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Issue Open Date
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21-Oct-24
|
|
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Issue Closing Date
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23-Oct-24
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|
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Application Money
|
100
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Allotment Money
|
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Price Band
|
1427
-
1503
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Minimium Application No.
|
9
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Issue Size (Shares)
|
21079384
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|
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Market Lot
|
1
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Objective
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|
1. Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India (“Project”).2. General corporate purposes.
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Category
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No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
4435838
|
277175268
|
62.4854352210338
|
|
Qualified Institutional Buyers
|
5837757
|
1217937402
|
208.631055043915
|
|
Retail Individual Investors
|
10350288
|
111701664
|
10.7921310015721
|
|
|
|
|
Business Description
We are the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 12GW, as of June 30, 2023. (Source: CRISIL Report) For Fiscal 2023, we had the second best operating incomeamong all the domestic solar PV module manufacturers in India. (Source: CRISIL Report) We commencedoperations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effectivesustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainableenergy thereby improving quality of life. Over the years, we have significantly expanded our aggregate installedcapacity from 2 GW in Fiscal 2021 to 9 GW, as of March 31, 2023 which further increased to 12 GW as of June30, 2023, as evidenced by our ability to quickly complete our expansion plans efficiently.
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Promoter's Holding
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Total Share Capital
|
189291083
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|
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Offered to Public
|
21079384
|
|
|
|
Promoter's Holding (Pre-Issue)
|
72.32
|
|
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Promoter's Holding (Post-Issue)
|
64.3
|
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|
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Address |
602
6th Floor
Western Edge - I
Western Express Highway
Borivali (East)
Mumbai,
Maharashtra,
400066
Phone : 022-66444444
Email : investorrelations@waaree.com
Website : www.waaree.com
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
|
BSE, NSE
|
|
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Lead Manager |
Axis Capital Ltd.
IIFL Securities Ltd.
Intensive Fiscal Services Pvt Ltd
ITI Capital Ltd.
Jefferies India Pvt Ltd.
Nomura Financial Advisory & Securities (India) Pvt Ltd.
SBI Capital Markets Ltd
|
|
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Promoters |
Hitesh Chimanlal Doshi
Pankaj Chimanlal Doshi
Viren Chimanlal Doshi
Waaree Sustainable Finance Pvt Ltd
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|
