Waaree Energies IPO

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.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Waaree Energies IPO Important Dates

IPO Open Date To be announced
IPO 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
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Waaree Energies

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.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  FY21 FY20 FY19
Revenue From Operation 19,527.76 19,957.83 15,910.35
EBITDA 1,254.23 1,177.78 1,653.59
EBITDA Margin (%) 6.29 5.83 10.25
Profit After Tax 481.90 390.22 823.40
EPS      
ROE 14.26 21.29 33.47

How to apply for Waaree Energies IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Waaree Energies IPO and approve the payment on your UPI ID.

Demat Account

Waaree Energies IPO Noteworthy Highlights:

  • They are one of the leading PV module facility manufacturing companies well-positioned to capitalize on industry tailwinds.
  • Consistent financial performance resulting in a strong balance sheet position.
  • Deep penetration in the rooftop panel installation segment with PAN Indian distributor network.

The Brand’s Pros & Cons:

Pros Cons
India’s solar capacity will continue to grow, and the company is well-positioned to capitalize on the tailwind. Future cash flow depends on the continuously increasing demand for solar energy. A decrease in order will impact profitability.
They are approved under the PLI scheme, which aims to promote efficiency in manufacturing PV modules in India and lower import dependency. Restrictions and import duties levied on the material and equipment required for production will impact future cash flow.
Waaree enjoys deep penetration in the rooftop segment through the PAN India franchise network. The company’s performance depends on continuous support from government policies, and changes in regulations in the future will impact its returns on capital.

Competitive Analysis: Market Peers

No listed Indian player is operating in the same line of Waaree Energies. So, it is not possible to provide competitor analysis.

Waaree Energies IPO FAQs

What is Waaree Energies IPO?

Waaree Energies IPO will be a combination of fresh issues of Rs 1350 crore and OFS of 4,007,500 equity shares, each worth Rs 2501.9 crore.

When will the Waaree Energies IPO allotment be available?

Details are not available.

What will be the Waaree Energies IPO lot size?

Details are not available.

When will Waaree Energies IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When is the Waaree Energies IPO listing date?

Details are not available. Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.

How to check the allotment status of Waaree Energies IPO?

Angel One investors can log in to their account to check the allotment status of Waaree Energies IPO.

What is the size of Waaree Energies IPO?

Details are not available.

How will I receive shares?

Your shares will get credited directly to your Demat account.

Is it necessary to approve a UPI mandate request immediately?

Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI handle.

How to apply for this Waaree Energies IPO via the Angel One App?

To apply for the IPO from the Angel One app, search for Waaree Energies in the active IPO list and click on apply.

What is the minimum order quantity for Waaree Energies IPO?

Details are not available.

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