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
View
DRHP
View
Open Date

Not Issued

Close Date

Not Issued

IPO Details

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

Price Band

Not Issued

Issue Size

Not Issued

Issue Type

Book Built

Open

Not Issued

Close

Not Issued

Company Financials

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

Subscription Details

Waaree Energies Valuation

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

Particulars Value
Upper Price Band Not issued
Existing Shares (Qty) 19.71 Cr
Fresh Issue (Amount) 1350 Cr
EPS (FY21) Rs 2.50 
Industry PE No peers

 

Waaree Energies IPO Issue Size

Waaree Energies IPO issue size is not disclosed. 

Issue Amount
Fresh Issue 1350 Cr
Offer For Sale (Qty) 40.07 Lakh shares

 

Waaree Energies IPO share offer

The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Maximum 50%
Non-Institutional Minimum 15%
Retail Individual Minimum 35%
Employee reservation Not disclosed

 

Allotment Details

The company has not issued its dates for the IPO as of now. Kindly check this space later on.

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1604.57 2026.78 1993.28 2771.29 6532.8
Total Expenditure 1514.19 1932.87 1912.8 2683.27 5774.37
Operating Profit 90.38 93.91 80.48 88.02 758.43
Other Income 17.69 23.66 36.85 81.43 111.11
Interest 30.98 30.74 26.18 33.99 76.84
Depreciation 18.7 26.01 26.9 39.6 154.53
Exceptional Items 1.18 0 4.06 0 -20.58
Profit Before Tax 59.57 60.82 68.31 95.86 617.59
Provision for Tax 21.6 15.45 18.03 26.19 157.4
Net Profit 37.97 45.37 50.28 69.67 460.19
Adjusted EPS (Rs.) 0.19 0.23 0.26 0.35 1.89

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 197.14 197.14 197.14 197.14 243.37
Total Reserves 63.94 105.91 153.91 231.2 1699.51
Borrowings 65.83 33.32 75.54 155.98 107.63
Other N/C liabilities 19.55 54.16 73.12 78.53 437.06
Current liabilities 441.73 458.54 604.47 1370.73 4845.63
Total Liabilities 788.19 849.07 1104.17 2033.58 7333.18
Assets
Net Block 93.64 115.92 126.07 547.52 919.9
Capital WIP 0 0 1.17 122.67 453.24
Intangible WIP 0.21 0 0 0 0
Investments 95.92 116.03 43.86 43.85 222.54
Loans & Advances 16.13 14.11 102.26 77.79 142.92
Other N/C Assets 12.54 37.42 37.24 38.44 190.29
Current Assets 569.76 565.58 793.57 1203.32 5404.3
Total Assets 788.19 849.07 1104.17 2033.58 7333.18
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 58.39 60.82 64.25 95.86 617.59
Adjustment 40.25 51.47 38.42 71.54 248.87
Changes in Assets & Liabilities -71.53 -93.3 -4.56 426.9 720.1
Tax Paid -16.65 -10.97 -21.64 -22.79 -94.84
Operating Cash Flow 11.64 8.02 80.53 571.51 1491.72
Investing Cash Flow 87.2 26.44 -150.99 -523.33 -2240.62
Financing Cash Flow -78.62 -50.42 75.67 66.18 871.8
Net Cash Flow 20.21 -15.96 5.22 114.36 122.91
X