Waaree Energies Limited is one of India’s largest solar energy companies and a leader in solar PV module manufacturing. Founded in 1989, the company operates under the Waaree Group and is headquartered in Mumbai. With a total installed capacity of 12 GW, Waaree is among the largest solar module producers globally outside China.
Key Operations and Products:
- Solar Modules: Waaree manufactures various types of solar panels, including polycrystalline, mono PERC, and bifacial modules.
- EPC Services: The company provides end-to-end solutions for utility-scale solar projects and has commissioned over 1 GW of solar EPC projects.
- Energy Storage & Solutions: Waaree offers lithium-ion batteries for energy storage and electric vehicles, solar inverters, and industrial cables.
- Solar Applications: It has a significant presence in residential and commercial rooftop installations and solar water pumping solutions.
Manufacturing and Expansion:
- Waaree has four advanced manufacturing facilities in India, with ongoing plans to develop a new 6 GW facility in Odisha.
- In addition to local operations, the company has expanded to 388 locations in India and operates in 68 countries internationally.
- Waaree recently acquired Indo Solar and aims to expand its solar cell manufacturing capacity to 5.4 GW.
With a mission to promote sustainable energy solutions, Waaree Energies plays a key role in India’s transition towards green energy while expanding its global footprint.
Waaree Energies Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 21 Oct 2024 |
| IPO Close Date | 23 Oct 2024 |
| Allotment Date | 24 Oct 2024 |
| IPO Listing Date | 28 Oct 2024 |
Waaree Energies Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 1427 to Rs. 1503 Per Equity Share |
| Market Lot | 9 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 4321 Crore. |
Waaree Energies Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 9 | Rs. 13527 |
| Maximum | 14 | 126 | Rs. 189378 |
| Small HNI (Minimum) | 15 | 135 | Rs. 202905 |
| Big HNI (Minimum) | 74 | 666 | Rs. 1000998 |
Waaree Energies Limited IPO Allotment Status
Click Here To Check IPO Allotment Status Waaree Energies Limited IPO
Click Here To Get ASBA Forms Waaree Energies Limited IPO
Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 11313.73 | 7419.92 | 2237.40 |
| Total Revenue | 11632.76 | 6860.36 | 2945.85 |
| Profit After Tax | 1274.38 | 500.28 | 79.65 |
Company Promoters:
The company’s promoters are Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi and Waaree Sustainable Finance Private Limited.
Objects of this Issue:
- Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India(“Project”).
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Waaree Energies Limited 602, 6th Floor, Western Edge I, Western Express Highway, Borivali (East), Mumbai -400066 Phone: +91 22 66444444 Email: investorrelations@waaree.com Website: https://waaree.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: waaree.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
