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Waaree Energies IPO

Waaree Energies Ltd is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. it has India’s largest solar panel manufacturing capacity of 12 GWs at its plants in Surat and Umbergaon in Gujarat. The company is amongst the top players in India in solar panel manufacturing, EPC services, project development, rooftop solutions, solar water pumps and also an independent power producer.

The company has filed for a Rs.1,500 crore IPO with SEBI which comprises of a fresh issue of Rs.1,350 crore and an offer for sale of OFS of approximately Rs.150 crore. The company will offer a total of 40,07,500 equity shares under the offer for sale (OFS) by early investors and the promoters of the company.

The net proceeds from the issue will be utilised towards –

  1. Proposing to finance the cost of establishing (a) 2 GW per annum solar cell manufacturing facility ("Solar Cell Facility"), and (b) 1 GW per annum solar PV module manufacturing facility ("Solar Module Facility"), at Village Degam, Taluka Chikhli, District Navasari, Gujarat, India.
  2. General corporate purposes.



Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account		 To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

IPO Financials

(₹ in millions, except for percentages) FY21 FY20 FY19
Revenue From Operations 1,674.6 1,940.43 1,829.84
PAT 86.11 122.50 84.51
EBITDA 231.74 - 181.1
EPS (In Rs) 32.31 45.98 31.72
Total Assets 1,912.75 1,898.75 1,741.82
Total Borrowing 547.3 621.51 583.63
Equity Share Capital 25.71 25.71 25.71

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

Why should you invest in the Waaree Energies IPO?

Below are your top reasons:

  • 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 favourable government policies in progressing its business.
  • Waaree Energies enjoys strong relationships with several Indian and global marquee customers.

Know before investing

Strengths Risks
Leading solar PV module manufacturer in India well positioned to capture strong industry tailwinds and growth prospects for solar energy Restrictions on or import duties relating to materials and equipment imported for manufacturing operations as well as restrictions on or import duties levied on products in our export markets
Deep penetration into the rooftop segment through our pan-India franchisee network Any disruptions in the supply or availability of materials and components of the appropriate quality standards and fluctuation in their prices
High quality manufacturing with stringent quality control and global accreditations Under-utilization of manufacturing capacities or an inability to effectively utilize expanded manufacturing capacities

How to apply for Waaree Energies IPO ?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Waaree Energies IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Dynami user, Pre-Apply Now!
  • If you’re a new investor, open an Dynami Demat account for free and begin your investment journey.

How to open a Demat & Trading Account?

Demat & Trading Account
Form fill up Demat & Trading Account

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Share Personal Details Demat & Trading Account

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OTP Authentication Demat & Trading Account

Upload your photo and e-sign your application via Aadhaar OTP

How to open a Demat & Trading Account?

Frequently asked questions

  • 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.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.