Waaree Energies IPO opens today: Should you subscribe to issue?

Waaree Energies IPO opens today: Should you subscribe to issue?

The IPO of Waaree Energies includes a fresh share sale of Rs 3,600 crore and an offer-for-sale (OFS) of up to 48,00,000 equity shares amounting to Rs 721.44 crore.

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Incorporated in December 1990, Waaree Energies is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW.Incorporated in December 1990, Waaree Energies is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW.
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Pawan Kumar Nahar
  • Oct 21, 2024,
  • Updated Oct 21, 2024 10:06 AM IST

Waaree Energies has launched its initial public offering (IPO) on Monday, October 21. The solar power player is offering its shares in the range of Rs 1,427-1,503 apiece, for which investors can apply for a minimum of 9 equity shares and its multiples thereafter. The issue will close for bidding on Wednesday, October 23.

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By 2027, the company plans to achieve significant capacity expansions, targeting 11.4 GW of solar cell manufacturing, 20.9 GW of module manufacturing, and 6 GW of ingot and wafer production. Given the company's robust growth trajectory, strategic capacity expansion, and market leadership, we recommend a 'subscribe' to the issue, said Arete Securities.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

Waaree Energies has launched its initial public offering (IPO) on Monday, October 21. The solar power player is offering its shares in the range of Rs 1,427-1,503 apiece, for which investors can apply for a minimum of 9 equity shares and its multiples thereafter. The issue will close for bidding on Wednesday, October 23.

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Related Articles

By 2027, the company plans to achieve significant capacity expansions, targeting 11.4 GW of solar cell manufacturing, 20.9 GW of module manufacturing, and 6 GW of ingot and wafer production. Given the company's robust growth trajectory, strategic capacity expansion, and market leadership, we recommend a 'subscribe' to the issue, said Arete Securities.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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