Waaree Energies Limited proposes to open an initial public offering of Equity Shares on Monday, October 21, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Friday, October 18, 2024. The Bid/ Offer Closing Date is Wednesday, October 23, 2024.
- Issue Opens: October 21, 2024
- Issue Closes: October 23, 2024
- Face Value: Rs 10 each
- Price Band: Rs 1427 to Rs 1503 per share
- Lot Size: 9 Shares
- Listing On: BSE & NSE
- Listing Date: October 28, 2024
The Price Band of the Offer has been fixed from ₹ 1,427 per Equity Share to ₹ 1,503 per Equity Share. Bids can be made for a minimum of 9 Equity Shares and multiples of 9 Equity Shares thereafter.
The Offer comprises a fresh issue of Equity Shares aggregating up to ₹ 36,000 million and an offer for sale of up to 4,800,000 Equity Shares comprising up to 4,350,000 Equity Shares by Waaree Sustainable Finance Private Limited; and up to 450,000 Equity Shares by Chandurkar Investments Private Limited and together with the Promoter Selling Shareholder, such offer for sale of Equity Shares by the Selling Shareholders, the. The Offer includes a reservation of such number of Equity Shares, for subscription by Eligible Employees. The Equity Shares of the Company are proposed to be listed on BSE and the NSE.
Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW. The product portfolio of solar energy products consists of the following PV modules – Multicrystalline modules, Monocrystalline modules; and TopCon modules include flexible bifacial modules (Mono PERC), both framed and unframed, as well as building-integrated photovoltaic (BIPV) modules. The company operates four manufacturing facilities in India, covering a total area of 136.30 acres. These facilities are located in Surat, Tumb, Nandigram, and Chikhli in Gujarat.
The Tumb facility is certified with ISO 45001:2018 and ISO 14001:2015 for the manufacture, marketing, supply, and installation of solar photovoltaic modules. The Chikhli facility is certified with ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 for solar photovoltaic module manufacturing, marketing, and supply. The company also comply with various safety standards for its PV modules. It is the largest Solar PV Module Manufacturer in India with diversified base of Indian and global customers with a large order book.
