Waa Solar Ltd IPO

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IPO Details

  • Open Date 31-May-18
  • Close Date 04-Jun-18
  • Lot Size 800
  • IPO Size ₹ 32.2 Cr
  • IPO Price Range ₹ 161
  • Min Investment ₹ 128800
  • Listing Exchange -
  • Basis of Allotment TBA
  • Refunds TBA
  • Credit to Demat Account TBA
  • Listing Date TBA

IPO Synopsis

Initial public offer of 20,00,000 equity shares of face value of Rs.10 each (equity shares) of Waa Solar Limited (company or issuer) for cash at a price of Rs. 161 per equity share (including a share premium of Rs. 151 per equity share) (issue price) aggregating to Rs. 32.20 Crores (issue ) consisting of a fresh issue of 17,50,000 equity shares of face value of Rs.10 each (equity shares) for cash at a price of Rs. 161 per equity share aggregating to Rs. 28.17 Crores (issue) and 2,50,000 equity shares of face value of Rs.10 each (equity shares) for cash at a price of Rs. 161 per equity share aggregating to Rs. 4.03 Crores through an offer for sale by Mr. Ashok Khurana and Mrs. Manju Khurana (referred as selling shareholders forming part of promoter group) of which 1,04,000 equity shares of face value of Rs.10.00 each for a cash price of Rs. 161 per equity share, aggregating to Rs. 1.67 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 18,96,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 161 per equity share aggregating to Rs. 30.53 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 30.15% and 28.58%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs.161 each. The issue price is 16.1 times of the face value.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Waa Solar Ltd IPO

Contact Information

Madhav House Subhanpura,
Nr Panchratna Building,
Vadodara, Gujarat 390023

Waa Solar Ltd IPO Lead Manager

Guiness Corporate Advisors Pvt Ltd

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