Waaree Energies IPO – Open/Close Date, IPO Price, Key factors

Waaree Energies IPO: Waaree Energies, one of India’s pioneers in solar power revolution, is gearing up for another run at success with their revamped initial public offering (IPO). Filing fresh draft papers with SEBI on December 28, 2023, they aim to raise an impressive Rs 3,000 crore through fresh issue and offer for sale (OFS). A previous attempt in 2021 had to be scrapped due to volatile market conditions.

A Major Player in the Solar Landscape:

Waaree Energies was established in 1989 and quickly rose to become one of the leaders in solar power sector. Boasting a vertically integrated business model, Waaree Energies boasts strong presence across its value chain from manufacturing PV modules to project development. Their portfolio features 6GW solar cell manufacturing facility and 1.5 GW module production unit plus extensive project development arm.

Waaree Energies IPO

What Makes Waaree Energies IPO Different?

The revised IPO plan offers an even bolder vision than its earlier attempt. The fresh issue size has more than doubled to Rs 3,000 crore, reflecting confidence in growth potential of the company and adding another layer of interest for investors. Furthermore, an OFS component comprised of 32 lakh shares from existing shareholders is provided as an added layer of interest for prospective buyers.

IPO Open DateTo be announced
IPO Close DateTo be announced
Allotment DateTo be announced
Initiation Of RefundsTo be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing DateTo be announced
UPI Mandate Expiry DateTo be announced

Waaree Energies IPO: Financial Records

Particulars (in Rs. Crores)FY21FY20FY19
Revenue195.28199.58159.10
EBITDA12.5411.7816.54
PAT4.924.178.23
EPS (basic in Rs.)2.52.124.18
ROE14.28%14.01%32.11%
ROCE18.43%22.71%23.23%
Particulars (in Rs. Crores)FY21FY20FY19
Total Assets128.0593.8381.86
Share Capital19.7119.7119.71
Total Borrowings28.9612.5610.70

Key Factors to Watch:

While the IPO holds immense promise, several factors merit consideration:

  • Market Conditions: A successful IPO depends heavily on market sentiment. As global economic uncertainties remain high, investors could be wary of investing in new listings at this time.
  • Valuation: Pricing an issue competitively will help secure strong subscription.
  • Waaree Energies faces stiff competition from established players like Tata Power and Adani Green Energy, so differentiating itself through strong financials and future expansion plans will be critical.

Market Expectations and Analyst Views:

Due to India’s ambitious renewable energy targets and growing awareness of sustainability issues, solar sector growth is on an upward trend. This optimism has increased investor enthusiasm surrounding Waaree Energies’ IPO; many analysts anticipate strong investor participation; however, possible obstacles such as global economic uncertainties and market volatility still pose threats that necessitate taking an inclusive and cautious approach.

A Potential Game Changer for the Solar Sector:

An successful Waaree Energies IPO could be transformative for India’s solar industry. Fresh capital would give Waaree Energies the resources it needs to expand manufacturing capacity, venture into new markets and deepen their project development pipeline, speeding India’s transition towards clean energy in turn.

Conclusion:

Waaree Energies’ initial public offering (IPO) will undoubtedly be one of the key events to keep an eye on in coming months. While market conditions and potential challenges still present themselves, Waaree Energies is a strong contender that investors with long-term vision should seriously consider as they consider investments with long-term potential in India’s solar power journey. With their launch imminently approaching, all eyes will surely turn towards this unique venture illuminating India’s exciting solar journey!

Disclaimer: This article should only be taken as general purpose & should not be treated as financial advice. Before making any investment decisions based on this information provided in this article, always seek a qualified financial adviser opinion first.

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