Waaree Energies IPO GMP Today, Waaree Energies IPO Grey Market Premium Updates | Waaree Energies IPO, Latest target, Opening gain

Waaree Energies IPO began on October 21, 2024. It will close on October 23, 2024. The Total IPO Size is ₹ 3,600.00 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.

The Tumb facility is certified with ISO 45001:2018 and ISO 14001:2015 for the manufacture, marketing, supply, and installation of solar photovoltaic modules. The Chikhli facility is certified with ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 for solar photovoltaic module manufacturing, marketing, and supply.The company also comply with various safety standards for its PV modules.

Incorporated in December 1990, Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW.

As of March 31, 2021, 2022, and 2023, and as of June 30, 2023, the company served a total of 1,381, 716, 566, and 373 customers in India, respectively. Outside India, the company served 31, 26, 33, and 20 customers during the same periods.

Competitive Strength

  • Largest Solar PV Module Manufacturer in India
  • The diversified base of Indian and global customers with a large order book
  • Advanced manufacturing facility with global accreditions
  • Extensive Pan India retail network
  • Consistent track record of financial performance
  • Experienced management team

The product portfolio of solar energy products consists of the following PV modules

  1. Multicrystalline modules
  2. Monocrystalline modules; and
  3. TopCon modules include flexible bifacial modules (Mono PERC), both framed and unframed, as well as building-integrated photovoltaic (BIPV) modules.

As of June 30, 2023, the company operates four manufacturing facilities in India, covering a total area of 136.30 acres. These facilities are located in Surat, Tumb, Nandigram, and Chikhli in Gujarat, India.

As of June 30, 2023, the company had 1,019 full-time employees.

Waaree Energies IPO Details:

Issuer Waaree Energies IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: October 21, 2024
Issue Closes: October 23, 2024 
Price Brand ₹1427to ₹1503 per share
Issue Size ₹ 3,600.00 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
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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: October 21, 2024
Waaree Energies Green IPO Closing Date: October 23, 2024
Basis of Allotment: October 24, 2024
Initiation of Refunds: October 25, 2024
Credit to Demat Account: October 25, 2024
Listing Date: October 28, 2024

Waaree Energies Limited Financial Information (Restated)

Waaree Energies Limited’s revenue increased by 70% and profit after tax (PAT) rose by 155% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Jun 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 11,989.48 11,313.73 7,419.92 2,237.4
Revenue 3,496.41 11,632.76 6,860.36 2,945.85
Profit After Tax 401.13 1,274.38 500.28 79.65
Net Worth 4,471.71 4,074.84 1,826.02 427.13
Reserves and Surplus 2,464.69 3,825 585.96 230.43
Total Borrowing 261.24 317.32 273.48 313.08
Amount in ₹ Crore

Key Performance Indicator

KPI as of June 30, 2024.

KPI Values
ROE 8.79%
ROCE 9.45%
Debt/Equity 0.06
RoNW 8.81%
PAT Margin (%) 11.47
Objects of the Issue (Waaree Energies IPO Objectives)

The net proceeds of the Fresh Issue are proposed to be utilised in the following manner:

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

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.

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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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IPO ALLOTMENT TIPS & TRICKS

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 ₹ 3,600.00 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 October 21, 2024 and closes on October 23, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Waaree Energies IPO will open?

The Waaree Energies IPO opens on October 21, 2024 and closes on October 23, 2024

How to apply for Waaree Energies IPO?

You can apply in Waaree Energies IPO online using either UPI or ASBA as payment method .Axis Capital Limited, Iifl Securities Ltd, Jefferies India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and Iti Capital Ltd are the book running lead managers of the Waaree Energies IPO, while Link Intime India Private Ltd is the registrar for the issue.

When Waaree Energies IPO allotment?

The finalization of Basis of Allotment for Waaree Energies IPO will be done on October 24, 2024 and the allotted shares will be credited to your demat account by October 25, 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 October 28, 2024

What is the lot size of Waaree Energies IPO?

Waaree Energies lot size is – Shares and the minimum order quantity is 1 Share.