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
₹ Crore
Profit After Tax
401.13
₹ Crore
Net Worth
4,471.71
₹ Crore
Total Borrowing
261.24
₹ Crore
| 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 | |||||||||
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 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 |
Frequently Asked Questions
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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 | ₹189,378 |
| S-HNI (Min) | 15 | 135 | ₹202,905 |
| S-HNI (Max) | 73 | 657 | ₹987,471 |
| B-HNI (Min) | 74 | 666 | ₹1,000,998 |