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.


- 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.
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.
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.
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.