Waaree Energies IPO

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

To be announced

About Company

The company is a primary player in the sustainable energy domain. They are focused on offering cost-effective, sustainable energy solutions across markets and help reduce carbon footprint. Waaree Energies has an aggregated installed capacity of 2 GW to produce PV modules.

They are the only Indian company with an in-house laboratory accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL).

Waaree Energies IPO Objectives

• The company proposes to use the net proceeds from the sale of fresh equities to finance establishing a 2 GW solar cell manufacturing facility.

Why should you invest in the Waaree Energies IPO?

Below are your top three reasons to invest in the IPO:

Waaree Energies is a leading Indian industry focused on PV module manufacturing, occupying a 24% market share in total installed capacity.
India’s solar energy capacity is steadily rising, and the company believes in receiving support from favourable government policies in progressing its business.
Waaree Energies enjoys strong relationships with several Indian and global marquee customers.

Waaree Energies IPO Details

Waaree Energies IPO combines fresh equities of Rs 1350 crore and an offer for sale from existing shareholders of 4,007,500 equities. The company is involved in manufacturing PV modules for the sustainable energy segment.

IPO Financials

Know before investing

Strengths

India’s solar capacity will continue to grow, and the company is well-positioned to capitalize on the tailwind.
They are approved under the PLI scheme, which aims to promote efficiency in manufacturing PV modules in India and lower import dependency.
Waaree enjoys deep penetration in the rooftop segment through the PAN India franchise network.

Risks

Future cash flow depends on the continuously increasing demand for solar energy. A decrease in order will impact profitability.
Restrictions and import duties levied on the material and equipment required for production will impact future cash flow.
The company’s performance depends on continuous support from government policies, and changes in regulations in the future will impact its returns on capital.