Waaree Energies IPO analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 21 Years

Waaree Energies Grey Market News Today #
On
Grey Market Premium Rs. –
Application Rates :Rs. –
Subject to Rates : Rs. –

Waaree Energies Company Details
Waaree Energies is one of the major players in the solar energy industry in India focused on PV module manufacturing, with an aggregate installed capacity of 2 GW as of March 31, 2021. As of August 31, 2021, on the basis of its aggregate installed capacity, it had a market share of 24% out of total enlisted capacity as per the Approved List of Models and Manufacturers (ALMM) for solar PV module manufacturing in India .
Its PV modules are currently manufactured using both multicrystalline and monocrystalline cell technology. Its portfolio of solar energy products consists of the following PV modules: (i) multicrystalline modules; and (ii) monocrystalline modules, comprising Merlin flexible modules and monocrystalline passivated emitter and rear cell (Mono PERC) modules, which includes bifacial modules (Mono PERC) (framed and unframed), building integrated photo voltaic (BIPV) modules (Mono PERC).

The Company currently operate three manufacturing facilities comprising four factories in India: at Surat, Tumb and Nandigram in Gujarat, India. It is also in the process of setting up another manufacturing facility at Chikhli in Gujarat, India where it is implementing its capacity expansion plans for PV modules as well as setting up of facilities for backward integration into solar cell manufacturing. The addition of 3 GW PV module manufacturing capacity to its existing 2 GW capacity, is expected to be operational by the end of Fiscal 2022, and the 4 GW solar cell manufacturing capacity is expected to be operational by the end of Fiscal 2023.
It has over the years developed a track record of manufacturing quality and technologically advanced PV modules, involving trained and skilled manpower and work practices focused on innovation, and in-house project management team. For more information, click www.waaree.com

The Promoters of Waaree Energies
Hitesh Chimanlal Doshi, Verenkumar Chimanlal Doshi & Mahavir Thermoequip Pvt ltd

Waaree Energies IPO Main Objects
The Offer comprises of the Fresh Issue and Offer for Sale.
The Company proposes to utilise the Net Proceeds towards Establishing the Solar Cell Facility & towards Establishing the Solar Module Facility

Waaree Energies IPO Details
IPO opens on (?) , 2022
IPO closes on (?) ,2022
Issue Type: Book Built Issue IPO
Issue : up to (?) Shares /Rs ? Crore
* Fresh Issue of (?) Sh/ Rs.1350 Cr
* Offer for Sale Up to 4,007,500 Sh/ Rs. ? Cr

Face Value per share : Rs. 10

Waaree Energies IPO Price Band Per Equity Share: Rs. (?)
Waaree Energies IPO Retail Lot Size (?) Shares
Waaree Energies Listing will at BSE,NSE

Shares offered to
QIB (?%) ?Shares = Rs (?) Cr
NII (?%) ?Shares = Rs (?) Crs
RII (?%) ? Shares = Rs (?) Crs
Lot size: (?) Shares = (?) Forms
Min Retail Application : (?) Sh , Rs. (?)
Max Retail Application : (?) Sh, Rs (?)

Waaree Energies IPO Tentative timeTable
Waaree Energies IPO Allotment on ? 2022
Unblocking of ASBA ? 2022
Credit to Demat Accounts ? 2022
Data Patterns Listing on ? 2022

Waaree Energies IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 2.12
Earnings per Share 2020-21,Rs 2.50
Earnings per Share 2021-22 6M Rs ?
Book Value of the Share as on 31.3.2021 Rs 17.48
Return on Net Worth: 19-20 14.01 %
Return on Net Worth: 20-21: 14.28 %
Return on Net Worth: 20-21 6M:( N.A.) %
Equity Shares prior to the IPO : 197,138,492 Shares

Ratio Analysis
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio
Upper offer price/BV after IPO Ratio:

Waaree Energies IPO Peer Comparison:
None of the listed companies in India are engaged in business portfolio similar to this company

Waaree Energies IPO Lead Managers 
Axis Capital,HSBC Securities and Capital Markets,ICICI Securities,Intensive Fiscal Services
Registrar to Waaree Energies IPO
Linkintime India Pvt ltd.

Registered Office of Waaree Energies
602, 6th Floor, Western Edge – I, Western Express Highway, Borivali (East), Mumbai – 400 066
Company Secretary & Compliance Officer : Kirankumar Jain

#This is only coverage of News related to Grey Market . We donot deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.