WAAREE ENERGIES LIMITED

21 Oct 2024 - 23 Oct 2024 Individual Category IPO BSE NSE

Min Investment

₹13527

Price Band

₹1427-₹1503

Issue Size

210.79 lakhs
Equity Shares

Lot Size

9

IPO Dates
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21 Oct 2024

Open Date

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23 Oct 2024

Close Date

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24 Oct 2024

Allotment Date

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28 Oct 2024

Listing Date

Waaree Energies IPO subscription opens from Monday, October 21, 2024, and closes on Wednesday, October 23, 2024. It is a book-built issue of Rs 4,321.44 crore. This upcomingIPO is a combination of fresh issue and offer-for-sale. The fresh issue is of 3600 crore and OFS is of Rs 721.44 crore.  Waaree Energies IPO price band is decided at Rs 1,427 to Rs 1,503. The minimum lot size set for the retail category is 9 shares. The minimum investment for the retail category is Rs 13,527 approx, for small institutional investors it is Rs 2,02,905 and for Big non-institutional investors it is Rs 10,00,998.  Waaree Energies IPO allotment is expected to be finalised on Thursday, October 24, 2024. The listing will be on the BSE, NSE platform on Monday, October 28, 2024. Currently, Waaree Energies IPO GMP is Rs 1,330. You can check the latest GMP price by searching online. 

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About Waaree Energies Limited

Waaree Energies Limited was incorporated in 1990, the company is a manufacturer of Solar PV modules with an aggregate installed capacity of 12 GW. The product portfolio of solar energy products consists of the following PV modules. – Multicrystalline modules and Monocrystalline modules; and TopCon modules include flexible bifacial modules. Waaree Energies operates four manufacturing facilities in India, covering a total area of 136.30 acres. These facilities are located in Surat, Tumb, Nandigram, and Chikhli in Gujarat, India. The competitive strength of Waaree Energies IPO is 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 accreditations. 

Founded

1990

Managing Director

Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi and Waaree Sustainable Finance

Parent Organization

IPO Objectives

Waaree Energies IPO is to raise funds from the general public. The net funds raised from this IPO will be utilised for financing the cost of establishing 6GW of Ingot Wafer and solar PV manufacturing facility. The remaining money will be used for acquisitions and fulfilling the general corporate purposes. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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