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20 Nov 2024
Waaree Energies Limited IPO, GMP, Details, Price, And Review
Incorporated in December 1990, Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW.
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The product portfolio of solar energy products consists of the following PV modules:
- 1. Multicrystalline modules.
- 2. Monocrystalline modules.
- 3. TopCon modules include flexible bifacial modules (Mono PERC), both framed and unframed, as well as building-integrated photovoltaic (BIPV) modules.
Waaree Energies IPO Overview:
- ● Issue Size: ₹4,321.44 crores
- ○ Fresh Issue: 2.4 crore shares (₹3,600.00 crores)
- ○ Offer for Sale: 0.48 crore shares (₹721.44 crores)
- ● Subscription Dates:
- ○ Open: October 21, 2024
- ○ Close: October 23, 2024
- ● Price Band: ₹1,427 to ₹1,503 per share
- ● Minimum Lot Size: 9 shares
- ● Book Running Lead Manager:
- ○ Axis Capital Limited
- ○ IIFL Securities Ltd
- ○ Jefferies India Private Limited
- ○ Nomura Financial Advisory and Securities (India) Pvt Ltd
- ○ SBI Capital Markets Limited
- ○ Intensive Fiscal Services Private Limited
- ○ ITI Capital Ltd
- ● Registrar: Link Intime India Private Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Waaree Energies Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 28-10-2024 | 1503 | 1295 (86.16%) | 28-Oct-2024 13:04 |
| 27-10-2024 | 1503 | 1300 (86.49%) | 27-Oct-2024 12:35 |
| 25-10-2024 | 1503 | 1400 (93.15%) | 25-Oct-2024 13:10 |
| 24-10-2024 | 1503 | 1560 (103.79%) | 24-Oct-2024 12:52 |
| 23-10-2024 | 1503 | 1415 (94.15%) | 23-Oct-2024 12:48 |
| 22-10-2024 | 1503 | 1438 (95.68%) | 22-Oct-2024 12:21 |
| 21-10-2024 | 1503 | 1480 (98.47%) | 21-Oct-2024 13:09 |
| 17-10-2024 | 1503 | 1580 (105.12%) | 17-Oct-2024 13:44 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Waaree Energies Limited IPO Overview
| Detail | Description |
|---|---|
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹1427 to ₹1503 per share |
| Lot Size | 9 Shares |
| Total Issue Size | 28,752,095 shares (aggregating up to ₹4,321.44 Cr) |
| Fresh Issue | 23,952,095 shares (aggregating up to ₹3,600.00 Cr) |
| Offer for Sale | 4,800,000 shares of ₹10 (aggregating up to ₹721.44 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 263,331,104 |
| Shareholding post issue | 287,283,199 |
Waaree Energies IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, October 21, 2024 |
| IPO Close Date | Wednesday, October 23, 2024 |
| Basis of Allotment | Thursday, October 24, 2024 |
| Initiation of Refunds | Friday, October 25, 2024 |
| Credit of Shares to Demat | Friday, October 25, 2024 |
| Listing Date | Monday, October 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 23, 2024 |
Waaree Energies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹13,527 |
| Retail (Max) | 14 | 126 | ₹189,378 |
| S-HNI (Min) | 15 | 135 | ₹202,905 |
| S-HNI (Max) | 73 | 657 | ₹987,471 |
| B-HNI (Min) | 74 | 666 | ₹1,000,998 |
Waaree Energies Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Waaree Energies IPO Promoter Holding
| Share Holding Pre Issue | 71.80% |
| Share Holding Post Issue | 64.30% |
Competitive Strength:
- ● Largest Solar PV Module Manufacturer in India.
- ● The diversified base of Indian and global customers with a large order book.
- ● Advanced manufacturing facility with global accreditations.
- ● Extensive Pan India retail network.
- ● Consistent track record of financial performance.
- ● Experienced management team.
Waaree Energies Limited Financial Information
| Period Ended | 30 June 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 11,989.48 | 11,313.73 | 7,419.92 | 2,237.4 | ||||||||||||||||||||||||||||||||||||
| Revenue | 3,496.41 | 11,632.76 | 6,860.36 | 2,945.85 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 401.13 | 1,274.38 | 500.28 | 79.65 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 4,471.71 | 4,074.84 | 1,826.02 | 427.13 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 2,464.69 | 3,825 | 585.96 | 230.43 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 261.24 | 317.32 | 273.48 | 313.08 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.79% |
| ROCE | 9.45% |
| Debt/Equity | 0.06 |
| RoNW | 8.81% |
| P/BV | 8.84 |
| PAT Margin (%) | 11.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 48.69 | 56.16 |
| P/E (x) | 30.87 | 26.76 |
Objectives of Waaree Energies IPO
The net proceeds of the Fresh Issue are proposed to be utilized in the following manner:
FAQs for Waaree Energies IPO
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What is Waaree Energies IPO?
Waaree Energies IPO is a main-board IPO. The company is going to raise ₹4,321 Crores via IPO. The issue is priced at ₹1427 to ₹1503 per equity share. The IPO is to be listed on BSE & NSE.
-
When Waaree Energies IPO will open for subscription?
The IPO is to open on October 21, 2024, for QIB, NII, and Retail Investors. The IPO will close on October 23, 2024.
-
What is Waaree Energies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Waaree Energies IPO Issue Size?
Waaree Energies IPO issue size is ₹4,321 crores.
-
What is Waaree Energies IPO Price Band?
Waaree Energies IPO Price Band is ₹1427 to ₹1503.
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What is Waaree Energies IPO Lot Size?
The minimum bid is 9 Shares with ₹13,527 amount.
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What is the Waaree Energies IPO Allotment Date?
Waaree Energies IPO allotment date is October 24, 2024.
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What is the Waaree Energies IPO Listing Date?
Waaree Energies IPO listing date is October 28, 2024. The IPO is to be listed on BSE & NSE.
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What is Waaree Energies current GMP?
The current GMP of the Waaree Energies is 1295 (86.16%).
RHP:
RHP of Waaree Energies Limited IPO
DRHP:
DRHP of Waaree Energies Limited IPO
-
What is Waaree Energies IPO?
Waaree Energies IPO is a main-board IPO. The company is going to raise ₹4,321 Crores via IPO. The issue is priced at ₹1427 to ₹1503 per equity share. The IPO is to be listed on BSE & NSE.
-
When Waaree Energies IPO will open for subscription?
The IPO is to open on October 21, 2024, for QIB, NII, and Retail Investors. The IPO will close on October 23, 2024.
-
What is Waaree Energies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Waaree Energies IPO Issue Size?
Waaree Energies IPO issue size is ₹4,321 crores.
-
What is Waaree Energies IPO Price Band?
Waaree Energies IPO Price Band is ₹1427 to ₹1503.
-
What is Waaree Energies IPO Lot Size?
The minimum bid is 9 Shares with ₹13,527 amount.
-
What is the Waaree Energies IPO Allotment Date?
Waaree Energies IPO allotment date is October 24, 2024.
-
What is the Waaree Energies IPO Listing Date?
Waaree Energies IPO listing date is October 28, 2024. The IPO is to be listed on BSE & NSE.
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What is Waaree Energies current GMP?
The current GMP of the Waaree Energies is 1295 (86.16%).
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