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. Moreover, from August 31, 2021, they had a market share of 24% out of total aggregate installed capacity.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, a Mainline IPO of ₹4321.44 Cr opens for subscription from 21-10-2024 to 23-10-2024. The IPO consists of ₹3600.00 Cr fresh issue and ₹721.44 Cr offer for sale. The face value is Rs. 10 and the price band is fixed at 1427.00-1503.00 per share. You can apply to the Waaree Energies Mainline IPO for a minimum lot of 9 shares amounting of Rs. 13527. The tentative listing date on the exchange (BSE, NSE) is 28-10-2024.
Waaree Energies IPO Details
| IPO Issue Opening Date: | 21st Oct 2024 |
| IPO Issue Closing Date: | 23rd Oct 2024 |
| IPO Issue Price: | ₹1427.00-1503.00 Per Share |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹4321.44 Cr |
| Offer for Sale: | ₹721.44 Cr |
| Fresh Issue: | ₹3600.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 72.32% |
Waaree Energies IPO Dates
The Waaree Energies IPO date is October 21, 2024 and the close date is October 23, 2024. The Waaree Energies IPO allotment will be finalized on October 24, 2024 and the IPO listing on October 28, 2024.
| IPO Open Date: | October 21, 2024 |
| IPO Close Date: | October 23, 2024 |
| Basis of Allotment: | October 24, 2024 |
| Refunds: | October 25, 2024 |
| Credit to Demat Account: | October 25, 2024 |
| IPO Listing Date: | October 28, 2024 |
Waaree Energies IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ₹1427.00-1503.00 |
| Market Lot: | 9 Shares |
| 1 Lot Amount: | ₹13527 |
| Min Small HNI Lots(2-10 Lakh): | 135 shares (15 lots) – ₹202905 |
| Min Big HNI Lots(10+ Lakh): | 666 shares (74 lots) – ₹1000998 |
FY2024 Valuation Breakdown: Waaree Energies IPO
Check Waaree Energies 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: | 30.26% |
| ROCE: | 26.29% |
| EBITDA Margin: | 15.56% |
| PAT Margin: | 10.96% |
| Debt to equity ratio: | 0.08 |
| Earning Per Share (EPS): | ₹48.05 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.36% |
| Net Asset Value (NAV): | ₹154.96 |
