Waaree Energies renewable energy sector is rapidly gaining momentum, and at the forefront of this revolution is Waaree Energies Limited. Established in December 1990, Waaree has emerged as a leading Indian manufacturer of solar photovoltaic (PV) modules, with an impressive installed capacity of 12 GW. As the world shifts towards sustainable energy solutions, Waaree’s Initial Public Offering (IPO) presents an exciting opportunity for investors to be part of this green transformation
Waaree Energies IPO – Overview
Waaree Energies has built a strong reputation as a key player in the renewable energy landscape. The company’s diverse portfolio includes a variety of solar products, catering to the evolving needs of the market. With a commitment to quality and innovation, Waaree has become synonymous with reliable solar solutions.
Waaree Energies IPO – IPO Timeline
The Waaree Energies IPO is set to take place from October 21, 2024, to October 23, 2024. This window offers investors the chance to participate in a well-established company that has made substantial contributions to India’s solar energy landscape.
Waaree Energies IPO Details
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹1427 to ₹1503 per share |
| Lot Size | 9 Shares |
| Total 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 of ₹10 (aggregating up to ₹721.44 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 263,331,104 |
| Share holding post issue | 287,283,199 |
Waaree Energies IPO – Listing Information
The shares will be listed on major exchanges, including the BSE and NSE, providing easy access for both retail and institutional investors. The anticipated listing date is yet to be announced, but it is expected to follow shortly after the IPO period.
Waaree Energies – Issue Size Breakdown
The total issue size amounts to 28,752,095 shares, aggregating up to ₹4,321.44 Crores. This includes:
- Fresh Issue: 23,952,095 shares aggregating up to ₹3,600.00 Crores.
- Offer for Sale: 4,800,000 shares, amounting to ₹721.44 Crores.
Waaree Energies IPO Promoter Holding
The company’s promoters are Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi and Waaree Sustainable Finance Private Limited.
| Share Holding Pre Issue | 71.80% |
| Share Holding Post Issue | 64.30% |
Objectives of the IPO
The Waaree Energies IPO aims to achieve several key objectives:
- Capital Expenditure: To fund expansion initiatives and enhance production capacity, positioning Waaree for future growth.
- General Corporate Purposes: To address various operational and strategic needs, ensuring the company remains agile in a dynamic market.
Manufacturing Facilities
To support its production, Waaree operates four state-of-the-art manufacturing facilities across 136.30 acres in Gujarat, India. These facilities are strategically located in Surat, Tumb, Nandigram, and Chikhli, each certified with multiple ISO standards, ensuring the highest quality in manufacturing processes.
- Tumb Facility: Certified with ISO 45001:2018 and ISO 14001:2015, this facility focuses on the manufacturing, marketing, supply, and installation of solar PV modules.
- Chikhli Facility: Holds ISO certifications including 45001:2018, 9001:2015, and 14001:2015, underscoring its commitment to quality and sustainability.
Waaree Energies Product Portfolio
Waaree Energies offers an extensive range of PV modules:
- Multicrystalline Modules: Known for their efficiency and cost-effectiveness.
- Monocrystalline Modules: Renowned for their high efficiency and sleek design.
- TopCon Modules: These include innovative flexible bifacial modules (Mono PERC), which enhance energy capture. Waaree also offers building-integrated photovoltaic (BIPV) modules, integrating solar technology into building materials for advanced applications.
IPO DOC – https://waaree.com/wp-content/uploads/2024/10/waaree_energies_limited_rhp.pdf
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