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Waaree Energies Ltd. IPO
Waaree Energies Ltd.
Waaree Energies Ltd. IPO Details
IPO Details
This Initial Public Offering (IPO) includes equity shares with a face value of Rs. 10 each. The total offer comprises two parts: a fresh issue of shares amounting to Rs. 30,000 million and an offer for sale (OFS) of 3.2 million equity shares by existing shareholders. The price per share, including the share premium, is yet to be determined. The offer will be made in accordance with the SEBI ICDR Regulations and published in leading English, Hindi, and Marathi newspapers prior to the bid opening date.
Funds Utilization
The net proceeds from the fresh issue are primarily earmarked for financing the development of a 6GW Ingot Wafer, Solar Cell, and Solar PV Module manufacturing facility in Odisha, India. Additionally, the funds will be used for general corporate purposes, ensuring the company's continued growth and operational expansion.
Company Business
The company is the largest manufacturer of solar PV modules in India, boasting a total installed capacity of 12GW as of June 30, 2023. In Fiscal Year 2023, it ranked second in terms of operating income among domestic solar PV module manufacturers. The company’s cutting-edge technology portfolio includes multicrystalline, monocrystalline, and emerging technologies like Tunnel Oxide Passivated Contact (TopCon), which optimizes energy efficiency by reducing energy loss.
Its diverse range of solar energy products includes flexible solar PV modules, bifacial modules (Mono PERC), and building-integrated photovoltaic (BIPV) modules. The company operates four facilities located in Surat, Tumb, Nandigram, and Chikhli in Gujarat, India, contributing to its significant manufacturing capacity.
Waaree Energies Ltd. Revenue & Profit
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8
6
4
2
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Waaree Energies Ltd. IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Waaree Energies Ltd. IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Waaree Energies Ltd. IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Waaree Energies Ltd. IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Waaree Energies Ltd. IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Waaree Energies Ltd. IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Waaree Energies Ltd. IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.