Waree Energies IPO Vs Deepak Builders & Engineers Ltd IPO

An Initial Public Offering (IPO) is the first sale of stock by a private company to the public. This allows the company to raise capital for expansion, debt repayment, or other business purposes. In this blog, we will compare two IPOs, Waree Energies IPO and Deepak Builders & Engineers IPO, which opened for subscription on October 21, 2024

Waree Energies IPO

• Open Date: October 21, 2024
• Close Date: October 23, 2024
• IPO Allotment: October 24, 2024.
• IPO Size: ₹4,321.44 Crore
• Fresh Issue: ₹3,600.00 Crore
• Offer For Sale: ₹721.44 Crore
• Price Band: ₹1427 to ₹1503 per share.

About Waaree Energies Limited 

Waaree Energies Limited is a manufacturer of solar PV modules and possesses an aggregate installed capacity of 12 GW. The company’s product portfolio of solar energy products consists of the following PV modules

• Multicrystalline modules
• Monocrystalline modules; and
• TopCon modules include flexible bifacial modules (Mono PERC), both framed and unframed, as well as building-integrated photovoltaic (BIPV) modules.

Deepak Builders & Engineers IPO

• Open Date: October 21, 2024
• Close Date: October 23, 2024
• IPO Allotment: October 24, 2024.
• IPO Size: ₹260.04 Crore
• Fresh Issue: ₹217.21 Crore
• Offer For Sale:  ₹42.83 Crore
• Price Band: ₹192 to ₹203 per share.

About Deepak Builders & Engineers Ltd

Deepak Builders & Engineers India Limited was incorporated in September 2017. It is engaged in the construction of administrative, institutional, and industrial buildings, hospitals, stadiums, residential complexes, and other construction activities. The company has completed turnkey projects encompassing architectural, structural, civil, MEP, firefighting systems, public health services, IT systems, operation theatres, medical gas pipelines, and landscaping.

Deepal Builders business can be categorised into the following verticals:

• Construction Projects business;
• Infrastructure Projects business; and

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.