About Waree Energy
Waree Energy is a prominent player in the solar energy industry, providing high-quality solar PV modules and a broad spectrum of renewable energy solutions. With a proven track record in solar manufacturing and a significant presence in both domestic and international markets, Waree has established itself as a reliable contributor to the clean energy landscape. As India pushes for renewable sources to contribute to 50% of its energy mix by 2030, Waree’s offerings are well-aligned to meet both current demands and future needs.
Why Waree Energy IPO Matters for Investors
The Waree Energy IPO presents a unique chance for retail investors to invest directly in one of India’s most promising renewable energy companies. Here are some reasons why the Waree Energy IPO could be worth your consideration:
Growth Potential in the Renewable Sector: With renewable energy initiatives gaining traction, Waree Energy stands poised to expand and capture market share. The solar sector, in particular, has seen robust government support and investment, creating a favorable environment for growth.
Established Brand and Expertise: Waree’s reputation for quality and its extensive experience in solar energy make it a trusted name among consumers and investors alike. The company’s focus on innovation and sustainability aligns well with current market demands for renewable solutions.
Strong Financial Backing and Expansion Plans: Waree has demonstrated solid financial performance in recent years, positioning itself for expansion. Funds raised from the IPO are expected to fuel growth and improve production capacity, enabling Waree to meet increased demand for renewable energy.
Alignment with ESG Investing Trends: Environmental, Social, and Governance (ESG) factors have become a significant consideration for many investors. Waree’s focus on sustainable energy solutions makes it an attractive choice for ESG-conscious investors looking to make a positive impact while generating returns.
Key Information about the Waree Energy IPO
Waaree Energies IPO Timeline (Tentative Schedule)
- Waaree Energies IPO opens on : October 21, 2024, and closes on October 23, 2024.
- IPO Open Date: Monday, October 21, 2024
- IPO Close Date: Wednesday, October 23, 2024
- Basis of AllotmentT: hursday, October 24, 2024
- Initiation of Refunds: Friday, October 25, 2024
- Credit of Shares to Demat: Friday, October 25, 2024
- Listing Date: Monday, October 28, 2024
Cut-off time for UPI mandate confirmation5 PM on October 23, 2024
Waaree Energies IPO Lot Size
Investors can bid for a minimum of 9 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
ApplicationLotsSharesAmount
Retail (Min)19₹13,527
Retail (Max)14126₹189,378
S-HNI (Min)15135₹202,905
S-HNI (Max)73657₹987,471
B-HNI (Min)74666₹1,000,998
- Use of Proceeds: Funds raised from the IPO are expected to be used for capacity expansion, operational upgrades, and to enhance Waree’s overall efficiency in meeting growing energy demands.
Risks to Consider
As with any investment, it’s essential to consider potential risks before participating in an IPO:
- Market Volatility: The stock market can be unpredictable, and IPOs are often subject to initial price volatility.
- Sector-Specific Challenges: Renewable energy companies may face challenges such as regulatory changes, cost fluctuations, and competition from conventional energy sources.
- Financial Performance: While Waree has a positive track record, factors like market shifts and supply chain dependencies could impact profitability.
Company Financials
Waaree Energies Limited Financial Information (Restated Consolidated)
Waaree Energies Limited's revenue increased by 70% and profit after tax (PAT) rose by 155% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets11,989.4811,313.737,419.922,237.4
Revenue3,496.4111,632.766,860.362,945.85
Profit After Tax401.131,274.38500.2879.65
Net Worth4,471.714,074.841,826.02427.13
Reserves and Surplus2,464.693,825585.96230.43
Total Borrowing261.24317.32273.48313.08
Amount in ₹ Crore
How to Get Involved in the Waree Energy IPO with iStockly
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Whether you're a seasoned investor or new to the stock market, the Waree Energy IPO could be a valuable addition to a well-diversified portfolio. Connect with iStockly to stay informed, make educated decisions, and take part in shaping a sustainable energy future.
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