About Waaree Energies Ltd.
Waaree Energies Limited is an Indian company that was founded in December 1990 and produces solar PV modules with a combined installed capacity of 12 GW.
The following PV modules make up the solar energy product lineup.
Modules with many crystals
modules that are monocrystalline; and Building-integrated photovoltaic (BIPV) modules and flexible bifacial modules (Mono PERC), both framed and unframed, are examples of TopCon modules.
The Tumb plant is accredited to manufacture, sell, deliver, and install solar PV modules in accordance with ISO 45001:2018 and ISO 14001:2015.
The Chikhli plant is accredited to manufacture, sell, and deliver solar PV modules in accordance with ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015.For its PV modules, the firm also complies with a number of safety regulations. During the same periods, the firm serviced consumers outside of India. Strength in Competition India’s Largest Producer of Solar PV Modules Modern manufacturing plant with international standards
Competitive Strength
Experienced management team
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
Objects of the Issue (Waaree Energies IPO Objectives)
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(“Project”).
- General corporate purposes.
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 Timeline (Tentative Schedule)
Waaree Energies IPO opens on October 21, 2024, and closes on October 23, 2024.
| IPO Open Date | Monday, October 21, 2024 |
| IPO Close Date | Wednesday, October 23, 2024 |
| Basis of Allotment | Thursday, October 24, 2024 |
| Initiation of Refunds | Friday, October 25, 2024 |
| Credit of Shares to Demat | Friday, October 25, 2024 |
| Listing Date | Monday, October 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 23, 2024 |
Financial Details of WAREE ENERGIES LIMITED
Comparison with peer groups :
Waaree Energies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Waaree Energies IPO Prospectus
Waaree Energies Limited Contact Details
Waaree Energies Limited
602, 6th Floor, Western Edge I,
Western Express Highway,
Borivali (East), Mumbai -400066
Phone: +91 22 66444444
Email: investorrelations@waaree.com
Website: https://waaree.com/
Waaree Energies IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: waaree.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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