Waaree Energies Limited IPO
Waaree Energies Limited an Indian solar PV module manufacturer operates with a total installed capacity of 12 GW and a capacity utilization of 45.01% (43.37% for FY 2024). The company's product range includes multicrystalline, monocrystalline, and advanced TopCon modules, such as flexible bifacial (Mono PERC) and BIPV modules. It runs five manufacturing units across 143 acres in India, located in Gujarat (Surat, Tumb, Nandigram, Chikhli) and Noida, Uttar Pradesh
Price Band₹1427 - ₹1503 |
Dates21 Oct - 23 Oct |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹4,321.44 Crs |
Waaree Energies IPO Objects
- Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India
- General corporate purposes
Waaree Energies IPO Details
Price Band₹1427 - ₹1503 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹3,600.00 Cr (2.40 Cr Shares) |
Offer For Sale₹721.44 Cr (0.48 Cr Shares) |
Total Issue₹4,321.44 Cr (2.88 Cr Shares) |
Face Value₹10 per equity share |
Waaree Energies IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
0
0
Maximum
-
-
-
|
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| Small HNI |
Minimum
-
-
-
Maximum
-
-
-
|
|||
| Big HNI |
Minimum
-
-
-
|
|||
Waaree Energies IPO GMP
The estimated Grey Market Premium of Waaree Energies IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | B1 |
| Shareholder | B2 |
Waaree Energies IPO Financials
| Particulars | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 3,408.90 | 11,397.61 | 6,750.87 | 2,854.27 |
| Profit after Tax | 401.13 | 1,274.38 | 500.28 | 79.65 |
| Net Worth | 4,471.71 | 4,074.84 | 1,825.41 | 427.35 |
| Total Borrowing | 261.24 | 317.32 | 273.48 | 313.08 |
| Total Assets | 11,989.48 | 11,313.73 | 7,419.92 | 2,237.40 |
| NAV per share (in ₹) | 169.94 | 154.96 | 75.01 | 21.68 |
| EPS - Basic (in ₹) | 14.98 | 48.05 | 21.82 | 3.84 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 15.56% |
| PAT | 10.96% |
| RoNW | 30.36% |
| ROCE | 36.95% |
| Debt to Equity | 0.08 |
| PE Ratio | 31.28 |
| PB Ratio | 9.70 |
| Mkt Cap (in Crs.) | 43,178.66 |
- All the data pertains to FY 2023-24.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Waaree Energies IPO Peer Comparision
| Particulars | Waaree Energies | Websol Energy System | Premier Energies |
|---|---|---|---|
| EPS - Basic | 48.05 | -29.99 | 6.93 |
| NAV per share | 154.96 | N.A | 14.63 |
| RONW | 30.36% | N.A | 37.46% |
| EBITDAc | 15.56% | -24.50% | 15.90% |
| PAT Margin | 10.96% | -451.10% | 7.30% |
| Price to earning (PE) | 31.28 | N.A | 151.13 |
| Debt to Equity | 0.08 | 1.70 | 2.29 |
- All information pertains to FY 2023-24.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 4, 2024 for Peers
Waaree Energies IPO Peer Comparision
| Particulars | Waaree Energies |
|---|---|
| EPS - Basic | 48.05 |
| NAV per share | 154.96 |
| RONW | 30.36% |
| EBITDAc | 15.56% |
| PAT Margin | 10.96% |
| Price to earning (PE) | 31.28 |
| Debt to Equity | 0.08 |
| Websol Energy System | Premier Energies |
|---|---|
| -29.99 | 6.93 |
| N.A | 14.63 |
| N.A | 37.46% |
| -24.50% | 15.90% |
| -451.10% | 7.30% |
| N.A | 151.13 |
| 1.70 | 2.29 |
- All information pertains to FY 2023-24.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 4, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Waaree Sustainable Finance Private Limited | 21.69% |
| Pankaj Chimanlal Doshi | 9.34% |
| Hitesh Chimanlal Doshi | 5.36% |
| Viren Chimanlal Doshi | 4.16% |
| Other Promoter | 31.25% |
| Total | 71.80% |
Management Details
| Name | Designation |
|---|---|
| Hitesh Chimanlal Doshi | Chairman & MD |
| Amit Paithankar | CEO |
| Sonal Shrivastava | CFO |
Company Details
Name: Waaree Energies Limited
Address: 602, 6th Floor, Western Edge – I, Western Express Highway, Borivali (East), Mumbai - 400 066, Maharashtra, India
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Waaree Energies IPO is a Mainboard IPO having an issue size of Rs. ₹4,321.44 Crs. Waaree Energies IPO is priced at ₹1427 - ₹1503 per share. The issue opens on 21 Oct 24 and closes on 23 Oct 24.
Waaree Energies IPO opens on 21 Oct 24 and closes on 23 Oct 24.
The estimated Grey Market Premium of Waaree Energies IPO is ₹0 per share (0.00%).
The minimum lot size of Waaree Energies IPO is 0 shares & the minimum application amount is Rs. 0.
The allotment date of Waaree Energies IPO is 24 Oct 24.
The listing date of Waaree Energies IPO is 28 Oct 24.
Waaree Energies IPO is subscribed -.
Waaree Energies IPO is priced at ₹1427 - ₹1503 per share.
Click the allotment link on Waaree Energies IPO page of IPO360.
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