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Waaree Energies IPO

Listed Listed stocks

Waaree Energies IPO Details

  • Bidding Date

    21-Oct-2024 to
    23-Oct-2024

  • Issue Size

    ₹4321.44 Cr

  • Price Band

    ₹1427 to ₹1503

  • Allotment date

    24-Oct-2024

  • Listing date

    28-Oct-2024

  • Lot size

    9

  • No. of shares

    2,87,52,096

  • Fresh issue/OFS

    ₹3600 Cr/₹721.44 Cr

About Waaree Energies Company

Waaree Energies Ltd was established in 2007, with a focus on solar photovoltaic (PV) module manufacturing. Since then, it has grown to become the largest manufacturer of solar PV modules in India, with an installed capacity that increased from 4 GW in Fiscal 2022 to 12 GW by June 30, 2024. The company uses advanced technologies including multicrystalline, monocrystalline, and emerging Tunnel Oxide Passivated Contact (TOPCon) technologies to produce a diverse portfolio of solar energy products. These products include bifacial modules, flexible modules, and building-integrated photovoltaics (BIPV). The company has developed a robust sales strategy that includes direct sales to utilities and enterprises, export sales, retail sales through a franchise network, and additional revenue from EPC services and operations & maintenance.

Read our in-depth analysis of the Waaree Energies Ltd IPO Here indepth analysis about ipo

Subscription Status

  • Category

    Status

  • QIBs

    208.6x

  • NIIs

    62.3x

  • Retail

    10.6x

  • Others

    5x

  • Total

    76.2x

Waaree Energies Financials

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FAQs for Waaree Energies IPO.

The issue size of Waaree Energies is ₹4,321.44 Cr.

Waaree Energies falls into Energy Equipment & Services industry.

The Waaree Energies IPO will be listed on both NSE and BSE.

The open and close dates for the Waaree Energies are 21-Oct-2024 & 23-Oct-2024.

The price band for the Waaree Energies ipo is ₹1427 to ₹1503

The listing date of Waaree Energies IPO is 28-Oct-2024.

The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.

Waaree Energies total subscription ratio is 76.2X.

Key financial of the Waaree Energies are:


Waaree Energies FY-24 FY-23 FY-22
Revenue (₹ Cr) 11397.61 6750.87 2854.27
EBIT (₹ Cr) 1297.62 668.18 67.67
Proft after Tax (₹ Cr) 1274.38 500.28 79.65
Debt (₹ Cr) 855.92 859.26 370.8
Net Worth (₹ Cr) 4148.49 1861.85 439.85
RoE (%) 30.72 26.87 18.11

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