October 18, 2024

Waaree Energies IPO: 5 things to know

Incorporated in 1990, Waaree Energies is a leading maker of solar PV modules. It has four plants in 
Gujarat with total capacity of 12 GW.

The IPO will open for subscription on October 21, 2024, and close on October 23, 2024.

The total issue size is ₹4,321.44 crore, comprising a fresh issue of ₹3,600 crore and an offer for sale of ₹721.44 crore.

The price band is set at ₹1,427 to ₹1,503 per share, with a minimum investment of ₹13,527 for a lot of 9 shares.

The funds raised from the IPO will be used for capacity expansion and general corporate purposes.

India's largest IPOs of all time

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