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Trending News: VBL Q2 Results: revenue rise 19.44% to 4805.00 and net profit rise 18.28% to 629.00 YoYOLECTRA Q2 Results: revenue rise 41.41% to 524.00 and net profit rise 60.42% to 48.00 YoYGMDCLTD Q2 Results: revenue rise 35.41% to 593.00 and net profit rise 41.41% to 128.00 YoYCHENNPETRO Q2 Results: revenue declined by 36.89% to ₹12,086.00 crore, and net profit declined by 288.49% to a loss of ₹634.00 crore YoY.Global Economic Outlook 2024: Policy Shifts, Regional Trends, and India’s Growth MomentumZENSARTECH Q2 Results: revenue rise 5.12% to 1308.00 and net profit decline -11.54% to 156.00 YoYAmber’s Q2 results show a 48.11% rise in revenue to ₹875.00 crore, while net profit declined by 150.00%, resulting in a loss of ₹12.00 crore YoY.ADANIGREEN Q2 Results: revenue rise 27.33% to 3055.00 and net profit rise 27.96% to 515.00 YoYSUPREMEIND Q2 Results: revenue rise 51.89% to 4799.00 and net profit decline -38.07% to 176.00 YoYZOMATO Q2 Results: revenue rise 40.65% to 4799.00 and net profit rise 79.55% to 176.00 YoYTrade setup for 23-oct-2024SRF Q2 Results: revenue rise 7.21% to 3424.00 and net profit decline -49.75% to 201.00 YoYMarket Summary for the 22-oct-2024Waaree Energies IPO allotment statusABFRL Q2 Results: revenue decline -186.10% to 1127.56 and net profit rise 7192.20% to 2.82 YoYPAYTM Q2 Results: revenue decline -51.75% to 1660.00 and net profit rise 131.40% to 930.00 YoYTrade Setup for 22-10-2024HFCL Q2 Results: revenue decline -1.55% to 1094.00 and net profit rise 4.11% to 73.00 YoYGarden Reach Shipbuilders closed at Rs. 1,805.00 (+2.29)% After ₹491 Crore Defence OrderRBI Bulletin – October 2024NELCO Q2 Results: revenue rise 7.15% to 82.55 and net profit decline -38.78% to 4.10 YoYCYIENTDLM Q2 Results: revenue rise 15.89% to 258.00 and net profit rise 54.55% to 11.00 YoYPNC Infratech Ltd Shares Plunge 20% Today: Key Factors Behind the DropDeepak Builders & Engineers India IPO DetailCGPOWER Q2 Results: revenue rise 17.03% to 2413.00 and net profit decline -10.00% to 220.00 YoYTATACONSUM Share Price Drops Following Q2 FY 24-25 Earnings ReleaseIndiaMART Faces Market Reaction: Share Price Drops Following Q2 FY 24-25 Earnings ReleaseTrade Setup for 21-Oct-2024MCX Q2 Rresults: revenue rise 45.53% to 257.00 and net profit rise 106.31% to 111.00 YoYWIPRO Q2 RESULT 2024-2025TECHM Q2 Results 2024-2025Gas allocation decision drag MGL & IGL share price down yesterday 18-Oct-2024Stock Market news for the day 18-Oct-2024Manappuram Finance’s stock crashed todayCompanies Results declare on 18-Oct-2024Hyundai Motor India IPO allotment statusWaaree Energies IPOCompanies Results declare on 16-Oct-2024News impact on companies 16-Oct-2024Companies Results declare on 15-Oct-2024New order news for companies on 15-Oct-2024Hyundai Motor India IPO Date, Review, Price Details
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Waaree Energies IPO

  • IPO
  • October 18, 2024
  • 1 Comments

IPO Timeline

Application start:  21-10-2024
Application end: 23-10-2024
Allotment begins: 24-10-2024
Refund Initiation: 25-10-2024
Allotment date: 25-10-2024
Listing on exchange:  28-10-2024

Price range

Min. Quantity

IPO Size

₹1427 – ₹1503

₹1427 – ₹1503

₹1427 – ₹1503

About Waaree Energies

Waaree Energies Limited (“WEL”) was founded in 1990. It is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30 (Source: CRISIL Report). Its product range features multicrystalline PV modules, monocrystalline PV modules, and TopCon PV modules.It has five manufacturing facilities in Surat, Tumb, Nandigram, and Chikhli in Gujarat, India, as well as one in Noida, Uttar Pradesh.

To get more information about Waaree Energies Limited click here

Purpose of PO

Waaree Energies Limited is set to launch its initial public offering (IPO) with a total issue size of ₹4,321.4 crore. This includes a fresh issue of ₹3,600 crore and an offer for sale amounting to ₹721.4 crore. Proceeds from the fresh issue will be used to establish a 6GW manufacturing facility for ingot wafers, solar cells, and solar PV modules in Odisha, as well as for general corporate purposes. The company’s shares will be listed on the NSE and BSE.

Financial summary of Waaree Energies

Year
FY22
FY23
FY24
Revenue
₹2,854
₹6,751 cr
11,398 cr
Profit
₹80 cr
₹500 cr
₹1,274 cr

How to apply Waaree Energies IPO

Following is the procedure to apply IPO

  1. Please log in to your stock broker account find the IOP section and select a specific IPO.
  2. select the UPI payment mode and enter your UPI ID so that the amount will get blocked in your bank account till the allotment date. hit submit/ apply button 

How to check the Waaree Energies IPO allotment status?

Login to your broker account find the IPO section and check the status of the IPO applied.

DRHP Draft Prospectus Link

Please review the company link and understand their business and risks before applying.

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