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The objective of the Issue
The net proceeds of the Fresh Issue are proposed to be utilised in the following manner:
- Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India.
- General corporate purposes.
IPO Details, Price, Market Lot
| Waaree Energies IPO Details | |
| IPO Open Date | 21 October 2024 |
| IPO Close Date | 23 October 2024 |
| IPO Issue Size | 28,752,095 Shares (Aggregating up to ₹4,321.44 Cr) |
| Fresh Issue | 23,952,095 Shares (Aggregating up to ₹3,600.00 Cr) |
| Offer for Sale | 4,800,000 Shares (Aggregating up to ₹721.44 Cr) |
| Retail Portion | Not less than 35% of the offer |
| NII Portion | Not less than 15% of the offer |
| QIB Portion | Not more than 50% of the offer |
| Listing At | NSE, BSE |
| Waaree Energies IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹1427 to ₹1503 Per Share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| Waaree Energies IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 9 Shares |
| Minimum Lot Size | 1 Lot (9 Shares) |
| Minimum Amount (Cut-off price) | ₹13,527 |
| Maximum Lot Size | 14 Lots (126 Shares) |
| Maximum Amount (Cut-off price) | ₹1,89,378 |
| Waaree Energies IPO Market Lot For S-HNI | |
| No. of Shares Per Lot | 9 Shares |
| Minimum Lot Size |
15 Lot (135 Shares) |
| Minimum Amount (Cut-off price) | ₹2,02,905 |
| Maximum Lot Size | 73 Lots (657 Shares) |
| Maximum Amount (Cut-off price) | ₹9,87,471 |
| Waaree Energies IPO Market Lot For B-HNI | |
| No. of Shares Per Lot | 9 Shares |
| Minimum Lot Size | 74 Lots (666 Shares) |
| Minimum Amount (Cut-off price) | ₹10,00,998 |
IPO Date, Listing Date, Allotment Date
| Waaree Energies IPO Time Table (Tentative) | |
| IPO Open Date | 21 October 2024 |
| IPO Close Date | 23 October 2024 |
| Basis of Allotment Date | 24 October 2024 |
| Initiation of Refunds | 25 October 2024 |
| Credit of Share to Demat Account | 25 October 2024 |
| IPO Listing Date | 28 October 2024 |
Financial Report
| Period Ended | Assets (₹ in Crore) |
Revenue (₹ in Crore) |
P A T (₹ in Crore) |
Net Worth (₹ in Crore) |
Borrowings (₹ in Crore) |
| 30 June 2024 | 11,989.48 | 3,496.41 | 401.13 | 4,471.71 | 261.24 |
| 31 March 2024 | 11,313.73 | 11,632.76 | 1,274.38 | 4,074.84 | 317.32 |
| 31 March 2023 | 7,419.92 | 6,860.36 | 500.28 | 1,826.02 | 273.48 |
| 31 March 2022 | 2,237.4 | 2,945.85 | 79.65 | 427.13 | 313.08 |
| Period Ended | 30 June 2024 | 31 March 2024 | 31 March 2023 | 31 March 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 |
| P A T | 401.13 | 1,274.38 | 500.28 | 79.65 |
| Net Worth | 4,471.71 | 4,074.84 | 1,826.02 | 427.13 |
| Borrowings | 261.24 | 317.32 | 273.48 | 313.08 |
| Amount in ₹ Corre | ||||
Company Promotor & Promotor’s Holding
| Pre Issue Promotor Holding | 71.80% |
| Post Issue Promotor Holding | 64.30% |
Company Address
IPO Registrar, Lead Manager, Prospectus
| Waaree Energies IPO Prospectus |
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| Waaree Energies IPO Registrar |
| Link Intime India Private Ltd |
| Waaree Energies IPO Lead Manager |
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