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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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