Why Waaree Energies Is Selling 2.4% Stake in Indosolar?

Waaree Energies, the promoter of Indosolar Ltd, is set to divest a 2.4% stake through an offer-for-sale (OFS) on July 10–11, 2025. The move has sparked interest among investors and market watchers, given the strategic timing and significance of the sale.

Let’s take a closer look at why this stake sale is happening and what it means for the company and its shareholders.

Waaree Energies Moves to Meet Public Shareholding Norms

The divestment is being carried out to comply with Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957, and SEBI’s LODR guidelines. According to Indosolar’s latest shareholding pattern (as of March 31, 2025), promoters held 96.15%, while public shareholding stood at just 3.85%.

 This level falls significantly short of the mandated 25% minimum public shareholding, prompting the current move.

Indosolar’s OFS Structure and Key Details

Waaree Energies will sell 10 lakh equity shares, representing 2.4% of Indosolar’s total issued and paid-up capital, via the BSE and NSE over 2 trading sessions (July 10 and 11).

• Floor Price: ₹265 per share
• Broker: Antique Stock Broking Ltd
• Designated Exchange: BSE
• Bidding Window: 9:15 AM to 3:30 PM on both days

Of the total shares offered:

• 10% is reserved for retail investors
• Minimum 25% is earmarked for mutual funds and insurers, subject to valid bids
• No retail discount is offered
• Allotment will follow a price-priority basis, with retail bids allowed at the cut-off price

Waaree Energies Q4 FY25 Financial Highlights

Waaree Energies delivered a strong financial performance in the fourth quarter of FY25, reinforcing its operational resilience and market positioning. The company’s net profit more than doubled year-on-year to ₹648.49 crore, while revenue rose 37.69% YoY to ₹4,140.92 crore. 

This growth was driven by improved operational efficiency, strong demand for solar solutions, and effective cost management. The robust quarterly results provide a solid financial backdrop for the promoter’s divestment in Indosolar, underscoring the company’s confidence and stability.

Read More: Best Green Hydrogen Stocks in India in July 2025-NTPC Ltd, Adani Power, and Oil India, Among Others Based on 5Y CAGR.

Conclusion

Waaree Energies’ OFS in Indosolar is a clear step toward regulatory compliance, aiming to boost public float and improve governance transparency. With solid financials supporting the move, the transaction is expected to enhance investor confidence while aligning the company with SEBI’s mandated norms.

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