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  5. Waaree Energies Share Price Highlights: Stock settles 6% lower after listing at 66.3% premium

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Waaree Energies Share Price Highlights: Stock settles 6% lower after listing at 66.3% premium

Upstox
By Upstox News Desk

5 min read | Updated on October 28, 2024, 15:40 IST

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SUMMARY

Waaree Energies Share Price Highlights: Waaree Energies shares were listed at ₹2,500 a unit on the National Stock Exchange (NSE) on Monday, a premium of 66.3% to the issue price of ₹1,503 apiece. On the BSE, the stock debuted at a premium of 69.6%.

Stock list

WAAREEENER
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Waaree Energies, incorporated in 1990, is the largest manufacturer of solar PV modules in India.

Waaree Energies, incorporated in 1990, is the largest manufacturer of solar PV modules in India.

Waaree Energies Share Price Live Update at 03:37 pm: Shares of Waaree Energies settled 6.2% lower at ₹2,345 apiece on the NSE after listing at a premium of 66.3%.
Waaree Energies Share Price Live Update at 03:14 pm: Price information
  • Current price: ₹2,341.7 (-6.3%)
  • Open: ₹2,500
  • High: ₹2,624.4
  • Low: ₹2,300
  • Issue price: ₹1,503
Waaree Energies Share Price Live Update at 02:21 pm: The market capitalisation of the company stands at ₹68,172.30 crore as shares slump 5% to ₹2,373 apiece on the NSE.
Waaree Energies Share Price Live Update at 01:28 pm: How much did investors gain from the IPO listing?
At the debut price of ₹2,500, the value of the single lot size stood at ₹22,500 (₹2,500 x 9) against ₹13,527 (₹1,503 x 9) at the issue price. This means that investors who received Waaree Energies made a profit of ₹8,973 per lot at the listing price on NSE.
Waaree Energies Share Price Live Update at 01:00 pm: Waaree Energies shares are down 5% to ₹2,374.9 apiece on the NSE. On the BSE, the stock has declined 6.7% to ₹2,377.5.
Waaree Energies Share Price Live Update at 12:32 pm: Trading stats
  • Traded volume (Lakhs): 170.35
  • Traded value: ₹4,137.73 crore
  • Total market capitalisation: ₹68,370.53 crore
Waaree Energies Share Price Live Update at 11:54 am: The market capitalisation of the company stands at ₹70,529.4 crore as shares are down 1.8%.
Waaree Energies Share Price Live Update at 11:29 am: Shares of Waaree Energies are down 1.3% to ₹2,466.3 apiece on the NSE.
Waaree Energies Share Price Live Update at 11:11 am: How will the company use the money raised?

The net proceeds will be used to establish a 6 gigawatt (GW) ingot wafer, solar cell and solar photovoltaic module manufacturing facility as well as for general corporate purposes.

Waaree Energies Share Price Live Update at 10:50 am: Price information
  • Current price: ₹2,401.2 (-3.9%)
  • Open: ₹2,500
  • High: ₹2,624.4
  • Low: ₹2,300
  • Issue price: ₹1,503
Waaree Energies Share Price Live Update at 10:19 am: Shares of Waaree Energies are trading 6.7% lower at ₹2,332.4 apiece on the NSE. The stock debuted at a premium of 66.3%.
Waaree Energies Share Price Live Update at 10:02 am: After listing at 66.3% premium, Waaree Energies shares declined 5.1% to ₹2,372.4 apiece on the NSE.
Waaree Energies Share Price Live Update at 9:55 am: The stock debuted at a premium of 69.6% at ₹2,550 on the BSE.
Waaree Energies Share Price Live Update at 9:54 am: Waaree Energies shares listed at ₹2,500 a unit on the National Stock Exchange (NSE) on Monday, a premium of 66.3% to the issue price of ₹1,503 apiece.
Waaree Energies IPO Listing Live Update at 9:45 am: On which exchanges will Waaree Energies shares be listed?

Shares of Waaree Energies Limited will be listed on the NSE and the BSE.

Waaree Energies IPO Listing Live Update at 9:33 am: Objective

The money raised from the fresh issuance of equity shares will be utilised to set up a 6GW ingot wafer, solar cell and solar PV module manufacturing facility. It will also be used for general corporate purposes.

Waaree Energies IPO Listing Live Update at 9:17 am: According to analysts, shares of Waaree Energies are expected to list at a good premium. Notably, the company had received a stellar subscription and record number of applications.
Waaree Energies IPO Listing Live Update at 9:10 am: At what CAGR did the company grow between FY22 and FY24?

Between the financial year (FY22) 2021-22 and FY24, the firm saw a compound annual growth rate (CAGR) rise of over 58% in its revenue from operations and 152% in its profit.

Waaree Energies IPO Listing Live Update at 8:42 am: Financials
ParticularsFY22FY23FY24
Revenue₹2,854 cr₹6,750 cr₹11,397 cr
Net Profit₹79.6 cr₹500 cr₹1,274 cr
Waaree Energies IPO Listing Live Update at 8:24 am: Price band

The company had set a price band of ₹1,427 to ₹1,503 per share for the ₹4,321.44 crore public offer.

Waaree Energies IPO Listing LIVE: Waaree Energies shares will make their Dalal Street debut on Monday, October 28. The initial share sale will be listed on the NSE and the BSE.

During the October 21-October 23 subscription window, the initial public offering was subscribed a whopping 76.34 times.

Qualified institutional buyers, or QIBs, subscribed the most, 208.63 times, followed by non-institutional investors, 62.49 times, and retail investors, 10.79 times.

Waaree Energies IPO: This subsidiary of solar cell maker has given over 59,000% return in 5 years
Waaree Energies IPO allotment status was finalised on Saturday.

The solar panel maker is raising ₹4,321.44 crore, including ₹3,600 crore from the fresh issue of shares and ₹721.44 crore via an offer-for-sale.

Waaree Energies IPO: Know the company’s competitors

Waaree Energies IPO listing date and time

Shares of Waaree Energies will be listed on the NSE and the BSE today at 10 am.
To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.
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