| Company Name | Waaree Energies Limited |
| Open Date | 21-10-2024 |
| Close Date | 23-10-2024 |
| Exchange | BSE, NSE |
| Lot Size | 9 Shares |
| Issue Price | ₹1427 to ₹1503 per share |
| Issue Size | 2,87,52,095 shares |
| Application Amount | ₹ 13,527 – ₹ 1,89,378 (9 to 126 shares) |
| Recommendation | Apply |
Waaree Energies Limited was originally formed and incorporated as “Anmol Fluid Connectors Private Limited” on Dec 18, 1990. The registered office is located at Mumbai, Maharashtra. The company is engaged in the manufacturing of solar PV modules and provide EPC and O&M services as well. The major revenue stream for the company is from solar PV modules through direct sales enterprises. The company had 1,752 full-time employees and 7,773 contract labours as of June 30, 2024.
| KPI’s | FY 22 | FY 23 | FY 24 |
| Revenue | 2,854.27 | 6,750.87 | 11,397.61 |
| EBITDA | 110.95 | 834.64 | 1,574.42 |
| Net Profit | 79.65 | 500.28 | 1,274.38 |
| RoCE | 9.15% | 26.92% | 22.03% |
| ROE | 18.63% | 27.21% | 31.18% |
| P/E | 391.41 | 69.68 | 31.40 |
| Opening Date | 21/10/2024 |
| Closing Date | 23-10-2024 |
| Basis of Allotment | 24-10-2024 |
| Initiation of Refunds | 25-10-2024 |
| Credit of Shares to Demat | 25-10-2024 |
| Listing Date | 28-10-2024 |
| 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 wholly owned subsidiary, Sangam Solar One Private Limited (“Project”) |
| General Corporate Purposes |
| Registered Office | Waaree Energies Limited 602, 6th Floor, Western Edge I, Western Express Highway, Borivali (East), Mumbai - 400066 |
| Phone | +91 22 66444444 |
| investorrelations@waaree.com | |
| Website | https://waaree.com/ |
| Waaree Energies IPO DRHP |
| Waaree Energies IPO RHP |
| Name | Link Intime India Private Limited |
| Phone | +91-22-4918 6270 |
| waaree.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/initial_offer/public-issues.html |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
| Share Holding Pre Issue (Promoters) | 71.80% |
| Share Holding Post Issue (Promoters) | 64.30% |