh Issue : 23,952,095 shares, aggregating up to ₹3600 Cr. Stay tuned for the latest Waaree Energies IPO review and GMP updates.
Waaree Energies IPO Review, Rating & Analysis
Waaree Energies IPO Review
NO REVIEWWaaree Energies IPO Rating
Waaree Energies IPO Highlights
IPO Date
Oct 21, 2024 - Oct 23, 2024
Listing Date
28 Oct, 2024
Face Value
₹10 Per Equity Share
Price Band
₹1427-1503 per equity share
Lot Size
9 Shares
Fresh Issue
23,952,095 Shares
Offer for Sale
4,800,000 shares of ₹10
Listing At
BSE, NSE
Waaree Energies IPO Lot Size
The minimum market lot for Waaree Energies IPO is 9 shares with an application amount of ₹13,527. Retail investors can apply for up to 14 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹13,527 |
| Retail (Max) | 14 | 126 | ₹1,89,378 |
| S-HNI (Min) | 15 | 135 | ₹2,02,905 |
| S-HNI (Max) | 73 | 657 | ₹9,87,471 |
| B-HNI (Min) | 74 | 666 | ₹10,00,998 |
Waaree Energies IPO Timeline
Issue Price
₹1427-1503 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Axis Capital LimitedIifl Securities LtdJefferies India Private LimitedNomura Financial Advisory And Securities (India) Pvt LtdSBI Capital Markets LimitedIntensive Fiscal Services Private LimitedIti Capital LtdIssue 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)
Waaree Energies IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 11313.73 | 11632.76 | 1274.38 | 4074.84 | 3825.00 | 317.32 |
| 31 Mar 23 | 7419.92 | 6860.36 | 500.28 | 1826.02 | 1594.92 | 273.48 |
| 31 Mar 22 | 2237.4 | 2945.85 | 79.65 | 427.13 | 230.43 | 313.08 |
All values are in ₹ Cr.
Waaree Energies IPO Valuations
EPS Pre IPO
₹48.69/-EPS Post IPO
₹56.16/-PE Pre IPO
30.87PE Post IPO
26.76ROE
8.79%ROCE
9.45%Debt Equity
0.06RoNW
8.81%PAT Margin
11.47Price to Book Value
8.84Promoters & Share Holding
Promoter(s) Name
- Hitesh Chimanlal Doshi
- Viren Chimanlal Doshi
- Pankaj Chimanlal Doshi
- Waaree Sustainable Finance Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 71.80% | 64.30% |
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.
Waaree Energies IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,538,663 | 4,373,206 2,957,224 1,415,982 | 9,911,869 | 20,256,207 |
Day 1 -21-10-24 05:00 PM | 0.08 x | 8.09 7.53 x 9.21 x | 3.17 x | 3.32 x |
Day 2 -22-10-24 05:00 PM | 1.73 x | 24.36 24.83 x 23.43 x | 6.38 x | 8.80 x |
Day 3 -23-10-24 05:00 PM | 208.63 x | 62.48 68.30 x 50.85 x | 10.79 x | 76.34 x |
Retail:8.01x
BHNI:12.94x
SHNI:47.65x times
Company Contact Details
Waaree Energies
602, 6th Floor, Western Edge I, Western Express Highway, Borivali (East), Mumbai -400066Registrar 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
Frequently Asked Questions about Waaree Energies IPO
When will Waaree Energies IPO open for subscription?
The Waaree Energies IPO opens on 21 Oct, 2024 and closes on 23 Oct, 2024.
What is the investors portion for Waaree Energies IPO?
The investors' portion for QIB is 208.63 x, NII is 68.30 x, and Retail is 10.79 x.
How to apply for Waaree Energies IPO?
You can apply for Waaree Energies IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Waaree Energies IPO?
The issue size of Waaree Energies IPO is approx ₹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) crores.
What is the price band of Waaree Energies IPO?
The price band for Waaree Energies IPO is ₹1427 to ₹1503 per equity share.
What is the lot size of Waaree Energies IPO?
The minimum bid (lot size) for Waaree Energies IPO is N/A shares with an investment of approx ₹13,527 .
What is the allotment date of Waaree Energies IPO?
The allotment date for Waaree Energies IPO is 24 Oct, 2024.
What is the listing date of Waaree Energies IPO?
The listing date for Waaree Energies IPO is expected to be 28 Oct, 2024.
What is the GMP of Waaree Energies IPO?
The latest Grey Market Premium (GMP) for Waaree Energies IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.