Waaree Energies Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 1,427 to ₹ 1,503 per share |
| Lot Size | 9 Shares |
| Total Issue Size | 2,87,52,095 shares (aggregating up to ₹ 4,321.44 Cr) |
| Fresh Issue | 2,39,52,095 shares (aggregating up to ₹ 3,600.00 Cr) |
| Offer for Sale | 48,00,000 shares of ₹10 (aggregating up to ₹ 721.44 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 26,33,31,104 |
| Shareholding post issue | 28,72,83,199 |
About Waaree Energies Limited IPO, GMP, Details, Price, And Review
Incorporated in December 1990, Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW.
The product portfolio of solar energy products consists of the following PV modules:
1. Multicrystalline modules.
2. Monocrystalline modules.
3. TopCon modules include flexible bifacial modules (Mono PERC), both framed and unframed, as well as building-integrated photovoltaic (BIPV) modules.
Waaree Energies IPO Overview:
• Issue Size: ₹ 4,321.44 crores
· Fresh Issue: 2.4 crore shares (₹3,600.00 crores)
· Offer for Sale: 0.48 crore shares (₹721.44 crores)
• Subscription Dates:
· Open: October 21, 2024
· Close: October 23, 2024
• Price Band: ₹ 1,427 to ₹1,503 per share
• Minimum Lot Size: 9 shares
• Book Running 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
• Registrar: Link Intime India Private Ltd
Waaree Energies Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Objectives of Waaree Energies IPO
- The net proceeds of the Fresh Issue are proposed to be utilized in the following manner:
- 1. Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India(“Project”).
- 2. General corporate purposes.
Waaree Energies Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
₹ 3,496.41 Cr
Profit After Tax
₹ 401.13 Cr
Net Worth
₹ 4,471.71 Cr
Total Borrowing
₹ 261.24 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 30 June 2024 | 11,989.48 | 3,496.41 | 401.13 | 4,471.71 | 261.24 |
| 31 Mar 2024 | 11,313.73 | 11,632.76 | 1,274.38 | 4,074.84 | 317.32 |
| 31 Mar 2023 | 7,419.92 | 6,860.36 | 500.28 | 1,826.02 | 273.48 |
| 31 Mar 2022 | 2,237.4 | 2,945.85 | 79.65 | 427.13 | 313.08 |
| Amount in ₹ Crore | |||||
Waaree Energies Limited IPO, GMP, Details, Price, And Review IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Waaree Energies Limited IPO, GMP, Details, Price, And Review IPO GMP is currently trading at ₹129586, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹131089, which is 8621.82% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹1503 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹129586 and a lot size of 9 shares.
Waaree Energies Limited IPO, GMP, Details, Price, And Review IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-28 | ₹1503 | ₹1295 (86.16%) | 2024-10-28 |
Waaree Energies Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.79% |
| ROCE | 9.45% |
| Debt/Equity | 0.06 |
| RoNW | 8.81% |
| P/BV | 8.84 |
| PAT Margin (%) | 11.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 48.69 | 56.16 |
| P/E (x) | 30.87 | 26.76 |
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The INDIA IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Largest Solar PV Module Manufacturer in India.
The diversified base of Indian and global customers with a large order book.
Advanced manufacturing facility with global accreditations.
Extensive Pan India retail network.
Consistent track record of financial performance.
Experienced management team.
Download regulatory filings
Waaree Energies Limited IPO, GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Monday, October 21, 2024 |
| IPO Close Date | Wednesday, October 23, 2024 |
| Basis of Allotment | Thursday, October 24, 2024 |
| Initiation of Refunds | Friday, October 25, 2024 |
| Credit of Shares to Demat | Friday, October 25, 2024 |
| Listing Date | Monday, October 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 23, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹ 13,527 |
| Retail (Max) | 14 | 126 | ₹ 1,89,378 |
| S-HNI (Min) | 15 | 135 | ₹ 2,02,905 |
| S-HNI (Max) | 73 | 657 | ₹ 9,87,471 |
| B-HNI (Min) | 74 | 666 | ₹ 10,00,998 |