58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Waaree Energies Limited IPO (Waaree Energies IPO) Details

Waaree Energies Limited is an Solar based company, located in Mumbai, Waaree Energies Limited IPO size was 4321.44 Cr. and was issued at 1503.00 per share. The share of Waaree Energies Limited were listed at 2336.80 per share and are currently trading at 2323.00 per share.

Type :
Sub Sector : Solar PV Modules With An Aggregate Installed Capacity Of 12 GW
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
13985.64 Cr.

PAT :
1604.52 Cr.

Pricing Report

Issue Price :
1503.00

Listing Price :
2336.80

Current Market Price :
2323.00

Issue Price vs CMP :
820 (54.56%)

listing Price vs CMP :
13.8 (0.59%)

Performance Report (CAGR* wise)

CAGR : 150.58
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Waaree Energies

Company Information
Waaree Energies Limited is largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 12GW, as of June 30, 2023. For Fiscal 2023, they had the second best operating income among all the domestic solar PV module manufacturers in India. (Source: CRISIL Report) The commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life. Over the years, they significantly expanded their aggregate installed capacity from 2 GW in Fiscal 2021 to 9 GW, as of March 31, 2023 which further increased to 12 GW as of June 30, 2023, as evidenced
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Object of Issue
  • Part finance the cost of establishing the GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India.
  • General corporate purposes

Waaree Energies MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Oct, 2024
IPO Size :
4321.44 Cr.
Market Cap :
42939.36 Cr.   
IPO Subscription :
79.44 X     
PE Multiple :
26.76
Merchant Banker :
Intensive Fiscal Services Private Limited
IPO Registrar:
Link Intime India Private Limited
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FAQs

Waaree Energies operates in Solar and Solar PV Modules With An Aggregate Installed Capacity Of 12 GW. The Issue is listed on BSE,NSE in Oct, 2024. Waaree Energies IPO size was 4321.44 Cr. with Issue price of 1503.00 .

Merchant Banker(s) of Waaree Energies IPO: Intensive Fiscal Services Private Limited , Almondz Financial Services Limited , Axis Bank Limited , Iifl Securities Limited , Iti Capital Limited , Jefferies India Private Limited , Nomura Financial Advisory And Securities (India) Private Limited , SBI Capital Markets Limited

Waaree Energies IPO subscription was 79.44 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Waaree Energies IPO listed at a listing price of 2336.80 against the offer price of 1503.00.

The current market price of Waaree Energies is 2323.00.

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