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Waaree Energies Limited IPO Date, Price, Review and Details

 

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Waaree Energies Limited IPO

October 21, 2024 - October 23, 2024 Closed

Waaree Energies Limited IPO

Waaree Energies Limited IPO was engaged in they are India's largest manufacturer of solar PV modules, with a total installed capacity of 12GW as of June 30, 2024 (according to the CRISIL Report, page 165). In Fiscal 2024, they had the second-highest operating income among Indian solar PV module makers (CRISIL Report, page 179). Since starting in 2007, their focus has been on producing high-quality, affordable solar energy solutions for various markets. Their solar PV modules are currently manufactured using emerging technologies such as polycrystalline cell technology,single crystalline cell technology and tunnel oxide passive contact (“TopCon”) to reduce energy losses and increase overall efficiency.  

Company Promoters:         

  • Hitesh Chimanlal Doshi
  • VirenChimanlal Doshi
  • Pankaj Chimanlal Doshi
  • Waaree Sustainable Finance Private Limited

Objects of this Issue:

  •  Waaree will invest in their wholly owned subsidiary to finance a portion of the costs of setting up a 6GW Ingot Wafer, Solar Cell, and Solar PV Module plant in Odisha, India.
  • General purposes of the company.

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2024

As on 31 Mar 2023

As on 31 Mar 2022

Total Assets

1,13,137.27

74,199.20

22,373.99

Total Liabilities

71,652.39

55,580.66

18,097.51

Net Profit

          1,274.38

500.28

79.65

Waaree Energies Limited IPO Schedule

1.     Bid or Offer Opens on: 21 October 2024
2.     Bid or Offer Closes on: 23 October 2024
3.     Finalization of BoA: 24 October 2024
4.     Initiation of Refunds: 25 October 2024
5.     Credit of share to Demat account: 25 October 2024
6.     Listing Date: 28 October 2024

Waaree Energies Limited IPO Lot Size

The market lot size of the WAAREE ENERGIES LIMITED IPO is 1 share. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

9

₹13,527

Maximum

14

126

₹189,378

S-HNI

Minimum

15

135

₹202,905

S-HNI

Maximum

73

657

₹987,471

B-HNI

Minimum

74

666

₹1,000,998

 

Company Contact Details:

Waaree Energies Limited IPO

602, 6thFloor, Western Edge –I, Western Express Highway, 

Borivali  (East),  Mumbai -400  066,

Maharashtra, India

Phone: +91 22 6644 4444

Email: investorrelations@waaree.com

Website: www.waaree.com

 

Waaree Energies Limited IPO Registrar Details:

Link Intime India Private Limited

C-101, 247 ParkLBS Marg, Surya Nagar, Gandhi NagarVikhroli (West)

Mumbai -400 083 Maharashtra

Phone: +91 81081 14949

Email: waaree.ipo@linkintime.co.in

Website: www.linkintime.co.in


 

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