Waaree Energies Limited
ListedMainboardRenewable 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
₹1295
+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
Last updated 12 days ago
Overall Subscription
79.44x
Total Demand
QIB Multiplier
215.03x
Institutions & Funds
NII / HNI
65.25x
High Net-Worth
Retail (RII)
11.27x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 5,663,925 | 1,217,937,402 | 215.03x |
| NIB | 4,247,945 | 277,175,268 | 65.25x |
| HNIs(10L +) | 2,831,963 | 201,987,576 | 71.32x |
| HNIs (2-10L) | 1,415,982 | 75,187,692 | 53.10x |
| RETAIL | 9,911,870 | 111,701,664 | 11.27x |
| EMPLOYEES | 432,468 | 2,356,299 | 5.45x |
| Total | 24,504,153 | 1,886,345,901 | 79.44x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| HNIs(10L +) | 20,978 | 271,403 | 12.94x |
| HNIs (2-10L) | 10,489 | 499,825 | 47.65x |
| RETAIL | 1,101,319 | 8,822,104 | 8.01x |
| Total Applications | 1,132,786 | 9,593,332 | 8.47x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Waaree Energies Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is Waaree Energies Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Waaree Energies Limited IPO is ₹1295 per equity share. Based on the upper price band of ₹1427 to ₹1503 per equity share, the estimated listing price is ₹2798 (+86.2% expected listing gain).
What is the expected profit per lot for Waaree Energies Limited IPO?
With a lot size of 9 shares and current GMP of ₹1295, the expected profit per application lot is approx ₹11,655 (+86.2% gain). Minimum application cost is approx ₹13,527.
What is the issue size and price band for Waaree Energies Limited IPO?
The Waaree Energies Limited IPO aggregate issue size is ₹4,321.44 Crores with an equity price band set at ₹1427 to ₹1503 per equity share. The retail lot size is 9 shares requiring a minimum capital outlay of approx. ₹13,527.
How can I check Waaree Energies Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 79.44x (Retail: 11.27x, QIB: 215.03x, NII: 65.25x). You can track live multiples directly on our dedicated subscription page.
Where and when will Waaree Energies Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-10-25. Investors can verify status using PAN card or application number.
When is the listing date for Waaree Energies Limited IPO?
Waaree Energies Limited shares are scheduled to list on NSE and BSE on 2024-10-28.