Waaree Energies IPO
IPO Listing Details
- Listing Date
28 Oct 2024
- Listing Price
₹2,550.00
- Listing Change
69.66%
- Last Traded Price
₹2,740.30
IPO Details
- Open Date
21 Oct 2024
- Close Date
23 Oct 2024
- IPO
Price Range
₹ 1427 - ₹ 1503
- IPO
Size
₹ 4321.44 Cr
- Listing Exchange
BSE, NSE
- Listing Date
28 Oct 2024
IPO Timeline
Waaree Energies IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
21-Oct-24 | 0.08 | 8.21 | 3.32 | 3.46 |
22-Oct-24 | 1.82 | 24.73 | 3.29 | 9.17 |
23-Oct-24 | 215.03 | 65.25 | 11.27 | 79.44 |
Last Updated: 23 October 2024 6:39 PM by 5Paisa
Waaree Energies IPO is set to open on 21 October 2024 and will close on 23 October 2024. Waaree Energies is an Indian company that manufactures solar PV modules with a total installed capacity of 12 GW.
The IPO is a combination of fresh issue of 2.4 Cr shares aggregating to ₹3,600 Cr and offer for sale of 0.48 Cr shares aggregating to ₹721.44 Cr. The price range is set between ₹1427 to ₹1503 per share and the lot size is 9 shares.
The allotment is scheduled to be finalized on 24 October 2024. It will go public on BSE, NSE, with a tentative listing date of 28 October 2024.
Axis Capital Limited, Iifl Securities Ltd, Jefferies India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and Iti Capital Ltd are the book running lead managers, while Link Intime India Private Ltd is the registrar.
Waaree Energies IPO Size
Types | Size |
---|---|
Total IPO Size | ₹4,321.44 Cr |
Offer For Sale | ₹721.44 Cr |
Fresh Issue | ₹3,600 Cr |
Waaree Energies IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 9 | ₹13,527 |
Retail (Max) | 14 | 126 | ₹189,378 |
S-HNI (Min) | 15 | 135 | ₹202,905 |
S-HNI (Max) | 73 | 657 | ₹987,471 |
B-HNI (Min) | 74 | 666 | ₹1,000,998 |
Waaree Energies IPO Reservation
Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
---|---|---|---|---|
QIB | 215.03 | 55,38,663 | 1,21,79,37,402 | 1,83,055.99 |
NII (HNI) | 65.25 | 43,73,206 | 27,71,72,883 | 41,659.08 |
Retail | 11.27 | 99,11,869 | 11,16,95,301 | 16,787.80 |
Employees | 5.45 | 4,32,468 | 23,56,155 | 354.13 |
Total | 79.44 | 2,02,56,207 | 1,60,91,61,741 | 2,41,857.01 |
Waaree Energies IPO Anchor Allocation
Anchor Bid Date | 18 October, 2024 |
Shares Offered | 8,495,887 |
Anchor portion Size (In ₹ Cr.) | 1,276.93 |
Anchor lock-in period end date for 50% shares (30 Days) | 23 November, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | 22 January, 2025 |
1. Partly finance the cost of setting up a 6GW manufacturing facility for Ingot Wafer, Solar Cell and Solar PV Modules in Odisha, India.
2. Allocate funds for general corporate purposes.
Waaree Energies incorporated in December 1990, is an Indian manufacturer of solar PV modules with a total installed capacity of 12 GW. The company's product portfolio includes multicrystalline, monocrystalline and TopCon modules such as flexible bifacial (Mono PERC) and building-integrated photovoltaic (BIPV) modules.
As of 30 June 2023, Waaree operates four manufacturing facilities across 136.30 acres in Gujarat, located in Surat, Tumb, Nandigram and Chikhli. The Tumb facility holds ISO 45001:2018 and ISO 14001:2015 certifications, while the Chikhli facility is certified with ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015. The company complies with safety standards for its PV modules.
Peers
Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
---|---|---|---|
Revenue | 11,632.76 | 6,860.36 | 2,945.85 |
EBITDA | 1809.58 | 944.13 | 202.53 |
PAT | 1,274.38 | 500.28 | 79.65 |
Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
---|---|---|---|
Total Assets | 11,313.73 | 7,419.92 | 2,237.4 |
Share Capital | 262.96 | 243.37 | 197.14 |
Total Borrowings | 317.32 | 273.48 | 313.08 |
Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
---|---|---|---|
Net Cash Generated From / (used in) operating activities | 2305.02 | 1560.23 | 700.86 |
Net Cash Generated From / (used in) investing activities | -3340.25 | -2093.82 | - 674.86 |
Net Cash Generated From / (used in) financing activities | 909.18 | 642.48 | 98.52 |
Net Increase (Decrease) In Cash And Cash Equivalents | -126.05 | 108.88 | 124.52 |
Strengths
1. Leading position in the industry, ensuring a competitive edge.
2. A mix of Indian and global clients with a large order book reducing dependency on any single market.
3. The company has modern facilities with official certifications which guarantee that its products are of high quality and reliable.
Risks
1. Heavy reliance on the solar industry, makes the company vulnerable to fluctuations in demand or policy changes.
2. Growing competition from foreign manufacturers could impact the company's market share.
3. Fluctuations in the prices of raw materials, like silicon, may impact profit margins.
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FAQs
Waaree Energies IPO opens from 21 October to 23 October 2024.
The size of Waaree Energies IPO is ₹4,321.44 Cr.
The price of Waaree Energies IPO is fixed at ₹1427 to ₹1503 per share.
To apply for Waaree Energies IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Waaree Energies IPO.
● 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.
The minimum lot size of Waaree EnergiesIPO is 9 shares and the investment required is ₹12843.
The share allotment date of Waaree Energies IPO is 24 October 2024
The Waaree Energies IPO will be listed on 28 October 2024.
Axis Capital Limited, Iifl Securities Ltd, Jefferies India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and Iti Capital Ltd are the book running lead managers for Waaree Energies IPO.
1. Partly finance the cost of setting up a 6GW manufacturing facility for Ingot Wafer, Solar Cell and Solar PV Modules in Odisha, India.
2. Allocate funds for general corporate purposes.
Contact Information
Waaree Energies
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 Register
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
Waaree Energies IPO Lead Manager
Axis Capital Limited
Iifl Securities Ltd
Jefferies India Private Limited
Nomura Financial Advisory And Securities (India) Pvt Ltd
SBI Capital Markets Limited
Intensive Fiscal Services Private Limited
Lti Capital Ltd