Home/article/Waaree, India's Solar Leader, Powers Up IPO to Fuel Mega Expansion

Waaree, India's Solar Leader, Powers Up IPO to Fuel Mega Expansion

Written by: Diksha Kalra

Published: Sep 16, 2026

Updated: Sep 16, 2026

1 min read

Waaree Energies Limited IPO Key Points:

Largest solar PV module manufacturer in India (12 GW capacity)
Filing IPO prospectus (DRHP) with SEBI
Offering:
- Fresh issue: up to ₹3000 crore worth of Equity Shares
- Offer for sale: up to 3,200,000 Equity Shares (₹10 each)
  - 2,700,000 by Promoter Selling Shareholder
  - 450,000 by Chandurkar Investments
  - 50,000 by Samir Surendra Shah
Book Running Lead Managers: Axis Capital, IIFL, Jefferies, Nomura, SBI Capital, Intensive Fiscal, ITI Capital
Net Proceeds Usage:
- 6GW Ingot Wafer, Solar Cell & Module facility in Odisha (part funding)
- General corporate purposes

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