Waaree Energies Limited IPO

Waaree Energies Limited IPO opens for subscription on October 21, 2024, and closes on October 23, 2024. The allotment for the Waaree Energies IPO is expected to be finalized on Thursday, October 24, 2024. Waaree Energies IPO will list on BSE, NSE with a tentative listing date fixed as Monday, October 28, 2024.

Waaree Energies IPO price band is set at ₹1427 to ₹1503 per share. The minimum lot size for an application is 9 Shares. The minimum amount of investment required by retail investors is ₹13,527. The minimum lot size investment for sNII is 15 lots (135 shares), amounting to ₹202,905, and for bNII, it is 74 lots (666 shares), amounting to ₹1,000,998.

Waaree Energies IPO is a book-built issue of Rs 4,321.44 crores. The issue is a combination of a fresh issue of 2.4 crore shares aggregating to Rs 3,600.00 crores and an offer for sale of 0.48 crore shares aggregating to Rs 721.44 crores.

Waaree Energies IPO Details

Waaree Energies IPO Lot Size

Investors can bid for a minimum of 9 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Waaree Energies IPO Objectives

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.

About Waaree Energies Limited

Incorporated in December 1990, Waaree Energies Limited is a leading Indian manufacturer of solar PV modules, boasting an impressive installed capacity of 12 GW. With a diverse product portfolio that includes multicrystalline, monocrystalline, and advanced TopCon modules—featuring flexible bifacial and building-integrated photovoltaic (BIPV) options—the company operates four state-of-the-art manufacturing facilities across Gujarat, covering a total of 136.30 acres. The Tumb and Chikhli facilities hold multiple ISO certifications, reflecting our commitment to quality and safety in solar PV production. Serving over 1,300 customers in India and expanding our global reach, Waaree Energies combines a robust order book with an extensive retail network and an experienced management team, making us a trusted partner in the renewable energy sector. As of June 30, 2023, we proudly employ 1,019 dedicated professionals who drive our mission of advancing solar energy solutions.

Waaree Energies Limited Financial Information

Waaree Energies IPO Reservation

Waaree Energies IPO Timeline

Waaree Energies IPO opens on October 21, 2024, and closes on October 23, 2024.