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 –
|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
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|(₹ in millions, except for percentages)||FY21||FY20||FY19|
|Revenue From Operations||1,674.6||1,940.43||1,829.84|
|EPS (In Rs)||32.31||45.98||31.72|
|Equity Share Capital||25.71||25.71||25.71|
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Below are your top reasons:
|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|
Retail investors need to apply for the IPO using UPI
Fill up your personal details in the form above
Fill up your DOB, PAN, email & bank account details
Upload your photo and e-sign your application via Aadhaar OTP
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.