Waaree Energies IPO GMP Today, Waaree Energies IPO Grey Market Premium Updates | Waaree Energies IPO, Latest target, Opening gain
Waaree Energies IPO began on Oct – Nov 2024. It will close on Oct – Nov 2024. The Total IPO Size is ₹ 3,000 Crore Approx. The company set its IPO price is ₹ – to ₹- per share Per Share. There are three basic categories in Waaree Energies IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
Waaree Energies plans to use a portion of the IPO proceeds to fund capital expenditure needs, including the establishment of a 6-gigawatt facility in Odisha. Waaree Energies is a solar panel manufacturing company that was founded in 1989 and is headquartered in Mumbai, India. It has plants in Surat and Umbergaon in Gujarat and has India’s largest solar panel manufacturing capacity. The funds will also be used for general corporate purposes.
Waaree Energies proudly operates India’s largest solar PV Module manufacturing capacity of 12 GW across its state-of-the-art plants in Chikhli, Surat, Tumb, and Nandigram in Gujarat.
Waaree Energies offers a wide range of products including solar inverters, lithium-ion batteries, solar thermal, and solar and industrial cables.
Waaree Energies also provides EPC services, project development, rooftop solutions, and solar water pumps.
The company’s initial share sale comprises a fresh issue of equity shares aggregating up to Rs 3,000 crore and an offer for sale of up to 32,00,000 equity shares having face value of Rs 10 each.
The company that competes with listed peer Websol Energy System will utilise Rs 2,500 crore out of the net fresh issue proceeds for establishing the 6GW of Ingot Wafer, a solar cell and solar PV module manufacturing facility in Odisha, and the remaining funds for general corporate purposes.
the company’s outstanding order book for solar PV modules reached 20.16 GW, encompassing domestic orders, export orders, and franchisee orders. Additionally, there are 3.75 GW of orders for its subsidiary, Waaree Solar Americas Inc., situated in the United States.
“The offer for sale comprises of up to 2,700,000 Equity Shares by Waaree Sustainable Finance Pvt Ltd (formerly known as Mahavir Thermoequip Pvt Ltd) (Promoter Selling Shareholder), up to 450,000 equity shares by Chandurkar Investments Pvt Ltd and up to 50,000 equity shares by Samir Surendra Shah (Other Selling Shareholders), respectively,” the company release stated.
Waaree Energies IPO Details:
| Issuer | Waaree Energies IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: Oct – Nov, 2024 | |
| Issue Closes: Oct – Nov, 2024 | ||
| Price Brand | ₹–to ₹– per share | |
| Issue Size | ₹ 3,000 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | – Shares | |
| Retail (Max) | ₹– | |
| QIB | % | |
| HNI | % | |
| Retail Individual Bidders | % | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | Shares | |
| UPCOMING IPO 2024 | Best sites for stock market |
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Waaree Energies IPO GMP Rates day by day
Waaree Energies IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Waaree Energies IPO Date, Allotment & Listing:
| Waaree Energies IPO Opening Date: | Oct – Nov, 2024 |
| Waaree Energies Green IPO Closing Date: | Oct – Nov, 2024 |
| Basis of Allotment: | Oct – Nov, 2024 |
| Initiation of Refunds: | Oct – Nov, 2024 |
| Credit to Demat Account: | Oct – Nov, 2024 |
| Listing Date: | Oct – Nov, 2024 |
Waaree Energies Limited Financial Information (Restated)
COMING SOON
Key Performance Indicator
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Objects of the Issue (Waaree Energies IPO Objectives)
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Waaree Energies IPO ALLOTMENT STATUS
How to Apply for Waaree Energies IPO?
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How to Apply Waaree Energies IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Waaree Energies”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Waaree Energies IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Waaree Energies”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date. 
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Frequently Asked Questions
What is Waaree Energies IPO?
Waaree Energies IPO is a main-board initial public offering of – Equity shares of the face value of ₹10 aggregating up to ₹ 3,000 Crores. The issue price of the IPO is ₹- to ₹- Per Equity Share. The minimum order quantity is – Shares per application and the offer type is Book Built Issue. The IPO opens on Oct – Nov, 2024 and closes on Oct – Nov, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Waaree Energies IPO opens on Oct – Nov, 2024 and closes on Oct – Nov, 2024.
How to apply for Waaree Energies IPO?
You can apply in Waaree Energies IPO online using either UPI or ASBA as payment method .
When Waaree Energies IPO allotment?
The finalization of Basis of Allotment for Waaree Energies IPO will be done on Oct – Nov, 2024 and the allotted shares will be credited to your demat account by Oct – Nov, 2024
Check the Waaree Energies IPO allotment status.
When is Waaree Energies IPO listing date?
The Waaree Energies IPO listing date is not yet announced. The tentative date of Waaree Energies IPO listing is Oct – Nov, 2024
What is the lot size of Waaree Energies IPO?
Waaree Energies lot size is – Shares and the minimum order quantity is 1 Share.