Waaree Energies Limited
Oct 21, 2024 - Oct 23, 2024
Waaree Energies Limited IPO Details
Status
listed
Issue Price
₹1,427.00 - ₹1,503.00
Lot Size
9 Shares
Subscription
79.44 times
Listing Price
₹2500 (66.33%)
Face Value
₹10 Per share
Issue Size
Approx ₹4321.44 Cr
Fresh Issue
Approx ₹3600 Cr
Total Shares Offered
Approx ₹721.44 Cr
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE, NSE
Registrar
Link Intime India Private Ltd
NSE Code
WAAREEENER
BSE Code
544277
IPO Tentative Timetable
Valuation
Earning Per Share (EPS)
₹48.05
Price/Earning P/E Ratio
-
Return on Net Worth (RoNW)
30.36%
Net Asset Value (NAV)
₹154.96
Promoters
Pre issue Share Holding
72.32%
Post issue Share Holding
-
Company Promoters
- Hitesh Chimanlal Doshi
- Viren Chimanlal Doshi
- Pankaj Chimanlal Doshi
- Waaree Sustainable Finance Private Limited
Lead Managers
Axis Capital Limited
Iifl Securities Ltd
Jefferies India Private Limited
Nomura Financial Advisory And Securities (India) Pvt Ltd
SBI Capital Markets Limited
Intensive Fiscal Services Private Limited
Iti Capital Ltd
Live Subscription
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Oct 21, 2024 | 0.08 | 8.22 | 3.34 | 1.68 | 3.47 |
| Oct 22, 2024 | 1.82 | 24.75 | 6.69 | 3.30 | 9.19 |
| Oct 23, 2024 | 215.03 | 65.25 | 11.27 | 5.45 | 79.44 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹13,527 |
| Retail (Max) | 14 | 126 | ₹189,378 |
| S-HNI (Min) | 15 | 135 | ₹202,905 |
| S-HNI (Max) | 73 | 657 | ₹987,471 |
| B-HNI (Min) | 74 | 666 | ₹1,000,998 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.79% |
| ROCE | 9.45% |
| Debt/Equity | 0.06 |
| RoNW | 8.81% |
| P/BV | 8.84 |
| PAT Margin (%) | 11.47 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 84,95,887 (29.55%) | NA |
| QIB Shares Offered | 56,63,925 (19.7%) | NA |
| NII (HNI) Shares Offered | 42,47,945 (14.77%) | - |
| bNII > ₹10L | 28,31,963 (9.85%) | 20,977 |
| sNII < ₹10L | 14,15,982 (4.92%) | 10,488 |
| Retail Shares Offered | 99,11,869 (34.47%) | 11,01,318 |
| Employee Shares Offered | 4,32,468 (1.5%) | NA |
| Total Shares Offered | 2,87,52,094 (100%) | - |
Company Financial
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 11,989.48 | 11,313.73 | 7,419.92 | 2,237.4 |
| Revenue | 3,496.41 | 11,632.76 | 6,860.36 | 2,945.85 |
| Profit After Tax | 401.13 | 1,274.38 | 500.28 | 79.65 |
| Net Worth | 4,471.71 | 4,074.84 | 1,826.02 | 427.13 |
| Reserves and Surplus | 2,464.69 | 3,825 | 585.96 | 230.43 |
| Total Borrowing | 261.24 | 317.32 | 273.48 | 313.08 |
About Company
- Multicrystalline modules
- Monocrystalline modules
- TopCon modules, which feature flexible bifacial (Mono PERC) designs, available in both framed and unframed options, as well as building-integrated photovoltaic (BIPV) modules.
As of June 30, 2023, Waaree Energies operates four manufacturing facilities across India, covering a combined area of 136.30 acres. These facilities are located in Surat, Tumb, Nandigram, and Chikhli, all in Gujarat. The Tumb facility is certified with ISO 45001:2018 and ISO 14001:2015 for the manufacturing, marketing, supply, and installation of solar PV modules, while the Chikhli facility holds certifications for ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015, covering similar functions.
The company adheres to stringent safety standards for its PV modules and has a diverse customer base. In India, Waaree Energies served 1,381 customers in 2021, 716 in 2022, 566 in 2023, and 373 as of June 30, 2023. Internationally, it served 31, 26, 33, and 20 customers during the same periods.
**Key Competitive Strengths:**
- Largest solar PV module manufacturer in India
- Diversified customer base in India and globally, supported by a large order book
- Advanced manufacturing facilities with international accreditations
- Extensive pan-India retail network
- Strong financial performance track record
- Experienced leadership team
As of June 30, 2023, Waaree Energies employed 1,019 full-time staff.
Company Contact
waaree energies limited 602, 6th floor, western edge i, western express highway, borivali (east), mumbai -400066
Phone: +91 22 66444444
Email: investorrelations@waaree.com
Website: https://waaree.com/
Registrar Contact
link intime india private ltd
Phone: +91-22-4918 6270
Email: waaree.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html