
Renewable Energy · NSE / BSE
Founded in December 1990, Waaree Energies Limited is one of India’s leading solar panel manufacturers with a production capacity of 12 GW. The company produces a wide range of solar modules, including multicrystalline, monocrystalline, and advanced TopCon modules, along with flexible bifacial panels, framed and unframed modules, and building-integrated photovoltaic solutions. Waaree has four manufacturing plants in Gujarat, located in Surat, Tumb, Nandigram, and Chikhli, covering 136.30 acres in total. The Tumb and Chikhli units are ISO-certified for safety and quality. Over the years, the company has served numerous customers across India and abroad and employed 1,019 full-time staff as of June 30, 2023.
Price Band
₹1427 – ₹1503
Issue Size
₹4321 Cr
Lot Size
9 shares
GMP
+86.2%
Est. Listing
₹2798
at current GMP
Subscribed
79.44x
overall
Open
21 Oct 2024
Close
23 Oct 2024
Allotment
25 Oct 2024
Refund
26 Oct 2024
Demat Credit
27 Oct 2024
Listing
28 Oct 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
25 Oct 2024
Basis finalization
Refunds Initiate
26 Oct 2024
Mandate release
Demat Credit
27 Oct 2024
Shares in demat
Listing Debut
28 Oct 2024
Trading begins
Waaree Energies Limited is bringing an initial public offering (IPO) in the Renewable Energy sector with an aggregate issue size of ₹4,321.44 Crores. The shares are offered at a price band of ₹1427 to ₹1503 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-10-23, the basis of allotment is scheduled to be finalized on 2024-10-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.