Waaree Energies IPO: Everything You Need to Know Before Investing
Waaree Energies makes for one of the most eagerly awaited IPOs of October 2024.
India is sprinting towards a cleaner greener future, and Waaree Energies makes for one of the most eagerly awaited IPOs of October 2024. It has been in the solar energy space with a proper expansion strategy and indeed retains all the eyes of retail and institutional investors alike. But is this IPO worth your money, or just the market craze? Let's break it down!
Waaree Energies at a Glance
Waaree Energies Limited is one company that traced its roots back in the year 1990. This solar power company had, over the years, grown to become one of the biggest companies among solar companies. Offering an installed capacity of 12GW, it promised products that were the epitome of the latest PV modules. Waaree's products have gained ground in both domestic and international markets, with a selection of:
Multi-Crystalline Modules
Monocrystalline Modules
TopCon Modules that are flexible bifacial & Building Integrated Photovoltaic modules
Waaree is riding on the momentum of a new change in India, wherein the country shifts its base to renewable energy to meet all its future needs. The space is expected to jump exponentially in the next few years. With such an edge in the manufacturing space, Waaree qualifies as an interesting contender in the solar sector. But will it translate into a rewarding IPO? Let's dig deeper.
IPO Breakdown: What to Expect For Investors:
Waaree Energies' IPO is a book-built issue meant to raise ₹4,321.44 crores, comprised of:
Fresh Issue: ₹3,600 crores for the company's growth and expansion
Offer for Sale (OFS): ₹721.44 crores, wherein existing shareholders will be offering to sell part of their equity stakes
This isn't an IPO; this is a ticket to participate in the renewable energy revolution in India. Here's the twist: solar energy is a competitive field, and early momentum will matter. So, what are we looking for in the subscription numbers?
IPO Timeline and Important Dates
📅 Open for Subscription: October 21, 2024
📅 Close Date: October 23, 2024
📅 Allotment Date: October 24, 2024
📅 Tentative Listing Date: October 28, 2024
Price, Lot Size, and Investment Categories
🔹 Price Band: ₹1427 – ₹1503 per share
🔹 Minimum Lot Size (Retail): 9 shares (₹13,527)
🔹 sNII Investment: 15 lots (135 shares) = ₹202,905
🔹 bNII Investment: 74 lots (666 shares) = ₹1,000,998
Whether you're a retail investor or a high-net-worth individual (HNI), there’s room for everyone to participate. But will this IPO power up your portfolio or leave you in the dark?
Why Invest in Waaree Energies?
1️. Leader in a Boom Industry
Waaree is one of the dominant players in India's solar energy industry. The shift globally towards more sustainable energy sources places Waaree for long-term prospects.
2️. Fresh Funds for Growth
In the new issue of ₹3,600 crores, the company is looking to raise its capacity in manufacturing. Therefore, this would unlock much bigger opportunities and render the operations much more efficient.
3. Government Push on Renewables
With the government so aggressively pushing the idea of solar energy, companies like Waaree are going to be the beneficiaries of amiable policies, subsidies, and all-time peaking demand from people.
Potential Risks You Shouldn't Ignore about Waaree Energies
⚠️ Highly competitive market: The space for solar energy is teeming with domestic and international players. Thus, it'll require continuous innovation and cost-efficiency to stand out.
⚠️ Volatility in the post-listing market: Stock prices might be volatile after listing, especially with macroeconomic uncertainty. Therefore, preparing yourself for short-term fluctuations is necessary.
How to Apply Waaree Energies IPO?
Apply using IPO Ji! easy. Just log in to the portal, select Waaree Energies IPO, and bid within the subscription window from 21-23 October.
Subscribing early helps in quicker application processing, especially in the very sought-after retail category.
Final Verdict: Subscribe or Not?
The Waaree Energies IPO provides you with an attractive sector growth potential and solid expansion plans. If you believe in the future of renewable energy, then perhaps this could be something you should pay attention to. However, like all investments, there is a risk element involved. Keep track of market news and subscription numbers before making your decision.
Stay tuned for updates!
We will track the subscription numbers and key developments on IPO Ji. Come back here to follow live updates, allotment status, and performance on listing day!
Power Your Portfolio with Solar Energy! Apply now through IPO Ji and secure your spot in India’s renewable revolution.
Waaree Energies IPO - FAQs
Q. What is Waaree Energies IPO?
Waaree Energies IPO is a Mainboard IPO. The issue is priced at ₹1427-1503 per equity share. The minimum order quantity is 9 Shares. The IPO opens on Oct 21, 2024, and closes on Oct 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q. When does the Waaree Energies IPO open and close?
The Waaree Energies IPO opens on Oct 21, 2024 and closes on Oct 23, 2024.
Q. What is the issue size of the Waaree Energies IPO?
The size of Waaree Energies IPO is 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).
Q. What is the price band of the Waaree Energies IPO?
The IPO price band is set between ₹1427-1503 per equity share.
Q. How can I apply for the Waaree Energies IPO?
To apply for Waaree Energies IPO IPO, follow the steps given below:
- Open the IPO Ji App or Website
- Find Waaree Energies IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status
Q. What is the allotment date of the Waaree Energies IPO?
The share allotment date of Waaree Energies IPO is Oct 24, 2024.
Q. What is the Waaree Energies IPO listing date?
The Waaree Energies IPO will be listed on Oct 28, 2024.
Q. How to check Waaree Energies IPO allotment status online?
Follow the steps to check the allotment status for Waaree Energies IPO here.
Read More:
Swiggy IPO | Big Upcoming IPO in 2024 | NTPC Green Energy IPO