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Waaree, India's Solar Leader, Powers Up IPO to Fuel Mega Expansion
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Waaree, India's Solar Leader, Powers Up IPO to Fuel Mega Expansion
29 December 2023
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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