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.
The business is a major 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 them the only business in India to do so.
Waaree Energies IPO Objectives
- 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.
Why should you invest in the Waaree Energies IPO?
Below are your top three reasons to invest in the IPO:
- Waaree Energies is a leading Indian industry focused on PV module manufacturing, occupying a 24% market share in total installed capacity.
- India’s solar energy capacity is steadily rising, and the company believes in receiving support from favorable government policies to progress its business.
- Waaree Energies enjoys strong relationships with several Indian and global marquee customers.
Know before investing
Strengths
- India’s solar capacity will continue to grow, and the company is well-positioned to capitalize on the tailwind.
- They are approved under the PLI scheme, which aims to promote efficiency in manufacturing PV modules in India and lower import dependency.
- Waaree enjoys deep penetration in the rooftop segment through the PAN India franchise network.
Risks
- Future cash flow depends on the continuously increasing demand for solar energy. A decrease in orders will impact profitability.
- Restrictions and import duties levied on the material and equipment required for production will impact future cash flow.
- The company’s performance depends on continuous support from government policies, and changes in regulations in the future will impact its returns on capital.
Waaree Energies IPO FAQs:
Q1. What is Waaree Energies IPO?
Ans. Waaree Energies IPO will be a combination of fresh issues of Rs 1350 crore and OFS of 4,007,500 equity shares, each worth Rs 2501.9 crore.
Q2. When will the Waaree Energies IPO allotment be available?
Ans. Details are not available.
Q3. What will be the Waaree Energies IPO lot size?
Ans. Details are not available.
Q4. When will Waaree Energies IPO open for subscription?
Ans. Details are not available.
Q5. What minimum lot size can retail investors subscribe to?
Ans. The minimum investment size is one lot for retail investors.
Q6. When is the Waaree Energies IPO listing date?
Ans. Details are not available. Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges.
Q7. What is the size of Waaree Energies IPO?
Ans. Details are not available.
Q8. How will I receive shares?
Ans. Your shares will get credited directly to your Demat account.
Q9. Is it necessary to approve a UPI mandate request immediately?
Ans. Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI handle.
Q10. What is the minimum order quantity for Waaree Energies IPO?
Ans. Details are not available.
