Waaree Energies IPO Date, Review, Price, Allotment Details

Waaree Energies IPO is opening for subscription on October 21, 2024, and closing on October 23, 2024. This Main-board IPO aims to raise ₹4321.44 Crores, IPO consists of ₹3600.00 Cr fresh issue and ₹721.44 Cr offer for sale of 4,800,000 equity shares, each with a face value of ₹10. The price band for the Waaree Energies IPO is fixed at ₹1427 – ₹1503 per Share, with a market lot of 9 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Waaree Energies IPO Allotment will done on October 24, 2024, and Waaree Energies IPO listing date is October 28, 2024.

 

Waaree Energies Company Profile

Founded: 1990
Industry: Renewable Energy – Solar PV Module Manufacturing
Headquarters: Mumbai, Maharashtra, India
Global Presence: United States, Canada, Italy, Turkey, Vietnam

Waaree Energies Limited is India’s largest manufacturer of solar PV modules and one of the leading players in the renewable energy sector. The company has grown significantly since its inception in 1990, expanding its portfolio and market presence to become a global leader in sustainable energy solutions. Waaree Energies is well-known for its commitment to quality, affordability, and innovation in the solar energy industry.

Company Milestones and Achievements

• 2007: Waaree Energies began its journey into solar PV module manufacturing, focusing on delivering high-quality, cost-effective solar solutions to customers worldwide.
• Market Leadership: As of August 31, 2021, the company holds a 24% market share of the total installed solar capacity in India.
• Global Recognition: Waaree Energies has successfully established a presence in international markets, including the United States, Canada, Italy, Turkey, and Vietnam, reflecting its commitment to delivering top-quality solar solutions globally.

Product Portfolio

Waaree Energies offers a diverse range of solar energy products to meet the increasing demand for clean and sustainable energy. The company’s main products include:

1. Multicrystalline Modules: Widely used for commercial and residential applications, these modules provide efficient energy conversion at a competitive cost.
2. Monocrystalline Modules: Known for their higher efficiency and reliability, these modules are designed for areas with space constraints and are suitable for both ground-mounted and rooftop installations.

Technology and Manufacturing Capabilities

Waaree Energies boasts state-of-the-art manufacturing facilities that enable it to produce high-quality solar modules at scale. The company’s manufacturing facilities are equipped with advanced technology, ensuring consistent quality and efficiency in production. This technological capability allows Waaree Energies to cater to both domestic and international markets while maintaining competitive pricing.

• Capacity: Waaree Energies has one of the largest manufacturing capacities in India, with plans to expand further to meet the growing demand for renewable energy solutions.
• Research and Development (R&D): The company invests heavily in R&D to improve module efficiency, develop new products, and enhance overall performance.

 

Waaree Energies IPO GMP

 

Waaree Energies IPO Objectives

The funds raised through the IPO will be utilized for:

1. Establish a Manufacturing Facility: Partially finance the cost of establishing a 6GW Ingot Wafer, Solar Cell, and Solar PV Module manufacturing facility in Odisha, India.
2. General Corporate Purposes: Allocate funds for various corporate needs to ensure smooth operations and future growth.

 

Waaree Energies IPO Key Details

• Waaree Energies IPO Open Date: October 21, 2024
• Waaree Energies IPO Close Date: October 23, 2024
• Waaree Energies IPO Size: Approximately ₹4321.44 Crores, 4,800,000 Equity Shares
• Face Value: ₹10 Per Equity Share
• Waaree Energies IPO Price Band: ₹1427 – ₹1503 per Equity Share
• Waaree Energies IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Waaree Energies IPO Timeline

• Waaree Energies IPO Open Date: October 21, 2024
• Waaree Energies IPO Close Date: October 23, 2024
• Basis of Allotment: October 24, 2024
• Refunds: October 25, 2024
• Credit to Demat Account: October 25, 2024
• Waaree Energies IPO Listing Date: October 28, 2024

 

How to Apply for Waaree Energies IPO

Investors can apply for the Waaree Energies IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Waaree Energies Financial Performance (in Crores)

 

Waaree Energies Valuation FY2023

• Return on Equity (ROE): 30.26%
• Return on Capital Employed (ROCE): 26.29%
• Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) Margin: 15.56%
• Profit After Tax (PAT) Margin: 10.96%
• Debt to Equity Ratio: 0.08
• Earnings Per Share (EPS): ₹48.05
• Net Asset Value (NAV): ₹154.96

 

Waaree Energies Peer Group

 

Waaree Energies Company Promoters

• Hitesh Chimanlal Doshi
• Virenchimanlal Doshi
• Pankaj Chimanlal Doshi
• Waaree Sustainable Finance Private Limited (formerly Mahavir Thermoequip Private Limited)

 

Waaree Energies IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: waaree.ipo@linkintime.co.in

 

Waaree Energies IPO Allotment Status Check

• Check the Waaree Energies IPO allotment status on the Link Intime India website.

 

Waaree Energies IPO Allotment Link

• Check the Waaree Energies IPO allotment on the Check ipo Allotment website.

 

Waaree Energies IPO Lead Managers (Merchant Bankers)

• Axis Capital Limited
• IIFL Securities Limited
• Jefferies India Private Limited
• Nomura Financial Advisory and Securities (India) Private Limited
• SBI Capital Markets Limited
• Intensive Fiscal Services Private Limited
• ITI Capital Limited

 

Waaree Energies Company Address

602, 6th Floor, Western Edge I
Western Express Highway Borivali (East)
Mumbai,Maharashtra-400066 India
Website: https://waaree.com/
Phone: +91 22 66444444
Email: investorrelations@waaree.com

 

Waaree Energies IPO FAQs

 

What is Waaree Energies IPO?

Waaree Energies IPO is a Main-board IPO. They are going to raise ₹4321.44 Crores via IPO. The issue is priced at ₹1427 – ₹1503 per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Waaree Energies IPO open?

The IPO is to open on October 21, 2024, for NII, and Retail Investors.

 

What is Waaree Energies IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Waaree Energies IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Waaree Energies IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Waaree Energies IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Waaree Energies IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Waaree Energies IPO Size?

Waaree Energies IPO size is ₹4321.44 Crores.

 

What is Waaree Energies IPO Price Band?

Waaree Energies IPO Price Band is ₹1427 – ₹1503 per equity share.

 

What is Waaree Energies IPO Minimum and Maximum Lot Size?

The IPO bid is 9 Shares with ₹13,527.

 

What is Waaree Energies IPO Allotment Date?

Waaree Energies IPO allotment date is October 24, 2024.

 

What is Waaree Energies IPO Listing Date?

Waaree Energies IPO listing date is October 28, 2024. The IPO to list on NSE & BSE.