Waaree Energies IPO
Waaree Energies IPO is listed on BSE and NSE, priced at ₹1427–₹1503 per share. The stock debuted at ₹2500, delivering a listing gain of 66.3%. The IPO had a lot size of ₹9 shares and a minimum investment of ₹13,527.
Waaree Energies IPO
- IPO Dates
- Oct 21, 2024 – Oct 23, 2024
- Price band
- ₹1427-1503 per equity share
- Minimum Investment
- ₹13,527
- Issue size
- ₹4321.44 Cr
- Lot size
- 9
- Allotment Date
- Oct 24, 2024
- Listing
- Oct 28, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Oct 21, 2024
Open Date
Completed
-
Oct 23, 2024
Close Date
Completed
-
Oct 24, 2024
Allotment Date
Completed
-
Oct 28, 2024
Listing Date
Completed
Price Summary
- Last closing
- 3,070.20 (104.27%)
- 52 week high
- 3,865.00
- 52 week low
- 2,403.00
- Last update
Waaree Energies IPO Essentials
Waaree Energies IPO Details
Waaree Energies IPO is priced at ₹1427-1503 per share with a total issue size of 4321.44 crore. The IPO has a lot size of 9 shares and is listed on BSE and NSE.
- Issue price
- ₹1427-1503 per equity share
- Lot size
- 9 shares
- Face value
- ₹10 Per Equity Share
- Issue 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) - Total issue size
- 2,87,52,095 shares
(aggregating up to ₹4321.44 crore) - Fresh issue
- 2,39,52,095 shares
(aggregating up to ₹3600 crore) - Offer for sale (OFS)
- 48,00,000 shares
(aggregating up to ₹721.44 crore) - Listing at
- BSE, NSE
- List price
- 2500.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Axis Capital Limited, Iifl Securities Ltd, Jefferies India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited, Iti Capital Ltd
Market Lot Size
Investors can bid for a minimum of 9 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 9 | ₹13,527 |
| Retail(max) | 14 | 126 | ₹1,89,378 |
Waaree Energies IPO Reservation
Waaree Energies IPO reservation details show category-wise allocation of shares. Out of the total 2,87,52,094 shares, approximately 19.7% are reserved for QIB, 14.77% for NII, 34.47% for retail investors, 1.5% for employees, and 29.55% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 84,95,887 (29.55%) | |
| QIB Shares Offered | 56,63,925 (19.7%) | |
| NII (HNI) Shares Offered | 42,47,945 (14.77%) | |
| bHNI > ₹10L | 28,31,963 (9.85%) | 20,977 |
| sHNI < ₹10L | 14,15,982 (4.92%) | 10,488 |
| Retail Shares Offered | 99,11,869 (34.47%) | 11,01,318 |
| Employee Shares Offered | 4,32,468 (1.5%) | |
| Total Shares Offered | 2,87,52,094 (100%) |
Waaree Energies IPO Analytics
Waaree Energies IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Waaree Energies IPO Subscription Status
Waaree Energies IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
8.09x
7.53x
9.21x
|
3.17 x | 3.32 x |
|
Day 2
22-10-24 05:00 PM
|
1.73 x |
24.36x
24.83x
23.43x
|
6.38 x | 8.80 x |
|
Day 3
23-10-24 05:00 PM
|
208.63 x |
62.48x
68.30x
50.85x
|
10.79 x | 76.34 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 97,34,503 (Approx) | —x | —x | 8.01x |
Waaree Energies Valuations
Earnings
- EPS Pre IPO
- ₹48.69/-
- EPS Post IPO
- ₹56.16/-
- P/E Pre IPO
- 30.87
- P/E Post IPO
- 26.76
Returns
- ROE
- 8.79%
- ROCE
- 9.45%
- RoNW
- 8.81%
- PAT Margin
- 11.47
Fundamentals
- Debt / Equity
- 0.06
- Price / Book
- 8.84
Waaree Energies Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 11,313.73 | 7,419.92 | 2,237.4 |
| Revenue | 11,632.76 | 6,860.36 | 2,945.85 |
| Profit After Tax | 1,274.38 | 500.28 | 79.65 |
| Net Worth | 4,074.84 | 1,826.02 | 427.13 |
| Reserves & Surplus | 3,825.00 | 1,594.92 | 230.43 |
| Total Borrowing | 317.32 | 273.48 | 313.08 |
Waaree Energies Company & Offer Insights
About Waaree Energies
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 Promoter(s)
Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi, Waaree Sustainable Finance Private Limited are the company's promoters of Waaree Energies.
Waaree Energies IPO Issue Objectives
- •
- Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India(Project).
- •
- General corporate purposes.
Waaree Energies IPO - Anchor Investors
Waaree Energies mobilises Rs 1,277 Crore via anchor book.
Marquee investors like Morgan Stanley, Blackrock, Goldman Sachs, PGGM World Equity, Abu Dhabi Investment Authority, Eastspring Investments, BNP Paribas Funds, Carmignac Portfolio, Copthall Mauritius, Florida Retirement System, Pinebridge Global Funds, and CLSA Global Markets were part of the anchor book.
HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nomura India, Aditya Birla Sun Life Trustee, Canara Robeco Mutual Fund, Franklin India, Kotak Mahindra Mutual Fund, Mirae Asset, Motilal Oswal Mutual Fund, Quant Mutual Fund, Tata Mutual Fund, Invesco India, Jupiter India Fund, Ashoka Whiteoak ICAV, Bandhan Mutual Fund, Sundaram Mutual Fund, PGIM India, and UTI Mutual Fund also invested significant amount in the company Anchor book ahead of IPO.
Multiple insurance companies including HDFC Life, ICICI Prudential Life, Max Life, SBI General, SBI Life, Aditya Birla Sun Life, Bajaj Allianz Life, Kotak Mahindra Life, Reliance Nippon Life, and Tata AIA Life also invested in the company by investing through anchor book.
Waaree Energies IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Waaree Energies Limited | 48.05 | 47.86 | 154.96 | N/A | 30.36 | N/A | Consolidated |
| Websol Energy System Ltd. | -29.99 | -29.99 | N/A | N/A | N/A | N/A | Consolidated |
| Premier Energies Limited | 6.93 | 5.48 | 14.63 | 151.13 | 37.46 | 74.79 | Consolidated |
Notes:
- P/E ratio is calculated on the basis of Market price of October 4, 2024 and Earning per share as on March 31, 2024. Source for industry peer information included above
- P/E ratio has been calculated after considering closing NSE price of the peer as on October 4, 2024, obtained from NSE website and the diluted EPS.
- All the financial information for listed industry peer mentioned above is on a consolidated basis and is sourced from the financial statements for the financial year ended March 31, 2024 submitted to the Stock Exchanges. iii All the financial information for Waaree Energies Limited mentioned above is on a consolidated basis from the Restated Consolidated Summary Statements for the year ended March 31, 2024.
Waaree Energies IPO - Strengths and Risks
Waaree Energies IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Waaree Energies
+91 22 66444444
602, 6th Floor, Western Edge I, Western Express Highway, Borivali (East), Mumbai -400066
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Waaree Energies IPO is a book-built IPO worth ₹4321.44 crore. The price band is ₹1427–₹1503 per share. The IPO opens on Oct 21, 2024 and closes on Oct 23, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Waaree Energies IPO is ₹1427 to ₹1503 per share.
The lot size of Waaree Energies IPO is 9 shares.
The minimum investment for Waaree Energies IPO is approximately ₹13,527 based on the upper price band .
Waaree Energies IPO opens on Oct 21, 2024 and closes on Oct 23, 2024.
The allotment date of Waaree Energies IPO is Oct 24, 2024.
Waaree Energies IPO is expected to be listed on Oct 28, 2024, on BSE and NSE .
Waaree Energies IPO listed on Oct 28, 2024. It was issued at ₹2500.0(NSE) and is currently around ₹3070.20 as on 14-May-2026 3:30 PM, which is approximately 104.3% versus issue price. The 52-week high is ₹3,865.00.
Based on listing and post-listing performance, Waaree Energies IPO delivered around 104.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Waaree Energies IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Waaree Energies IPO valuation snapshot: P/E 26.76, EPS ₹56.16/-, P/B 8.84, RoNW 8.81%, and market cap N/A.
To apply for Waaree Energies IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Waaree Energies IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Waaree Energies IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Waaree Energies IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Waaree Energies IPO allotment status on IPO Ji for quick and easy access.