Waaree Energies IPO
MainboardOther Electrical Equipment
Listed On: Oct 28, 2024 at ₹ 2500.0(NSE)
₹ 13527 /9 Shares
Check AllotmentPrice Summary
Last Closing
2,891.00 (92.35%)52 Week High
3,743.0052 Week Low
2,300.00Last Update
6-Dec-2024 3:30 PM21 Oct, 2024
Open Date23 Oct, 2024
Close Date24 Oct, 2024
Allotment Date28 Oct, 2024
Listing DateIssue Price
₹1427-1503 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
2500.0(NSE)Listing Date
2024-10-28Market Lot
Retail : 9 Shares (₹13,527/-)S-HNI : 135 Shares (₹2,02,905/-)
B-HNI : 666 Shares (₹10,00,998/-)
Lead Manager
Axis Capital LimitedIifl 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
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)
Retail Portion
35% (Number of Retail Applications: 11,01,319 Approx),(Number of S-HNI Applications : 10,489 Approx),
(Number of B-HNI Applications : 20.,978 Approx)
Subscription
76.34 timesWaaree Energies IPO Subscription Details
As on | QIB | NII bNII sNII | 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 | 8.09 7.53 x 9.21 x | 3.17 x | 3.32 x |
Day 2 - 22-10-24 05:00 PM | 1.73 x | 24.36 24.83 x 23.43 x | 6.38 x | 8.80 x |
Day 3 - 23-10-24 05:00 PM | 208.63 x | 62.48 68.30 x 50.85 x | 10.79 x | 76.34 x |
Waaree Energies Valuations
EPS Pre IPO
₹48.69/-EPS Post IPO
₹56.16/-P/E Pre IPO
30.87P/E Post IPO
26.76RoNW
8.81%Waaree Energies Company Financials All values are in ₹ Cr.
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 |
About The Company
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 - Strength and Weakness
Largest solar PV module manufacturer in India with 12 GW capacity.
Diversified global customer base and robust order book of 16.66 GW.
Extensive pan-India retail network with 369 franchisees as of 2024.
Reliance on key customers; top 10 customers contribute 56.77% of revenue.
High dependency on exports: 57.64% of revenue from export sales.
Ongoing U.S. manufacturing expansion, estimated cost of $70 million.
Waaree Energies - Promoter(s)
Pre Issue Share Holding: 72.32%
Post Issue Share Holding: N/A%
- Hitesh Chimanlal Doshi
- Viren Chimanlal Doshi
- Pankaj Chimanlal Doshi
- Waaree Sustainable Finance Private Limited
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
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.
Other Details
Waaree Energies
602, 6th Floor, Western Edge I, Western Express Highway, Borivali (East), Mumbai -400066Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: waaree.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Waaree Energies IPO - FAQs
Ans. 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.
Ans. The Waaree Energies IPO opens on Oct 21, 2024 and closes on Oct 23, 2024.
Ans. 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).
Ans. The IPO price band is set between ₹1427-1503 per equity share.
Ans. 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
Ans. The share allotment date of Waaree Energies IPO is Oct 24, 2024.
Ans. The Waaree Energies IPO will be listed on Oct 28, 2024.
Ans. Follow the steps to check the allotment status for Waaree Energies IPO here.