Waa Solar Ltd is incorporated in 2009 based in Gujarat. The company is generating solar power. They have setup of solar power project and by investing in special purpose vehicle associate and subsidiaries companies which are already generating solar power. The company got award from GUVNL in 2010 for setting up Solar Photovoltaic Grid Interactive Power Plant which has 10MW capacity. It was set up at Nayka village, Taluka-Sami, District Patan. The company entered into PPA with Airport Authority of India to set up a solar power plant of 100KWP at Raja Bhoj Airport, Bhopal on Built, Own and Operate (“BOO”) basis for a tenure of 25 years. Waa Solar ipo is starting from 31-May and ends on 04-June. The price band is around Rs.161 with 800 market lot. The ipo size is around 28.18 crore rupees.
IPO Review:
- Apply for Long Term
Waa Solar IPO Dates & Price Band:
- IPO Open: 31 May 2018
- IPO Close: 04 May 2018
- IPO Size: Approx Rs 32.20 Crore
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.161 Per Equity Share
- Listing on: BSE SME
- Shares: 2,000,000
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 800 Shares (Minimum Lot Size)
- Amount: Rs.1,28,800
IPO Allotment & Listing:
- Basis of Allotment: 08-June-2018
- Refunds: 11-June-2018
- Credit to demat accounts: 12-June-2018
- Listing: 13-June-2018
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Financial Results:
| Rs. in Crore | |||||
| Revenue | Expense | PAT | |||
| 2013 | 27.7 | 19.5 | 8.3 | ||
| 2014 | 29.0 | 2.36 | 5.4 | ||
| 2015 | 54.3 | 4.26 | 11.5 | ||
| 2016 | 46.9 | 40.6 | 6.3 | ||
| 2017 | 26.1 | 21.8 | 4.3 | ||
Grey Market Premium:
- The grey market is around Rs.12000 Subject to Sauda.
Waa Solar IPO Subscription Status:
- IPO Subscribed 1.74 times overall
Waa Solar IPO Allotment Status:
Company Promoters:
- Madhav Power Private Limited (MPPL)
Quick Links:
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Red Herring Prospectus
IPO Registrar:
Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Lead Managers:
- Guiness Corporate Advisors Pvt Ltd
Company Address:
Waa Solar Limited
Madhav House,
Nr. Panchratna Building,
Subhanpura, Vadodara, Gujarat -390023
Phone: 0265 -2290722
Email: [email protected]
Website: http://www.waasolar.org/
