WAAREE ENERGIES LIMITED Upcoming IPO

The Waaree Energies Limited IPO is set to make a significant impact in the renewable energy sector. This IPO, with a total issue size of ₹4,321.44 crores, is a combination of a fresh issue of 2.4 crore shares, amounting to ₹3,600 crores, and an offer for sale of 0.48 crore shares, aggregating to ₹721.44 crores.

                                               

Waaree Energies IPO Key Dates and Details

• IPO Opening Date: October 21, 2024
• IPO Closing Date: October 23, 2024
• Allotment Finalization Date: October 24, 2024
• Listing Date: Tentatively scheduled for October 28, 2024
• Price Band: ₹1,427 to ₹1,503 per share
• Minimum Lot Size: 9 shares per lot

Investment Details for Waaree Energies IPO

• Retail Investor Minimum Investment: ₹13,527 (for 9 shares)
• Small Non-Institutional Investor (sNII): 15 lots (135 shares), totaling ₹202,905
• Big Non-Institutional Investor (bNII): 74 lots (666 shares), amounting to ₹1,000,998

Waaree Energies IPO Structure

Particulars	Details
Issue Type	Book Built Issue IPO
Total Issue Size	28,752,095 shares (₹4,321.44 Cr)
Fresh Issue	23,952,095 shares (₹3,600.00 Cr)
Offer for Sale	4,800,000 shares (₹721.44 Cr)
Face Value	₹10 per share
Listing At	BSE, NSE

Waaree Energies IPO Timeline

• IPO Open Date: Monday, October 21, 2024
• IPO Close Date: Wednesday, October 23, 2024
• Basis of Allotment: Thursday, October 24, 2024
• Refund Initiation: Friday, October 25, 2024
• Credit of Shares to Demat: Friday, October 25, 2024
• Listing Date: Monday, October 28, 2024

About Waaree Energies Limited

Founded in December 1990, Waaree Energies Limited is one of India’s leading manufacturers of solar PV modules, with an impressive installed capacity of 12 GW. The company's product range includes multicrystalline modules, monocrystalline modules, and advanced TopCon modules like flexible bifacial modules.

Manufacturing Facilities

Waaree Energies operates four state-of-the-art manufacturing plants across India, spanning 136.30 acres in Gujarat's Surat, Tumb, Nandigram, and Chikhli regions. Each facility adheres to global safety and environmental standards, including certifications like ISO 45001:2018 and ISO 14001:2015.

Waaree Energies Financial Overview

Financial Metric	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets (₹ Cr)	11,989.48	11,313.73	7,419.92	2,237.4
Revenue (₹ Cr)	3,496.41	11,632.76	6,860.36	2,945.85
Profit After Tax (₹ Cr)	401.13	1,274.38	500.28	79.65
Net Worth (₹ Cr)	4,471.71	4,074.84	1,826.02	427.13

Competitive Strengths of Waaree Energies Limited

• Largest Solar PV Module Manufacturer in India: Leading the industry with a strong production capacity.
• Diverse Customer Base: A robust network of Indian and international clients with a significant order book.
• Advanced Manufacturing Facilities: Equipped with state-of-the-art technology and global certifications.
• Wide Pan-India Retail Presence: Extensive distribution network across India.
• Solid Financial Track Record: Consistent financial performance indicating sustainable growth.
• Experienced Management: Led by a team of industry experts.

Objects of the Waaree Energies IPO

The net proceeds from the fresh issue will be utilized for:

• Setting up a 6GW manufacturing facility in Odisha, India, focusing on Ingot Wafer, Solar Cell, and Solar PV Module production.
• General corporate purposes to support the company’s future growth initiatives.

Conclusion:

The Waaree Energies Limited IPO presents a promising opportunity for investors looking to tap into the rapidly growing renewable energy sector. With a strong financial performance, advanced manufacturing capabilities, and a diverse customer base, Waaree Energies is well-positioned to lead the solar energy market in India and beyond. As the company continues to expand its reach and scale its operations, this IPO could be a crucial step in its journey toward achieving its long-term growth objectives. Investors are advised to carefully evaluate the company's financials and market position before making any investment decisions.

Waaree Energies Limited Contact Information

Address: 602, 6th Floor, Western Edge I, Western Express Highway, Borivali (East), Mumbai 400066, Maharashtra, India
Email: ipo@waaree.com
Phone: +91-22-6644 4444
Website: https://www.waaree.com

Registrar Contact Information

Registrar: Link Intime India Pvt. Ltd.
Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli West, Mumbai - 400083
Phone: +91-22-4918 6200
Email: waaree.ipo@linkintime.co.in
Website: https://linkintime.co.in

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