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WAAREEENEREQ / NSE, BSEListed
Waaree Energies

Founded in December 1990, Waaree Energies Limited is one of India’s leading solar panel manufacturers with a production capacity of 12 GW. The company produces a wide range of solar modules, including multicrystalline, monocrystalline, and advanced TopCon modules, along with flexible bifacial panels, framed and unframed modules, and building-integrated photovoltaic solutions. Waaree has four manufacturing plants in Gujarat, located in Surat, Tumb, Nandigram, and Chikhli, covering 136.30 acres in total. The Tumb and Chikhli units are ISO-certified for safety and quality. Over the years, the company has served numerous customers across India and abroad and employed 1,019 full-time staff as of June 30, 2023.

DRHPANCHOR
₹1,427 - ₹1,50379.44x sub
Listed Price₹2274.00
Listing Gain+51.30%

IPO Schedule & Timeline

Bookbuilding IPO
Open21 Oct 2024
Close23 Oct 2024
Allotment25 Oct 2024
Listing28 Oct 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB56,63,925 shares
27.96%
HNI42,47,945 shares
20.97%
Retail99,11,870 shares
48.93%
Employee4,32,468 shares
2.13%

Minimum Application Lots

Retail1 Lot (9 shares)
₹13,527
sHNI15 Lots (135 shares)
₹2,02,905
bHNI74 Lots (666 shares)
₹10,00,998

Company Promoters

Hitesh Chimanlal DoshiViren Chimanlal DoshiPankaj Chimanlal DoshiWaaree Sustainable Finance Private Limited

Company Background

Founded in December 1990, Waaree Energies Limited is one of India’s leading solar panel manufacturers with a production capacity of 12 GW. The company produces a wide range of solar modules, including multicrystalline, monocrystalline, and advanced TopCon modules, along with flexible bifacial panels, framed and unframed modules, and building-integrated photo...

Lead Managers & Bankers

Axis Capital LimitedIIFL Capital Services LimitedIntensive Fiscal Services Private LimitedIti Capital LimitedJefferies India Private LimitedSBI Capital Markets Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun-24)₹3496.41 Cr
Growth+18.7%
Revenue Trend (₹ in Crores)
0.04.5k8.9k13.4kMar-22Mar-23Mar-24Jun-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun-243,496.41401.1311,989.48 261.24
Mar-2411,632.761,274.3811,313.73317.32
Mar-236,860.36500.287,419.92273.48
Mar-222,945.8579.652,237.40313.08

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Jun-2414.938.79%9.45%30.8726.76
Mar-2447.8630.26%26.29%00
Mar-2321.5726.26%31.61%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
25 Oct 2024
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
28 Oct 2024

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Waaree Energies. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization25 Oct 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date28 Oct 2024Trading commences on exchange

How to Check Waaree Energies Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Waaree Energies from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Waaree Energies IPO

Complete issue overview for Waaree Energies (WAAREEENER) IPO. The issue features an equity share price band of ₹1427 – ₹1503 per share with a minimum retail lot size of 9 Shares (minimum application amount of ₹13,527). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions