Waaree Energies IPO description – Waaree Energies Ltd. is the flagship company of Waaree Group and it was incorporated on 18 December 1990. It has India’s largest Solar PV Module manufacturing capacity of 2 GW at its plants in Surat and Umbergaon in Gujarat. Waaree Energies is amongst the top player in India in providing EPC services, project development, rooftop solutions, and solar water pumps and also as an Independent Power Producer. It has presence in over 350 locations nationally and in 68 countries internationally.
It was the first and only Indian PV module manufacturing company to have a laboratory accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL).
The company has developed longstanding relationships with a marquee customer base. Some of its key clients in the domestic utility and enterprise segment includes ReNew Power, ACME, Hero Solar, Mahindra Susten, Essel Infra, AMP Energy, Sukhbir Agro Energy, Solarworld Energy, Rays Power Infra. As of 30 June 2021, its products were sold across India and in 19 international jurisdictions. It has 388 franchisees in 25 states and two Union Territories across India. Its has customers in the United States, Canada, Italy, Turkey and Vietnam. Key international clients include Central 40 and Novel Energy.
Promoters of Waaree Energies Limited – Hitesh Chimanlal Doshi, Virenkumar Chimanlal Doshi and Mahavir Thermoequip Private Limited
Waaree Energies IPO Details
| Subscription Dates | Coming soon |
| Price Band | Coming soon |
| Fresh issue | INR 1,350 crore |
| Offer For Sale | 4,007,500 shares (INR 0.00 – 0.00 crore) |
| Total IPO size | Coming soon |
| Minimum bid (lot size) | 0 shares (INR0.00) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Waaree Energies’ Financial Performance
| FY2019 | FY2020 | FY2021 | |
| Revenue | 1,612.8 | 2,021.3 | 1,993.4 |
| Expenses | 1,547.2 | 1,964.4 | 1,927.5 |
| Net income | 82.8 | 38.6 | 48.4 |
| Margin (%) | 5.2 | 1.9 | 2.4 |
Waaree Energies IPO News
- Waaree Energies RHP
- Waree Energies IPO DRHP
Waaree Energies Valuations & Margins
| FY2019 | FY2020 | FY2021 | |
| EPS | 4.18 | 2.12 | 2.50 |
| PE ratio | – | – | NA |
| RONW (%) | 32.11 | 14.01 | 14.28 |
| ROCE (%) | 33.47 | 21.29 | 15.49 |
| EBITDA (%) | 10.25 | 5.83 | 6.29 |
| Debt/Equity | 0.42 | 0.42 | 0.83 |
| NAV | – | – | 17.48 |
Waaree Energies IPO GMP Daily Trend
| Date | Waaree Energies IPO GMP | Kostak | Subject to Sauda |
Waaree Energies IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | ||||
| NII | ||||
| Retail | ||||
| Employees | ||||
| Total |
Waaree Energies IPO Reviews – Subscribe or Avoid?
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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 22 4918 6200
Email: [email protected]
Website: http://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 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 Timetable
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalisation of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
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 Energies IPO 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.