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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
Latest GMP
₹1295
Est. Gain
86.16%
✦ AI Insight
GMP Trend
28-10-2024₹1295Est. ₹2798+86.16%
27-10-2024₹1275Est. ₹2778+84.83%
26-10-2024₹1225Est. ₹2728+81.5%
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% | ₹988.80 |
| Vdeal System Ltd. | SME | ₹18.08 Cr | ₹112 | 11.79 | ₹178.50 | +59.38% | ₹146.15 |
| Sahaj Solar Ltd. | SME | ₹52.52 Cr | ₹180 | 10.86 | ₹359.10 | +99.50% | ₹94.30 |
| Ganesh Green Bharat Ltd. | SME | ₹125.23 Cr | ₹190 | 15.85 | ₹379.05 | +99.50% | ₹216.30 |
| Shivalic Power Control Ltd. | SME | ₹64.32 Cr | ₹100 | 24.69 | ₹326.55 | +226.55% | ₹63.35 |
| GP Eco Solutions India Ltd. | SME | ₹30.79 Cr | ₹94 | 21.44 | ₹393.75 | +318.88% | ₹408.70 |
| Alpex Solar Ltd. | SME | ₹74.52 Cr | ₹115 | 54.66 | ₹345.45 | +200.39% | ₹924.90 |
| Australian Premium Solar (India) Ltd. | SME | ₹28.08 Cr | ₹54 | 23.58 | ₹147.00 | +172.22% | ₹250.60 |
| Akanksha Power & Infrastructure Ltd. | SME | ₹27.49 Cr | ₹55 | 24.02 | ₹65.10 | +18.36% | ₹135.50 |
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹233.35 |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹19.50 |
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
Updated on Aug 5, 2026
Contact Details
Waaree Energies Ltd. Address602, 6th Floor, Western Edge IWestern Express HighwayBorivali (East)Mumbai, Maharashtra, 400066+91 22 66444444investorrelations@waaree.comVisit Website