Waaree Energies Appoints Motilal Oswal, JPMorgan, Nuvama and Nomura, Plans to Raise $700 Million Through Institutional Share Sale

Waaree Energies Ltd., a prominent Indian solar panel manufacturer, is gearing up to raise $700 million through a share sale targeting institutional investors, as per The Bloomberg report.  

The company has appointed Motilal Oswal Investment Advisors Ltd., JPMorgan Chase & Co., Nuvama Wealth Management Ltd., and Nomura Holdings Inc. to manage this significant offering. 

Details of the Planned Share Sale 

The share sale is anticipated to commence as early as July, contingent upon prevailing market conditions.  

Waaree Energies has already secured approval from its board to raise up to ₹10,000 crore ($1 billion) through various fundraising avenues, including qualified institutional placements. 

With an impressive order book of approximately ₹53,000 crore, Waaree Energies is poised to embark on a capital expenditure plan amounting to ₹30,000 crore.  

This investment is aimed at bolstering the company's growth trajectory across its diverse business segments. 

Background and Recent Developments 

Waaree Energies successfully launched its initial public offering in October 2024, raising ₹4,320 crore at a price of ₹1,503 per share.  

Since the IPO, the company's stock has demonstrated robust performance, more than doubling in value to trade at ₹3,113. 

Read More: Tata Motors Plans to Increase EV Production by 50% to Meet Surging Demand! 

Strategic Financial Moves 

The decision to engage renowned financial institutions like Motilal Oswal, JPMorgan, Nuvama, and Nomura underscores Waaree Energies' commitment to executing a successful share sale.  

These institutions bring a wealth of expertise and experience, ensuring the offering is well-managed and aligns with the company's strategic objectives. 

Waaree Energies Share Price Performance 

As of May 29, 2026, at 7:48 PM, Waaree Energies share price on NSE was trading at ₹3,140.80 up by 0.37% from the previous closing price. 

Conclusion 

Waaree Energies' planned $700 million share sale represents a significant financial endeavour, supported by a consortium of esteemed financial advisors. The company's strategic focus on expanding its operations and capitalising on growth opportunities is evident in its robust financial planning and execution. 

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