Waaree Energies Limited IPO
Waaree Energies Limited IPO
Price Band
₹1427 - ₹1503
Total Issue
₹4,321.44 Cr
Bid Dates
21 Oct - 23 Oct
Subscription
-
Est. GMP
₹0 (0.00%)
Tentative Timetable
Business Overview
Waaree Energies Limited an Indian solar PV module manufacturer operates with a total installed capacity of 12 GW and a capacity utilization of 45.01% (43.37% for FY 2024). The company's product range includes multicrystalline, monocrystalline, and advanced TopCon modules, such as flexible bifacial (Mono PERC) and BIPV modules. It runs five manufacturing units across 143 acres in India, located in Gujarat (Surat, Tumb, Nandigram, Chikhli) and Noida, Uttar Pradesh
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Lot information not available | |||
Category Reservation
Issue Size
Objects of Issue
- Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India
- General corporate purposes
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|
Waaree Energies IPO Peer Comparison
(Rs. in crores)
| Particulars | Waaree Energies | Websol Energy System | Premier Energies |
|---|---|---|---|
| EPS - Basic | 48.05 | -29.99 | 6.93 |
| NAV per share | 154.96 | N.A | 14.63 |
| RONW | 30.36% | N.A | 37.46% |
| EBITDAc | 15.56% | -24.50% | 15.90% |
| PAT Margin | 10.96% | -451.10% | 7.30% |
| Price to earning (PE) | 31.28 | N.A | 151.13 |
| Debt to Equity | 0.08 | 1.70 | 2.29 |
- All information pertains to FY 2023-24.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 4, 2024 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 3,408.90 | 11,397.61 | 6,750.87 | 2,854.27 |
| Profit after Tax | 401.13 | 1,274.38 | 500.28 | 79.65 |
| Net Worth | 4,471.71 | 4,074.84 | 1,825.41 | 427.35 |
| Total Borrowing | 261.24 | 317.32 | 273.48 | 313.08 |
| Total Assets | 11,989.48 | 11,313.73 | 7,419.92 | 2,237.40 |
| NAV per share (in ₹) | 169.94 | 154.96 | 75.01 | 21.68 |
| EPS - Basic (in ₹) | 14.98 | 48.05 | 21.82 | 3.84 |
KPIs
EBITDA
15.56%
PAT
10.96%
RoNW
30.36%
ROCE
36.95%
Debt to Equity
0.08
PE Ratio
31.28
PB Ratio
9.70
Mkt Cap (in Crs.)
43,178.66
- All the data pertains to FY 2023-24.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
71.80%
Public
28.20%
Management
Frequently Asked Questions
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How to apply Waaree Energies IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Waaree Energies IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Waaree Energies IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Waaree Energies IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date