Waaree Energies IPO GMP, Price, Date, Allotment

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Last updated on December 30, 2023

Waaree Energies IPO GMP

Waaree Energies IPO Description – Waaree Energies is the flagship company of the Waaree Group, boasting India’s largest Solar PV Module manufacturing capacity of 12 GW as of 30 June 2023, with plants located in Surat, Tumb, Nandigram, and Chikhli in the state of Gujarat, India.

The array of its solar energy offerings encompasses three types of PV modules: (i) multicrystalline modules; (ii) monocrystalline modules; and (iii) TopCon modules. This includes a variety of flexible modules, such as bifacial modules (Mono PERC) available in both framed and unframed options, as well as building-integrated photovoltaic (BIPV) modules.

Furthermore, Waaree Energies boasts a substantial order backlog for solar PV modules. As of 30 November 2023, the company’s outstanding order book for solar PV modules reached 20.16 GW, encompassing domestic orders, export orders, and franchisee orders. Additionally, there are 3.75 GW of orders for its subsidiary, Waaree Solar Americas Inc., situated in the United States.

The company has developed longstanding relationships with a marquee customer base. Some of its key clients in the domestic utility and enterprise segment include ReNew Power, ACME, Hero Solar, Mahindra Susten, Essel Infra, AMP Energy, Sukhbir Agro Energy, Solarworld Energy, and Rays Power Infra. As of 30 June 2023, its retail network consisted of 284 franchisees across India. It has customers in the United States, Canada, Italy, Hong Kong, Turkey, and Vietnam.

Waaree Energies IPO

Promoters of Waaree Energies – Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi and Waaree Sustainable Finance Private Limited (Formerly Known as Mahavir Thermoequip Private Limited)


Waaree Energies IPO Details

Waaree Energies IPO DatesComing soon
Waaree Energies IPO PriceComing soon
Fresh issueINR 3,000 crore
Offer For Sale3,200,000 shares
Total IPO sizeComing soon
Minimum bid (lot size)Coming soon
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

Waaree Energies Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Revenue1,953.042,854.276,750.873,328.29
Expenses1,920.522,827.486,162.632,957.64
Net income45.6179.65500.28338.27
Margin (%)2.342.797.4110.16
Figures in INR Crores unless specified otherwise

Waaree Energies IPO News


Waaree Energies Valuations & Margins

FY 2021FY 2022FY 2023
EPS2.363.8421.57
PE ratio
RONW (%)13.2317.7126.44
NAV17.8721.6775.03
ROCE (%)14.8721.8931.61
EBITDA (%)6.346.8813.76
Debt/Equity0.790.720.15
*Compiled by IPO Central from Prospectus

Waaree Energies IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
Coming soon

Waaree Energies IPO Objectives

The net proceeds of the Fresh Issue, i.e., gross proceeds of the Fresh Issue less the offer expenses apportioned to the company about the Fresh Issue (Net Proceeds) are proposed to be utilized in the following manner:

  • Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell, and Solar PV Module manufacturing facility in Odisha, India (Project) – INR 9,049.96 crore
  • General corporate purposes

Waaree Energies IPO Subscription – Live Updates

Coming soon


Waaree Energies – Comparison With Listed Peers

CompanyFace ValuePE ratioEPSRONW (%)NAVRevenue (Cr.)
Waaree Energies1021.5726.4475.036,860.36
Websol Energy System10NA(6.31)(12,628.95)0.0517.22

Waaree Energies IPO Allotment Status

Waaree Energies IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.


Waaree Energies IPO Dates & Listing Performance

Waaree Energies IPO Opening Date Coming soon
Waaree Energies IPO Closing Date Coming soon
Finalization of Basis of Allotment Coming soon
Initiation of refunds Coming soon
Transfer of shares to demat accounts Coming soon
Waaree Energies IPO Listing Date Coming soon
Opening Price on NSE Coming soon
Closing Price on NSE Coming soon

Waaree Energies IPO Reviews – Subscribe or Avoid?

Angel One –
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Asit C Mehta –
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Waaree Energies Offer Lead Manager

SBI CAPITAL MARKETS LIMITED
1501, 15th floor, A&B Wing
Parinee Crescenzo, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, Maharashtra
Phone: +91 22 4006 9807
Email[email protected]
Website: www.sbicaps.com


Waaree Energies Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, LBS Marg, Surya Nagar
Gandhi Nagar, Vikhroli (West)
Mumbai – 400 083 Maharashtra, India
Phone: +91 81081 14949
Email: [email protected]
Website: www.linkintime.co.in


Waaree Energies Contact Details

WAAREE ENERGIES LIMITED
602, 6th Floor, Western Edge – I,
Western Express Highway, Borivali (East),
Mumbai – 400 066, Maharashtra, India
Phone: +91 22 6644 4444
Email: [email protected]
Website: www.waaree.com


Waaree Energies IPO FAQs

How many shares in Waaree Energies IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Waaree Energies Public Offer?

The best way to apply in Waaree public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Waaree Energies IPO GMP today?

Waaree Energies IPO GMP today is NA per share.

What is Waaree Energies IPO kostak rate today?

Waaree Energies IPO kostak rate today is NA per application.

What is Waaree Energies Subject to Sauda rate today?

Waaree Energies Subject to Sauda rate today is NA per application.

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