₹ 13527
₹1427- ₹1503
9
₹2500
66
23 Oct 2024
Download25 Oct 2024
28 Oct 2024
Application Details
Waaree Energies is set to launch its IPO from October 21, 2024, to October 23, 2024. The company has set a face value of ₹10 per share, with a price band ranging from ₹1,427 to ₹1,503 per share. Investors can apply in lots, with each lot comprising 9 shares. The total issue size includes 28,752,095 shares, aggregating up to ₹4,321.44 crore. This consists of a fresh issue of 23,952,095 shares, amounting to ₹3,600 crore, and an offer for sale (OFS) of 4,800,000 shares, valued at ₹721.44 crore.
Key dates for the IPO include the opening on Monday, October 21, and closing on Wednesday, October 23, 2024. The basis of allotment will be announced on Thursday, October 24, followed by the initiation of refunds and the crediting of shares to demat accounts on Friday, October 25. The company is expected to be listed on the stock exchanges by Monday, October 28, 2024. Additionally, investors must confirm their UPI mandate by 5 PM on October 23, 2024, to ensure successful participation.
For retail investors, the minimum application is for 1 lot, comprising 9 shares, at a total value of ₹13,527. The maximum application for retail investors is capped at 14 lots, or 126 shares, amounting to ₹1,89,378.
About Waaree Energies Limited
Company Overview
Waaree Energies Limited is India’s largest manufacturer of solar PV modules, established in 1990. Originally incorporated as ‘Anmol Fluid Connectors Pvt. Ltd’ in Mumbai, the company has undergone several name changes, becoming ‘Waaree Energies Pvt. Ltd’ in 2007, and later ‘Waaree Energies Ltd’ in 2013 after transitioning to a public company. Over the years, Waaree has made significant strides in the solar energy sector, offering sustainable energy solutions at affordable prices.
Manufacturing Facilities and Capacity
As of June 30, 2024, Waaree Energies operates five manufacturing facilities in India, covering a total area of 143.01 acres. These facilities are located in Surat, Tumb, Nandigram, Chikhli in Gujarat, and the IndoSolar Facility in Noida, Uttar Pradesh. The company boasts an aggregate installed capacity of 12 GW, with a current utilization of 43.37%. Waaree is also expanding its capacity with a 5.4 GW solar cell manufacturing facility at the Chikhli plant, which is expected to be operational by fiscal year 2025.
Product Portfolio
Waaree Energies specializes in a variety of solar PV modules, including:
- Multicrystalline Modules
- Monocrystalline Modules
- TOPCon Modules, including flexible bifacial Mono PERC modules, framed and unframed, and Building Integrated Photovoltaic (BIPV) modules.
The company is shifting its focus toward increased production of monocrystalline and TOPCon modules to meet growing market demand, and it plans to transition to TOPCon technology in the future.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.