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Waaree Energies Ltd.

Electric Equipment

IPO Details
  • Issue Type Book building
  • Price range Rs.1427-1503
  • Market Lot 9
  • Total Equity Shares 21079384
  • Face Value Rs. 10
  • Listing Date Oct 28, 2024
IPO Timeline
Opening date Oct 21, 2024
Closing date Oct 23, 2024
Listing Date Oct 28, 2024

IPO Details

We are the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 12 GW, as of June 30, 2023. (Source: CRISIL Report) For Fiscal 2023, we had the second best operating income among all the domestic solar PV module manufacturers in India. (Source: CRISIL Report) We commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life. Over the years, we have significantly expanded our aggregate installed capacity from 2 GW in Fiscal 2021 to 9 GW, as of March 31, 2023 which further increased to 12 GW as of June 30, 2023, as evidenced by our ability to quickly complete our expansion plans efficiently.

Projects

1. Project Name: Cost of proposed Project

Project Cost: 90499.59

2. Project Name: General corporate purposes

Project Cost: 6976.95

Promoters

Prmoters Name

1. Hitesh Chimanlal Doshi

2. Viren Chimanlal Doshi

3. Pankaj Chimanlal Doshi

4. Waaree Sustainable Finance Pvt Ltd

Prmoters Holdings
  • Pre Share Capital: 189291083
  • Pre Promoter Holding: 72.32
  • Offer to Public: 21079384
  • Post Share Capital: 184732083
  • Post Promoter Holding: 64.3

Registrar

Registrar Name:Link Intime India Pvt Ltd.
Phone: 91-022-25946970/71/72/73/74/75/76/77/78/60320
Email: helpdesk@linkintime.co.in
Website: www.linkintime.co.in

Lead Managers

  • Axis Capital Ltd.
  • IIFL Securities Ltd.
  • Jefferies India Pvt Ltd.
  • Nomura Financial Advisory & Securities (India) Pvt Ltd.
  • SBI Capital Markets Ltd
  • Intensive Fiscal Services Pvt Ltd
  • ITI Capital Ltd.

Subscription Details

Field Description Field Value
Ipo Code 2044
Total Equity 21079384

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 5837757
No of Shares Bid For Qualified Institutional Buyers 1217937402
Total No of Shares Bid For Qualified Institutional Buyers 208.63
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 487719216
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 64179801
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 666038385
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 4435838
No of Shares Bid For Non-Institutional Buyers 277175268
Total No of Shares Bid For Non-Institutional Buyers 62.49
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 4562550
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 258387543
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 14225175
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 10350288
No of Shares Bid For Retail Individual Investor 111701664
Total No of Shares Bid For Retail Individual Investor 10.79
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 97425324
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 14276340
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 455501
No of Shares Bid For Employee 2356299
Total No of Shares Bid For Employee 5.17
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 1961784
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 394515
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 21079384
No of Shares Bid For All 1609170633
Total 76.34