Waaree Energies IPO Date : Price, details, GMP.

Fast paced change in the trend towards the utilization of renewable resources has been especially notable in the latest decades and solar energy has been on the frontline of this shift. India, with its ever-growing energy demand being one of the biggest consumer markets in the world today, has set itself on an unsustainable path and has made massive leaps toward clean energy, which makes it central to the solar energy industry. Among the main profiles of the India solar revolution to highlight the company are Waaree Energies which has grown to become the largest solar panel manufacturer in the country. In the most recent future, the company hit the news for its long-awaited Initial Public Offering (IPO), which tells not only the company’s growth path, but also the growing investor interest in the companies that deal with green energy.

This blog will detail the journey of Waaree Energies, the details of its IPO, and what this development portends for the company, the renewable energy industry and potential investors.

Waaree Energies Ltd

waaree energies ltd is a part of integrated Waaree Group started in 1989 by Hitesh and Vallabh Bhai Doshi. Originally it was started as a manufacturing concern for instrumentation and process control equipment. It expanded over the period and eventually shifted its specialization towards the operation in the sector of solar energy; today it is one of the key players on the Indian renewable energy market.

waaree energies ltd mainly focuses its business activities on manufacture of solar PV modules, and are into system solutions, on grid/off grid solar power plant solutions, rooftop solutions, solar water pump solutions etc. It offers all rounded solar solutions including consultation, implementation, and servicing all over the country.

Solar panel manufacturing market leader

Solar Panels is its product which has made the company a leader in the manufacturing industry.

Introducing itself as the top solar company in India, Waaree Energies currently has a solar module manufacturing capacity of 12 GW per annum. The manufacturing units had been established fully equipped and have got international accreditations for quality. It may not only serve India but over 68 countries across the world making it enjoying a global solar panel manufacturing company status of Waaree.

India has set its target of achieving 280 GW of solar power by 2030 and with solar players like Waaree Energies in place, the target is easily achievable. The company has been instrumental in minimizing the use of fossil fuels in India and curbing greenhouse emissions.

Key Products and Services of Waaree Energies Ltd

Solar PV Modules: Currently, the company offers many kinds of photovoltaic modules that include monocrystalline and polycrystalline. These modules are well reputed regarding their experts’ efficiency, product reliability, and strict compliance with the international Quality Standards.
EPC Services: Waaree offers engineering procurement and construction solutions in the solar business. These services include the design and engineering of the intended solar plant right from its construction to its commission and maintenance services.
Rooftop Solutions: The company specializes in rooftop solar product services, which has been on the rise both in the residential and commercial segment in India.
Solar Water Pumps: At Waaree, a new product line it has independently developed is the solar water pumping system; it has dramatically brought about change in the rural farming sector where the targets are to use eco-friendly products at a cheaper cost.

Waaree Energies IPO Complete details

The process of going public through the IPO to join the league of public limited companies is evident in the case of Waaree Energies. The IPO is planned to collect about ₹1,500 to ₹2,000 crore (about USD 200 to 250 million) and will become one of the most anticipated by investors in India’s renewables sector.

Why an IPO?

Waaree Energies’ decision to go public is driven by several factors, reflecting its ambition to scale further in the rapidly growing renewable energy market:

Capital for Expansion: The company plans to employ the IPO funds to increase the production capacity of this business. As of now, the cornerstone company of the group, namely Waaree Energies has a production capacity of 12GW, out of which they plan to scale up even further in the near future in order to meet the rising demand that is prevailing in the global domestic and international market.
Reducing Debt: Like many other firms in the industry that depends heavily on capital, Waaree Energies has relied on debt to finance its operations. The raised IPO funds are expected to be utilized to bring down a part of the debt thus meaning a streamlining of the interest expenses of the company.
R&D Investments: This has informed the management of Waaree Energies to set aside more resources for research and development in order to meet the change that is characterizing the solar industry. The IPO funding will cater for these activities making it possible for Waaree to invest in such areas like enhancing efficiency of solar panels and energy storage systems.
Brand Building and Market Positioning: The going public will have a positive impact on the company’s exposure in the market not only increasing its brand awareness but also making it a better player in the global renewable energy market.

waaree energies ipo date & Details

Now we understand that being a book built issue, the Waaree Energies initiative had an Initial Public Offer of Rs 4,321.44 crores. It can be split up into the new issue of 2.4 crore of shares to raise Rs 3,600.00 crore and an offer for sale of 0.48 crore shares to raise Rs 721.44 crore.

The price band for Waaree Energies IPO has been fixed at Rs 55/- per share and subscription for the company’s IPO opens on October 21, 2024 and closes on October 23, 2024. This Allotment of the waaree energies ipo date is expected to get finalised by Thursday, 24th Of October 2024. IPO of Waaree Energies is going to float on BSE, NSE and the company has made the tentative listing date of the company as Monday October 28, 2024.

Prices of the Waaree Energies IPO has been fixed at ₹1427 to ₹1503 per share. An application for purchase cannot be less than nine shares of the company’s total lot size. The smallest investment value that can be made by an RI is ₹13,527. The minimum lot size for sNII was 15 lots (135 shares) at ₹202,905, while that of bNII was 74 lots (666 shares) at ₹1, 00,0998.

Axis Capital Limited, Iifl Group-Housing Finance Limited, Jefferies India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, SBI Capital Markets Limited Intensive Fiscal Services Private Limited and Iti Capital Ltd are the book running lead managers for the issue While Link Intime India Private Ltd is the registrar for the issue.

Waare Energies GMP : waaree energies ipo date last GMP is ₹1515, last updated Oct 21st 2024 03:59 PM. With the price band of 1503.00, Waaree Energies IPO ‘s estimated listing price is ₹3018 (cap price + today’s GMP).The expected percentage gain/loss per share is 100.80%.

Expected Listing Waaree Energies Share Price : Waaree Energies IPO ‘s expected listing share price is ₹3018 (cap price + today’s GMP).The expected percentage gain/loss per share is 100.80%.

Waaree Energies IPO GMP :

IPO Date	October 21, 2024 to October 23, 2024
Listing Date	October 28, 2024
Face Value	₹10 per share
Price Band	₹1427 to ₹1503 per share
Lot Size	9 Shares
Total Issue Size	28,752,095 shares (aggregating up to ₹4,321.44 Cr)
Fresh Issue	23,952,095 shares (aggregating up to ₹3,600.00 Cr)
Offer for Sale	4,800,000 shares of ₹10 (aggregating up to ₹721.44 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre issue	263,331,104

Waaree Energies IPO Date and Timeline:

IPO Open Date	Monday, October 21, 2024
IPO Close Date	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
Cut-off time for UPI mandate confirmation	5 PM on October 23, 2024

Waaree Energies IPO Lots allotment

Application	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

Waaree Energies IPO Advantages and Risks Involved

Advantages:

Renewable Energy Boom: When investing in any business, people tend to go for what they believe would be the future, especially when it comes to the environment, and as the world is going green, investing in a company such as Waaree Energies would be seen as a long term investment in what has been seen to be the future. The solar power industry of India in specific is expected to have a rocketing market, with various policies of the government promoting the installation of solar power systems in the country.
Market Leadership: To add on that, Waaree Energies is already a market leader in India and the expansion strategy provided indicates that it has the potential to expand even more. Early investors own stakes could prove to reap huge profits were the company to gather momentum in its scaling up process.
Government Support: Currently, the Indian government has ambitious targets for solar energy and is liberalizing a lot of incentives for the sector. This helps to establish the right policy regime for these firms such as Waaree Energy thus increasing their potential for growth.
ESG Investment Trends: With the inflow of capital going into the ESG portfolio increasing, there could be an increased opportunity for companies like Waaree Energies to access more capital.

Risks

Competition: The Solar Energy industry is gradually growing more competitive, and not only new companies set up to start participating in the market but also new entrants are making their moves as well. Thus, for remaining on the top of rank, a company like Waaree will have to carry on innovating and growing.
Dependence on Government Policies: The operations and performance of the solar companies in India are therefore dependent on Government policies.
Technology Risk: Technological changes are inherent in the solar industry. Since the products of Waaree Energies are still in their relatively early stages, its manufacturing technology would require a certain degree of constant innovation, and there would be substantial investments in this area.
Global Economic Conditions: As with any business, global economic conditions plays a role in its circumstances where Waaree Energies is concerned. There is always future uncertainty that may negatively impact upon economic growth, alterations in currency exchange rates, issues with supply chain crises.

Conclusion

Besides being a financial event, the IPO of Waaree Energies is a testimony of the exponential growth and future possibilities of solar business in India. With this new development, Waaree is strategically placed to benefit from the aspirations of many homeowners that seek clean energy in their homes. Investors get a golden opportunity of investing in an organization that is poised to be a major participant in India’s shift towards green energy sources though they need to look at the pros and cons when making their decision. As India speeds towards its renewable energy targets, Waaree Energies is all poised to write the next chapter in the power sector’s evolution.

Also Read :Stock Market Diwali Muhurat Trading