Status
Listed
Price band
₹1,427–₹1,503
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
9 shares
Minimum money
₹13,527 for 1 lot
Issue size
₹4,321.44 crore
Dates
21 Oct 2024 – 23 Oct 2024
Official links
- Prospectus
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
Waaree Energies Ltd. IPO is listed. It opens on 21 Oct 2024 and closes on 23 Oct 2024. The price band is ₹1,427 to ₹1,503. One lot is 9 shares, and the minimum amount is ₹13,527. The issue size is ₹4,321.44 crore, with a fresh issue of ₹3,600 crore and an offer for sale of ₹721.44 crore. In FY24, total income was ₹11,632.76 crore and profit after tax was ₹1,274.38 crore. Total income was up 69.6% from ₹6,860.36 crore in FY23. Profit after tax was up 154.7% from ₹500.28 crore in FY23.
The total subscription for Waaree Energies Ltd. is 79.44 times.
Waaree Energies Ltd. listed at ₹2,500.
Waaree Energies is a solar panel maker. It makes solar PV modules in India and sells them at home and abroad.
Dates
Opens
21 Oct 2024
Closes
23 Oct 2024
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
24 Oct 2024
Refunds
25 Oct 2024
Demat credit
25 Oct 2024
Listing
28 Oct 2024
Objects of the issue
- Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India by way of an investment in our wholly owned subsidiary, Sangam…
- and
- General corporate purposes
Promoters
Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi and Waaree Sustainable Finance Pvt.Ltd
Subscription
Subscribed 79.44x overall. Final, as of 23 Oct 5 pm IST.
Total
79.44x
Issue structure
Fresh issue and offer for sale
How the issue is split. Amounts are in ₹ crore.
| Part | Amount |
|---|---|
| Fresh issue | ₹3,600 crore |
| Offer for sale | ₹721.44 crore |
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 35% |
| Large bids | 15% |
| Big funds | 50% |
Issue
- Face value
- ₹10
- Fresh issue
- ₹3,600 crore
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹721.44 crore
- Exchanges
- BSE, NSE
- Registrar
- MUFG Intime India Pvt. Ltd.
Reservation
- Retail
- 35%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 50%
Financials
₹ crore, for the last three reported years.
Total income and profit
Each chart has its own scale. Amounts are in ₹ crore.
Total income
Profit after tax
| Year | Total income | Profit |
|---|---|---|
| FY22 | ₹2,945.85 crore | ₹79.65 crore |
| FY23 | ₹6,860.36 crore | ₹500.28 crore |
| FY24 | ₹11,632.76 crore | ₹1,274.38 crore |
Net worth
₹ crore, for each year that reports net worth.
| Year | Net worth |
|---|---|
| FY22 | ₹427.13 crore |
| FY23 | ₹1,826.02 crore |
| FY24 | ₹4,074.84 crore |
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY22 | 2,945.85 | 79.65 | 427.13 | — | — |
| FY23 | 6,860.36 | 500.28 | 1,826.02 | — | — |
| FY24 | 11,632.76 | 1,274.38 | 4,074.84 | — | — |
Listing
- Listing price
- ₹2,500
- Close on listing day
- ₹2,338.9
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- 66.33% versus ₹1,503
Frequently asked questions
When does this issue open?
It opens on 21 Oct 2024 and closes on 23 Oct 2024.
What is the lot size and the minimum amount?
One lot is 9 shares. The minimum amount is ₹13,527 for 1 lot.
When are allotment and listing?
Allotment is on 24 Oct 2024. Listing is on 28 Oct 2024.
What is the price band?
The price band is ₹1,427 to ₹1,503.
What is the issue size?
The issue size is ₹4,321.44 crore.
How many times was it subscribed?
The total subscription is 79.44 times, checked 23 Oct 2024, 5:00 pm IST.
What was the listing gain?
The listing gain against the top of the price band is 66.33%.
This page is a calendar of dates and prices. It is not a recommendation to apply.