Waaree Energies Ltd IPO

Waaree Energies Ltd IPO

Capital Goods - Electrical Equipment

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Bidding period

21 Oct 2024 - 23 Oct 2024

Bid price

₹1,503.00 - ₹1,503.00

Listing on

BSE, NSE

Listing date

28 Oct 2024

Lot size

9 shares

Issue size

₹4,321.44 crore


Minimum investment

₹13,527.00 / 1 lot

Maximum investment

₹1,89,378.00 / 14 lot

Bidding closed on 23 Oct 2024

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Waaree Energies Ltd IPO dates

IPO opening date

21 Oct 2024

IPO end date

23 Oct 2024

Allotment date

24 Oct 2024

Initiation of refunds

25 Oct 2024

Credit of shares to demat

25 Oct 2024

IPO listing date

28 Oct 2024

Waaree Energies Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹11,313.73
Total liabilities ₹11,313.73
Total expenditure ₹10,239.90
Total revenue ₹11,632.76
Profit after tax ₹1,237.18
EBITDA ₹2,150.92
Adjusted EBITDA ₹0.00

Waaree Energies Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 71.8 64.28
Public group 28.2 35.72

Waaree Energies Ltd strengths and risks

Information currently unavailable

  • Largest solar PV module manufacturer in India well positioned to capture industry tailwinds and growth prospects for solar energy in India and globally.

  • Diversified base of global and Indian customers with a large order book.

  • Advanced manufacturing facilities with global accreditations.

  • Extensive pan-India retail network.

  • Consistent track record of financial performance.

  • Experienced senior management team with a committed employee base.

  • The company's business is dependent on certain key customers and the loss of any of these customers or loss of revenue from sales to any key customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • Its customer agreements include terms relating to liquidated damages and the company has paid liquidated damages and other related claims in Fiscal 2023 and Fiscal 2024 and the three months ended June 30, 2023 and June 30, 2024. In the event the company is unable to reduce such liquidated damages and other related claims its business, financial condition, results of operations and cash flows may be adversely impacted.

  • Its export sales make the company operations subject to risks and uncertainties of various international markets, in particular the United States. Further, its revenue from operations is significantly dependent on export sales and there is no assurance that its may be able to continue its export sales going forward.

  • The company intend to utilise a major portion of the Net Proceeds for funding its capital expenditure requirements. This includes part financing the cost of establishing the proposed fully integrated 6 GW facility by way of an investment in its wholly owned subsidiary Sangam Solar One Private Limited which may be subject to the risk of unanticipated delays in implementation, cost overruns and other risks and uncertainties.

  • The proposed Project is dependent on various government subsidies. In the event such subsidies does not materialize or the state or central government does not approve the entire subsidy amount, its may have to raise additional working capital, which may materially impact its cash flows, financial condition and results of operations.

  • Its ability to grow the company Retail Sales particularly, commercial and industrial, and residential business verticals, depends on the success of its relationship with the company franchisees and an inability to maintain or further expand its retail network, could negatively affect the company's business, cash flows and results of operations.

  • The company, through its Subsidiary, Waaree Solar Americas Inc., are in the process of expanding its manufacturing operations in the United States. The proposed facility is to be funded through its internal accruals as well financing agreements with lenders, which are yet to be finalized. Any failure to properly implement its manufacturing operations may have an adverse impact on the company's business, financial condition, and cash flows.

  • The company import a portion of its raw material supply from China. Restrictions on or import duties relating to materials and equipment imported for its manufacturing operations as well as restrictions on or import duties levied on the company products in its export markets may adversely affect the company's business prospects, financial performance and cash flows.

  • The company bid for solar projects for power supply with state power generation companies and for EPC and O&M projects through a competitive bidding process that expose it to risks, the occurrence of which may delay or prevent completion of such projects and may lead to unforeseen increases in costs and could adversely impact its business, financial condition, cash flows, and results of operations.

  • Growing its business through acquisitions or joint ventures may subject it to additional risks that may adversely affect its business, financial condition, cash flows, results of operations and prospects.

How to check the allotment status of the Waaree Energies Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Waaree Energies Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Waaree Energies Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Waaree Energies Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 81081 14949
E-mail ID waaree.ipo@linkintime.co.in
Website www.linkintime.co.in

Waaree Energies Ltd IPO reservation

QIB shares offered

56,63,926 (19.7%)

NII (HNI) shares offered

42,47,944 (14.77%)

Retail shares offered

99,11,869 (34.47%)

Anchor investor shares offered

84,95,888 (29.55%)

Total shares offered

2,87,52,096

Total shares with anchor investor

2,87,52,096

Waaree Energies Ltd IPO lead manager

  • Axis Capital Ltd
  • IIFL Securities Ltd
  • Jefferies India Pvt Ltd
  • Nomura Financial Advisory & Securities (India) P L
  • SBI Capital Markets Ltd
  • Intensive Fiscal Services Pvt Ltd
  • ITI Capital Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Waaree Energies Ltd IPO?

The listing date for the Waaree Energies Ltd IPO is 28 Oct 2024.

What is the issue size of Waaree Energies Ltd IPO?

The issue size of the Waaree Energies Ltd IPO is ₹4,321.44 cr.

What is the minimum lot size needed for Waaree Energies Ltd IPO?

The minimum lot size for Waaree Energies Ltd IPO is 9

When does the Waaree Energies Ltd open and close?

Waaree Energies Ltd IPO is open from 21 Oct 2024 to 23 Oct 2024.

How can I apply for the Waaree Energies Ltd IPO?

To apply for the Waaree Energies Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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