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Waaree Energies Limited

  • Minimum Investment
    ₹12,843
  • Price Range
    ₹1 K - ₹2 K
  • Issue Size
    ₹4,321.44 Cr
  • Lot Size
    9 shares

Proceeds of this IPO to be used for

Partially finance the cost of establishing a 6GW ingot-wafer, solar cell, and solar PV module manufacturing facility in Odisha, India

General corporate purposes

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Waaree Energies Limited

Largest manufacturer

The company, as the largest solar PV module manufacturer in India, is well-positioned to capture industry tailwinds and growth prospects for solar energy both in India and globally

Diversified customers

The company's leadership position enables it to offer competitive pricing for its products, which in turn facilitates access to a large and diversified customer base and revenue generation from such customers

Extensive retail network

As of June 30, 2024, the company has a pan-India retail network consisting of franchisees, with its retail network comprising 369 franchisees across India

Geographic concentration

The company derives a substantial portion of its retail sales from Gujarat. Any adverse change in demand in Gujarat may have an adverse impact on the business

Raw material imports

The company imports a portion of its raw material supply from China. Any restrictions on raw materials from China may adversely affect the business prospects

Outstanding orders

The outstanding orders in the order book may be delayed, modified, or cancelled, which may have an adverse impact on the business, results of operations, and cash flows

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)Y/Y Change
Total Current Assets--
Total Non-Current Assets--
Fixed assets--
Total assets--
Total Current Liabilities--
Total Non-Current Liabilities--
Total Capital Plus Liabilities--
Total Shareholder Funds--
Total Debt to Equity--

Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
Particulars (In Cr)Y/Y Change
Cash from Operating Activity--
Cash from Financing Activities--
Cash from Investing Activities--
Net Cash Flow--

About Waaree Energies Limited

Waaree Energies Ltd. was incorporated on December 18, 1990. It is the largest manufacturer of solar PV modules in India, with the largest aggregate installed capacity of 12 GW as of June 30, 2023. Its portfolio of solar energy products consists of multi-crystalline modules, monocrystalline modules, and TopCon modules. This range includes flexible modules, which comprise bifacial modules, and building-integrated photovoltaic modules.
  • Promoter
    Hitesh Chimanlal Doshi
  • Promoter
    Viren Chimanlal Doshi
  • Promoter
    Pankaj Chimanlal Doshi
  • Promoter
    Waaree Sustainable Finance Private Limited

Waaree Energies Limited IPO FAQs

What is Waaree Energies Limited IPO?

Waaree Energies Limited IPO refers to the initial public offering of shares by Waaree Energies Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Waaree Energies Limited IPO?

For Waaree Energies Limited IPO the issue size is ₹4,321 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Waaree Energies Limited IPO?

For Waaree Energies Limited IPO the minimum investment is ₹12,843. The minimum investment for Waaree Energies Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Waaree Energies Limited IPO?

For Waaree Energies Limited IPO the lot size is 9 shares. The lot size of Waaree Energies Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Waaree Energies Limited IPO on Share.Market?

To apply for Waaree Energies Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Waaree Energies Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Waaree Energies Limited IPO?

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Waaree Energies Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Waaree Energies Limited IPO?

For Waaree Energies Limited IPO the allotment date is October 24, 2024. The allotment date of Waaree Energies Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Waaree Energies Limited IPO?

For Waaree Energies Limited IPO, the subscription opens on October 21, 2024 and closes on October 23, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Blockbuster Bidding Ongoing
-
Total Subscription
9.14x Oversubscribed