Application start: 21-10-2024
Application end: 23-10-2024
Allotment begins: 24-10-2024
Refund Initiation: 25-10-2024
Allotment date: 25-10-2024
Listing on exchange: 28-10-2024
Price range
Min. Quantity
IPO Size
₹1427 – ₹1503
₹1427 – ₹1503
₹1427 – ₹1503
About Waaree Energies
Waaree Energies Limited (“WEL”) was founded in 1990. It is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30 (Source: CRISIL Report). Its product range features multicrystalline PV modules, monocrystalline PV modules, and TopCon PV modules.It has five manufacturing facilities in Surat, Tumb, Nandigram, and Chikhli in Gujarat, India, as well as one in Noida, Uttar Pradesh.
To get more information about Waaree Energies Limited click here
Purpose of PO
Waaree Energies Limited is set to launch its initial public offering (IPO) with a total issue size of ₹4,321.4 crore. This includes a fresh issue of ₹3,600 crore and an offer for sale amounting to ₹721.4 crore. Proceeds from the fresh issue will be used to establish a 6GW manufacturing facility for ingot wafers, solar cells, and solar PV modules in Odisha, as well as for general corporate purposes. The company’s shares will be listed on the NSE and BSE.
Financial summary of Waaree Energies
How to apply Waaree Energies IPO
Following is the procedure to apply IPO
- Please log in to your stock broker account find the IOP section and select a specific IPO.
- select the UPI payment mode and enter your UPI ID so that the amount will get blocked in your bank account till the allotment date. hit submit/ apply button
How to check the Waaree Energies IPO allotment status?
Login to your broker account find the IPO section and check the status of the IPO applied.
Please review the company link and understand their business and risks before applying.
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