#ipoalert #stocktowatch #WaareeEnergiesIPO #WaareeEnergies #upcomingipo
The initial public offering (IPO) of Waaree Energies shall kick-off for bidding on Monday, October 21. The solar player shall be offering its shares in the range of Rs 1,427-1,503 apiece. Investors can apply for a minimum of 9 equity shares and its multiples thereafter. The issue will close for bidding on Wednesday, October 23.Incorporated in December 1990, Waaree Energies is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW. The product portfolio of solar energy products consists of the PV modules such as multicrystalline modules; monocrystalline modules; and TopCon modules include flexible bifacial modules, both framed and unframed. 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 by its promoter Waaree Sustainable Finance and investor Chandurkar Investments. At the upper end of the price band, Waaree Energies shall be raising Rs 4,321.44 crore via its IPO. Waaree Renewable Technologies Limited (WRTL) is subsidiary company of Waaree Energies and spearheading the Solar EPC business of Group. WRTL is also a solar developer that finances, constructs, owns and operates solar projects. Watch Exclusive Conversation With Hitesh Chimanlal Doshi, Chairman and Managing Director, Waaree Energies on Waaree Energies IPO and Growth Plans.
#solarenergy #renewableenergy #cleanenergy #stockmarket #investing #sustainableenergy #greenenergy #solarpower #investmentopportunity
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21 окт 2024
