Waaree Energies filled out fresh preliminary papers on 28 December 2023. The wait has come to an end. Everyone is curious to know more about this leading solar panel maker company’s IPO. Waaree Energies will announce the IPO date after the SEBI approval for the draft papers. It is a 3000 crores IPO. The company raised 1000 crores earlier as well in a funding round. We will share details about this IPO in the article below. Several things are affecting the decision of the IPO investors. Here is the Waaree Energies IPO date, price band, DRHP details, OFS, and Fresh Issue below.
Waaree Energies IPO Date, Offer For Sale, Fresh Issue, And DRHP Details with Review
Waaree Energies filled draft papers recently for the IPO. The fresh issue of equity shares aggregates to 3000 crores and offer-for-sale of 32 lakhs equity shares. The shareholders and the promoters will be providing OFS. The company already plans for the utilization of the funds raised. According to sources, the company will set up 6 GW of Ingot Wafer, Solar Cell, and Solar PV module manufacturing in Odhisa from the fresh issue. Some other general purposes will utilize the rest of the portion.
Waaree Energies are the top brands in solar capacity. They are taking the solar future of India ahead. Solar energy can be of a lot more benefit if it gets utilized properly. Waaree Energies filled out a preliminary paper in September 2021, which was deferred. The fresh equity was for Rs. 1350 crores, and offer for sale of 4,007,500 equity shares.
Everyone is curious about Waaree Energies’ IPO and looking forward to its growth potential. The company has orders booked up in November 2023. It also includes some for the Waree Solar Americas Inc. It is a subsidiary of the company. The company is said to be performing well in the market. It can be a fair chance for investors to try in this growing market.
The company has its hold in the rooftop segment. It can be a plus point. It is one of the most commonly used types of solar panels. Domestic and household markets use their rooftop for solar. One can apply for the shares after its IPO opens or earlier in the GMP market. However, it is worth noting that it is important to study the company’s past performance before investing. Waaree Energies expects a good return on its shares. We will update you with more details shortly.