The Waa Solar date has been confirmed from May 31, 2018 and ended on June 4, 2018.
Waa Solar Developers IPO is a fixed price issue of Rs 28.18 crores. The price is ₹161 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹128,800.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
May 31-June 4
Price Range
₹161 per share
Face Value
₹10 per share
GMP
₹102.35
Waa Solar IPO GMP
The Waa Solar IPO GMP is ₹102.35.
IPO Overview
The Waa Solar IPO has a fixed price of Rs 28.18 crores. Waa Solar’s initial public offering (IPO) bidding began on May 31, 2018 and finished on June 4, 2018. On June 12, 2018, the shares were listed on the BSE SME. The IPO price for Waa Solar is ₹161 per share. An application requires a minimum lot size of 800 Shares. Retail investors must make a minimum investment of ₹128,800.
In 2013, the Airport Authority of India signed a PPA with the company to build a 100 KWP solar power plant at Raja Bhoj Airport in Bhopal on a Built, Own, and Operate (“BOO“) basis for a 25-year period.
Waa Solar IPO Details
| IPO Date | May 31, 2018 to June 4, 2018 |
| Listing Date | June 12, 2018 |
| Face Value | ₹10 per share |
| Price | ₹161 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,750,000 shares (aggregating up to ₹28.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 104,000 shares |
Waa Solar Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 20,018.99 | 19,806.98 | 21,882.07 | 18,113.28 | 15,908.92 | |
| Total Revenue | 2,607.24 | 4,689.97 | 5,426.30 | 2,900.85 | 2,773.49 | |
| Profit After Tax | 427.50 | 633.98 | 1,152.70 | 538.07 | 828.28 | |
Waa Solar IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,800 |
| Retail (Max) | 1 | 800 | ₹128,800 |
Company Profile
Waa Solar Limited, based in Gujarat, was founded in 2009 and is engaged in solar power generation by establishing Solar Power Projects and investing in Special Purpose Vehicle (“SPV“) associate and subsidiary firms engaged in solar power generation activities. Gujarat Urja Vikas Nigam Limited (“GUVNL“) awarded the company the work of establishing a Solar Photovoltaic Grid Interactive Power Plant of 10MW capacity at village Nayka, Taluka-Sami, District Patan, to produce Electric Energy and to sell the entire electrical energy produced for
commercial purposes from such project to GUVNL for a period of 25 years in 2010. GUVNL has contracted to acquire power through distribution firms (“Discom“) under a Power acquire Agreement (“PPA“).
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Waa Solar Limited |
| Phone number | 0265 -2290722 |
| Email ID | info@waasolar.org |
| Website | waasolar.org |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
