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Waaree Energies Ltd. IPO
Waaree Energies Ltd., established in 1990, operates in the Electric Equipment - General sector. The company's IPO opened on October 21, 2024 and closed on October 23, 2024, with an issue price of ... Read more
IPO Timeline
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21 Oct 2024Bidding Starts
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23 Oct 2024Bidding Ends
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24 Oct 2024Allotment Finalization
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28 Oct 2024Listing
About Waaree Energies Ltd.
We are a manufacturer of solar PV modules in India with an aggregate installed capacity of 12 GW and utilized capacity of 43.37%, as of and for the year ended March 31, 2024 and an aggregate installed capacity of 12 GW and utilized capacity of 45.01%, as of and for the three months ended June 30, ... Read more
Waaree Energies Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 84,95,888 (29.55%) |
| Employee Reserved | 4,32,468 (1.5%) |
| Non Institutional Investors | 42,47,944 (14.77%) |
| Qualified Institutional Buyers (QIBs) | 56,63,926 (19.7%) |
| Retail Individual Investors (RIIs) | 99,11,870 (34.47%) |
Waaree Energies Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2024 | 10,957.68 Cr | 807.01 Cr | 3,840.00 Cr |
| 31 Mar 2023 | 6,641.58 Cr | 480.77 Cr | 1,699.51 Cr |
| 31 Mar 2022 | 2,852.72 Cr | 69.67 Cr | 231.20 Cr |
Waaree Energies Ltd. Background
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2007Entered the solar energy sector with a 30 MW module manufacturing line
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2014Started a joint venture with North Eastern Electric Power Corporation Limited (“NEEPCO”) for implementation of solar power project in Sehore, Madhya Pradesh
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2017Acquired 40% shares in Waaneep Solar Private Limited from NEEPCO pursuant to which Waaneep Solar Private Limited became our wholly owned subsidiary
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2018Commissioned solar photovoltaic modules plant having capacity of 1,000MW Divested Waaneep Solar Private Limited to Hero Solar Energy Private Limited in tranches
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2019Commissioned international EPC project of 49.5 MWp ground mounted Song Giang solar power project in Vietnam
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2021Acquired 500 MW Solar Module manufacturing facility to take total installed capacity to 2GW Initiated construction activities for a solar cell manufacturing unit
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2023Increased capacity to 12GW Selected as a manufacturer under the PLI Scheme for setting up a manufacturing facility of 6GW as a greenfield project
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2024Increased capacity to 13.3 GW with commissioning of 1.3 GW of module manufacturing facility at Indosolar Limited’s Noida facility
1. Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India
2. General corporate purposes
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | ₹ 1503.00 | ₹ 1503.00 |
| Open | ₹ 2550.00 | ₹ 2500.00 |
| Low | ₹ 2294.55 | ₹ 2300.00 |
| High | ₹ 2600.00 | ₹ 2624.40 |
| Last Trade | ₹ 2336.80 | ₹ 2338.90 |
1. Hitesh Chimanlal Doshi
2. Viren Chimanlal Doshi
3. Pankaj Chimanlal Doshi
4. Waaree Sustainable Finance Private Limited
The Indian commercial and industrial solar sector added approximately 10GW over Fiscal 2019 and 2023, with total installed capacity as of December 2023 at approximately 25 GW. The commercial & industrial segment accounts for 70%-80% of the country’s rooftop solar installations and is ... Read more
Phone no:66444444
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2. General corporate purposes
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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