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Open
21 Oct 2024
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Close
23 Oct 2024
3
Allotment
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Listing
Mon, Oct 28, 2024
Price Band
₹1427 to ₹1503
Issue Size
2,87,52,095 shares (agg. up to ₹4,321 Cr)
Lot Size
9 Shares
Listing Date
Mon, Oct 28, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 55.98x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 11,989.48 | 11,313.73 | 7,419.92 | 2,237.40 |
| Total Income | 3,496.41 | 11,632.76 | 6,860.36 | 2,945.85 |
| Profit After Tax | 401.13 | 1,274.38 | 500.28 | 79.65 |
| NET Worth | 4,471.71 | 4,074.84 | 1,826.02 | 427.13 |
| Reserves and Surplus | 4,221.69 | 3,825.00 | 1,594.92 | 230.43 |
| Total Borrowing | 261.24 | 317.32 | 273.48 | 313.08 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Premier Energies Ltd. | Mainboard | ₹2,830.40 Cr | ₹450 | 82.09 | ₹839.90 | +86.64% | ₹1,100.60 (+0.89%) |
| Vdeal System Ltd. | SME | ₹18.08 Cr | ₹112 | 11.79 | ₹178.50 | +59.38% | ₹158.00 (-0.32%) |
| Sahaj Solar Ltd. | SME | ₹52.52 Cr | ₹180 | 10.86 | ₹359.10 | +99.50% | ₹127.00 (+1.60%) |
| Ganesh Green Bharat Ltd. | SME | ₹125.23 Cr | ₹190 | 15.85 | ₹379.05 | +99.50% | ₹261.50 (+1.08%) |
| Shivalic Power Control Ltd. | SME | ₹64.32 Cr | ₹100 | 24.69 | ₹326.55 | +226.55% | ₹68.85 (-3.71%) |
| GP Eco Solutions India Ltd. | SME | ₹30.79 Cr | ₹94 | 21.44 | ₹393.75 | +318.88% | ₹418.10 (-0.56%) |
| Alpex Solar Ltd. | SME | ₹74.52 Cr | ₹115 | 54.66 | ₹345.45 | +200.39% | ₹862.45 (-2.88%) |
| Australian Premium Solar (India) Ltd. | SME | ₹28.08 Cr | ₹54 | 23.58 | ₹147.00 | +172.22% | ₹295.00 (+0.53%) |
| Akanksha Power & Infrastructure Ltd. | SME | ₹27.49 Cr | ₹55 | 24.02 | ₹65.10 | +18.36% | ₹90.10 (-2.22%) |
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹217.85 (+3.00%) |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹24.40 (+3.39%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India by way of an investment in our wholly owned subsidiary, Sangam Solar One Private Limited (“Project”); and | 2,775.00 |
| 2 | General corporate purposes. | 697.70 |
About Waaree Energies IPO
Incorporated in December 1990, Waaree Energies Limited is an Indian 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 Monocrystalline modules; and TopCon modules include flexible bifacial modules (Mono PERC), both framed and unframed, as well as building-integrated photovoltaic (BIPV) modules. As of June 30, 2023, the company 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 Tumb facility is certified with ISO 45001:2018 and ISO 14001:2015 for the manufacture, marketing, supply, and installation of solar photovoltaic modules. The Chikhli facility is certified with ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 for solar photovoltaic module manufacturing, marketing, and supply.The company also comply with various safety standards for its PV modules. As of March 31, 2021, 2022, and 2023, and as of June 30, 2023, the company served a total of 1,381, 716, 566, and 373 customers in India, respectively. Outside India, the
Contact Details
Waaree Energies Ltd. Address602, 6th Floor, Western Edge IWestern Express HighwayBorivali (East)Mumbai, Maharashtra, 400066+91 22 66444444investorrelations@waaree.comVisit Website