We will have a blockbuster IPO going to hit Dalal Street. It’s Waaree Energies IPO. Let’s study all the details of the IPO and the company one by one. Then, we will only decide whether we should apply for it or not. Whether its valuation is fair and How about its long-term investment perspective.
What is Waaree Energies?
Waaree Energies Limited ( WEL) is one of India’s largest solar PV module manufacturers. It was founded in 1990 and It has mainly started its business of Solar PV modules in 2007.
It has mainly four manufacturing plants in India with Global Presence. It provides Roop Top, Ground Mounted, and floating solar PV modules and also provides maintenance services.
Fundamentals and Profit & Loss
Below you can check the fundamentals and PNL statement.
a.Fundamentals
| MARKET CAPITALIZATION | 43173.99 Cr. |
| Revenue Growth | 16% |
| PAT Growth | 11.47 % |
| Price to Book | 8.84 |
| PE | 31.28 |
| ROCE | 9.45% |
| FACE VALUE | 10 |
b.Profit and Loss
Waaree Energies IPO Details
Lets take look at all details of IPO one by one.
IPO Overview
| IPO Detail | IPO Description |
| IPO Date | 21 oct, 2024 to 23 Oct,2024 |
| Listing Date | 28 Oct, 2024 |
| Price Band | 1427-1503 per share |
| Lot Size | 1 Lot contains 9 Shares |
| Issue Type | Book Built issue |
| Issue Size | 4321.44 Cr. which equals 28,752,095 Shares |
| Offer For Sale (OFS) | 721.44 Cr which equals 4,800,000 Shares |
| Fresh Issue | 3600 Cr which equals 23,952,095 Shares |
IPO Dates
| Event | Date |
| IPO Open Date | Monday, October 21, 2024 |
| IPO Close Date | Wednesday, October 23, 2024 |
| Basis of Allotment | Thursday, October 24, 2024 |
| Initiation of Refunds | Friday, October 25, 2024 |
| Credit of Shares to Demat | Friday, October 25, 2024 |
| Listing Date | Monday, October 28, 2024 |
IPO Lot Size
| Application Type | Lots | Shares | Amount |
| Retail (Min) | 1 | 9 | ₹13,527 |
| Retail (Max) | 14 | 126 | ₹189,378 |
| S-HNI (Min) | 15 | 135 | ₹202,905 |
| S-HNI (Max) | 73 | 657 | ₹987,471 |
| B-HNI (Min) | 74 | 666 | ₹1,000,998 |
IPO Subscription
| Subscription-based on Category | Subscription on Final Day |
| Retail Investors | 11.27X |
| Qualified Institutional Buyers | 215.03X |
| Non-Institutional Investors | 65.25X |
| Overall Subscription | 79.44X |
Waaree Energies Live IPO GMP
Currently, the Waaree Energies IPO is increasing day by day. and the CURRENT GMP of Waaree Energies Initial Public offerings is 1500 rupees which is almost 100%.
Study here – Affle Share Price Target
How to check Waaree Energies Live IPO GMP?
You can check Live IPO GMP on Moneysena- LIVE IPO GMP
How to check Waaree Energies IPO Allotments status?
Check allotment status here – Waaree Energies IPO Allotments status
Conclusion
Fundamentally strong
GMP Is very Strong
Moneysena View – Must Apply for Listing gain and also for Long Term Perspective.
FAQ
Subscribe or not to Waaree Energies IPO?
Yes, Must Apply for Waaree Energies Initial Public offerings (IPO).
What is the GMP of Waaree Energies IPO?
It’s 1500 per Share or 100% of the issue price
How to check the Waare Energies Allotment status of IPO?
Check allotment status here – Waaree Energies IPO Allotments status
What is the Price Band of Waaree Energies Initial Public Offerings?
Price Band of Waaree Energies IPO is 1427-1503.
Disclaimer– The views shared here are only for educational purposes. We are not SEBI registered. Please take advice from your personal finance adviser. We are not responsible for any loss incurred by you with above shared study.
Thank you
