Waaree Energies IPO subscription started on Monday, October 21, and will close on October 23 as per the schedule. The price band is set at ₹1,427 to ₹1,503 Per Share with a face value of ₹10.
Waaree Energies IPO Subscription Status
Waaree Energies IPO Subscribed over 9.17x on its second day till 5.00 PM on 22nd October.
- Waaree Energies IPO subscription QIB investors portion is 1.82times, while NII subscribed 24.72 times and RII investors have subscribed 6.67 times.
- The company has received bids for 18,57,65,913 shares against 2,02,56,207 shares on offer on the second day of subscription.
- Waaree Energies IPO Subscribed over 9.17x on day 2.
- Waaree Energies IPO Subscribed over 3.42x on day 1.
About Waaree Energies
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 a profit of ₹1,274.38 crores in 2024 against a profit of ₹500.28 crores in 2023.
Waaree Energies IPO GMP:
Waree Energies IPO GMP was ₹1,500 as of Tuesday, October 22. That indicates the IPO is trading at ₹3,003 with ₹1,500 premium in the grey market against the issue price of ₹1,503.
