The Waaree Energies Date Will Be Updated Soon .
The Waaree Energies IPO comprises new shares for Rs 1350 crore and a 4,007,500 share offer from current shareholders. The business is engaged in producing PV modules for the sustainable energy sector.
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Bidding Dates
Coming Soon
Price Range
₹0 per share
Face Value
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GMP
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Waaree Energies GMP
The Waaree Energies IPO GMP is ₹[].
IPO Overview
The business is a significant force in the field of renewable energy. They are concentrated on providing market-wide, affordable, sustainable energy solutions that help lower carbon footprints. Waaree Energies’ total installed capacity for manufacturing PV modules is 2 GW. The National Accreditation Board for Testing and Calibration Laboratories (NABL) has granted their internal lab accreditation, making it the only business in India to do so.
The company proposes to use the net proceeds from the sale of fresh equities to finance the establishment of a 2 GW solar cell manufacturing facility.
Waaree Energies IPO Financials
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
| Revenue | 195.28 | 199.58 | 159.10 |
| EBITDA | 12.54 | 11.78 | 16.54 |
| PAT | 4.92 | 4.17 | 8.23 |
| EPS (basic in Rs.) | 2.5 | 2.12 | 4.18 |
| ROE | 14.28% | 14.01% | 32.11% |
| ROCE | 18.43% | 22.71% | 23.23% |
Waaree Energies Peer Comparison
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
| Total Assets | 128.05 | 93.83 | 81.86 |
| Share Capital | 19.71 | 19.71 | 19.71 |
| Total Borrowings | 28.96 | 12.56 | 10.70 |
Company Profile
Waaree Energies Ltd. is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. Waaree Energy is one of the largest vertically integrated new energy companies today. It has India’s largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat and Umbergaon in Gujarat. It is a top player in EPC Services, project development, solar rooftop solutions, solar inverters, and solar water pumps. It is also an Independent Power Producer. Waaree has a presence in over 388 locations nationally and 20 countries internationally. The company has supplied 6+GW solar modules and commissioned 1+ GW of solar EPC projects.
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.
