WAAREE ENERGIES IPO ? Are you applying๐โจ
Indiaโs largest solar module manufacturer
IPO Launch date : October 21
Anchor bidding starting October 18
Close on October 23
It aims to raise โน4,321.4 crore in total
Fresh issue of โน3,600 crore shares
Offer-for-sale worth โน721 crore by promoters.
The price band is โน1,427 and โน1,503
The IPO allocation includes 50% reserved for QIB
15% for non-institutional investors
35% for retail investors
Founded in 1990, Waaree Energies leads the Indian solar module manufacturing sector with an installed capacity of 12 gigawatts and a 20% domestic market share as of fiscal 2024. The company operates four manufacturing plants in Gujarat and holds an order book of 16.66 GW, including 3.75 GW of orders for its U.S. subsidiary, Waaree Solar Americas Inc.