Waaree Energies IPO Details,Date, Price, GMP, Review.

October 30, 2024October 16, 2024

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.

Table of Contents

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

Fundamentals

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?