Waaree Energy IPO Details
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹3,000 Crores |
| Offer for Sale: | Approx 3,200,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Waaree Energy IPO Market Lot
The Waaree Energy IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Waaree Energy IPO Dates
The Waaree Energy IPO date is 2024 and the close date is 2024. The Waaree Energy IPO allotment will be finalized on 2024 and the IPO listing on 2024.
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Basis of Allotment: | 2024 |
| Refunds: | 2024 |
| Credit to Demat Account: | 2024 |
| IPO Listing Date: | 2024 |
Promoters of Waaree Energy 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 Energy IPO
Waaree Energies Limited is India’s biggest producer of solar PV modules founded in 1990. Waaree Energy 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 Energy 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 Energy IPO Company Financial Report
The company reported revenue of ₹6860.36 crores in 2023 against ₹2945.85 crore in 2022. The company reported profit of ₹500.28 crores in 2023 against profit of ₹79.65 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹1,983.01 | ₹1,920.52 | ₹45.61 | ₹1,293.16 |
| 2022 | ₹2,945.85 | ₹2,827.48 | ₹79.65 | ₹2,237.40 |
| 2023 | ₹6860.36 | ₹6,162.63 | ₹500.28 | ₹7,419.92 |
| June 2023 | ₹3,415 | ₹2,957.64 | ₹338.27 | ₹8,169.24 |
Waaree Energy IPO Valuation – FY2023
Check Waaree Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 26.26% |
| ROCE: | 31.61% |
| EBITDA Margin: | 13.76% |
| PAT Margin: | 7.29% |
| Debt to equity ratio: | 0.29 |
| Earning Per Share (EPS): | ₹21.82 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.44% |
| Net Asset Value (NAV): | ₹75.03 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Websol Energy System Limited | (6.31) | NA | (12,628.95) | 0.05 | 17.22 Cr. |
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 Energy IPO Review
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Waaree Energy 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 Energy 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
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Note: The Waaree Energy IPO price band and date are officially announced. The (Waaree Energy IPO grey market premium) will be added to the IPO GMP page as it will start).
