Waaree Energies Ltd. IPO

It is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai. It has India's largest Solar PV Module manufacturing capacity of 2 GW's at its plants in Surat and Umbergaon in Gujarat.

RHP
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DRHP
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Open Date

2024-10-21

Close Date

2024-10-23

Waaree Energies Ltd. IPO Details

Check out the issue details for Waaree Energies Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 1503

Price Band

₹ 1427 - 1503

Issue Size

4321.44 Cr.

Issue Type

Book Built

Open

2024-10-21

Close

2024-10-23

Listingprice

₹ 2500

ListingGain

66.33%

Listing Date

2024-10-28

CMP

₹ 2917.45

Current Return

94.11%

Company Financials

You can get the following financial statements of Waaree Energies Ltd. as of now.

The details about the Waaree Energies IPO are as:

  • The issue size of the IPO is 4321.44 Cr.
  • The price band for Waaree Energies IPO is Rs 1427 to Rs 1503.
  • The shares of Waaree Energies IPO will list on 28th October 2024.
  • The latest tentative GMP of Waaree Energies IPO is Rs 1503.
  • The shares of Waaree Energies IPO are subscribed 79.44 Times.

Waaree Energies IPO Valuation

The approx valuation of Waaree Energies IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 1503
Existing Shares (Qty) 26.33 Cr
Fresh Issue 3600 Cr
Market Cap 43173.99 Cr
EPS (FY24) Rs 48.04
PE Ratio 31.28x
Industry PE 151.13x

 

Waaree Energies IPO Issue Size

Waaree Energies IPO issue size is 4321.44 Cr.

Issue Amount
Fresh Issue 3600 Cr
Offer For Sale 721.44 Cr

 

Waaree Energies IPO Market Lot

An Individual can apply for a minimum 1 lot of 9 shares and a maximum of 14 lots of 126 shares. Find the details below:

Application Lot Shares Amount
Minimum 1 9 Rs 13,527
Maximum 14 126 Rs 1,89,378

Waaree Energies IPO Share Offer

The shares of Waaree Energies IPO are subscribed 79.44 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Maximum 50%
Non-Institutional Minimum 15%
Retail Individual Minimum 35%

 

Waaree Energies IPO GMP (Grey Market Premium)

As on GMP (Tentative)
17 October 2024 Rs 1540
21 October 2024 Rs 1475
22 October 2024 Rs 1503

Waaree Energies IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Waaree Energies IPO:

Schedule Date
Basis of Allotment 24 October 2024
Refunds 25 October 2024
Credit to Demat Account 25 October 2024
IPO Listing Date 28 October 2024

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 2026.78 1993.28 2771.29 6532.8 10717.63
Total Expenditure 1932.87 1912.8 2683.27 5774.37 9343.39
Operating Profit 93.91 80.48 88.02 758.43 1374.24
Other Income 23.66 36.85 81.43 111.11 240.05
Interest 30.74 26.18 33.99 76.84 133.23
Depreciation 26.01 26.9 39.6 154.53 264.47
Exceptional Items 0 4.06 0 -20.58 341.34
Profit Before Tax 60.82 68.31 95.86 617.59 1557.94
Provision for Tax 15.45 18.03 26.19 157.4 409.58
Net Profit 45.37 50.28 69.67 460.19 1148.35
Adjusted EPS (Rs.) 0.23 0.26 0.35 1.89 4.37

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 197.14 197.14 197.14 243.37 262.96
Total Reserves 105.91 153.91 231.2 1699.51 3840
Borrowings 33.32 75.54 155.98 107.63 75.25
Other N/C liabilities 54.16 73.12 78.53 437.06 1330.93
Current liabilities 458.54 604.47 1370.73 4845.63 5083.7
Total Liabilities 849.07 1104.17 2033.58 7333.18 10592.83
Assets
Net Block 115.92 126.07 547.52 919.9 1011.48
Capital WIP 0 1.17 122.67 453.24 1206.65
Intangible WIP 0 0 0 0 0
Investments 116.03 43.86 43.85 222.54 222.62
Loans & Advances 14.11 102.26 77.79 142.92 459.43
Other N/C Assets 37.42 37.24 38.44 190.29 92.49
Current Assets 565.58 793.57 1203.32 5404.3 7600.17
Total Assets 849.07 1104.17 2033.58 7333.18 10592.83
* Other Non-current Liabilities include Net deferred Liabilities

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 64.3 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 60.82 64.25 95.86 617.59 1557.94
Adjustment 51.47 38.42 71.54 248.87 287.45
Changes in Assets & Liabilities -93.3 -4.56 426.9 720.1 580.02
Tax Paid -10.97 -21.64 -22.79 -94.84 -309.08
Operating Cash Flow 8.02 80.53 571.51 1491.72 2116.33
Investing Cash Flow 26.44 -150.99 -523.33 -2240.62 -3252.35
Financing Cash Flow -50.42 75.67 66.18 871.8 960.47
Net Cash Flow -15.96 5.22 114.36 122.91 -175.55
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