Waaree Energies IPO Date, Review, Price Details

Waaree Energies IPO Rating

5

Waaree Energies IPO Details

Waaree Energies IPO Market Lot

The Waaree Energies IPO minimum market lot is 9 shares with ₹13,527 application amount. The retail investors can apply up-to 14 lots with 126 shares or ₹189,378 amount.

Waaree Energies IPO Dates

The Waaree Energies IPO date is October 21, 2024 and the close date is October 23, 2024. The Waaree Energies IPO allotment will be finalized on October 24, 2024 and the IPO listing on October 28, 2024.

Promoters of Waaree Energies IPO

The promoters of the company are Hitesh Chimanlal Doshi, Virenchimanlal Doshi, Pankaj Chimanlal Doshiand Waaree Sustainable Finance Private Limited (Formerly Known As Mahavir Thermoequip Private Limited).

About Waaree Energies IPO

Waaree Energies Limited is India’s biggest producer of solar PV modules founded in 1990. Waaree Energies Limited started in 2007 and focused on producing solar PV modules to offer high-quality, reasonably priced sustainable energy solutions that open the door for sustainable energy and enhance quality of life. Their motto is to provide high-quality sustainable energy solutions to individuals and allow them to get a great customer base. Moreover, from August 31, 2021, they had a market share of 24% out of total aggregate installed capacity. Waaree Energies Limited currently consists of the following solar energy products: multicrystalline modules; and (ii) monocrystalline modules. They have also been recognized globally in many countries like the United States, Canada, Italy, Turkey, and Vietnam. The annual revenue for Waree energy limited for 2023-24 from operations is 1,13,976.09 million.

Waaree Energies IPO Company Financial Report

The company reported revenue of ₹11,632.76 crores in 2024 against ₹6,860.36 crore in 2023. The company reported profit of ₹1,274.38 crores in 2024 against profit of ₹500.28 crores in 2023.

Amount ₹ in Crores

Waaree Energies IPO Valuation – FY2024

Check Waaree Energies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell, and Solar PV Module manufacturing facility in Odisha, India (“Project”).
• General corporate purposes

Waaree Energies IPO Review

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Waaree Energies IPO Registrar

Link Intime India Private Limited
C-101, 247 Park,
LBS Marg, Surya Nagar, Gandhi Nagar
Vikhroli (West) Mumbai -400 083
Maharashtra, India
Phone: +91 81081 14949
E-mail: [email protected]
Website:https://www.linkintime.co.in/Initial_Offer/public-issues.html

IPO Lead Managers aka Merchant Bankers

• Axis Capital Limited
• IIFL Securities Limited
• Jefferies India Private Limited
• Nomura Financial Advisory and Securities (India) Private Limited
• SBI Capital Markets Limited
• Intensive Fiscal Services Private Limited
• ITI Capital Limited

Company Address

Waaree Energies IPO Limited
602, 6thFloor, Western Edge –I,
Western Express Highway, Borivali (East),
Mumbai -400 066, Maharashtra, India
Phone: +91 22 6644 4444
Email: [email protected]
Website: www.waaree.com

Waaree Energies IPO FAQs