India's Biggest Solar Company Waaree Energies Pre IPO FY24 Results: Waaree Energies IPO Coming Soon!

Waaree Energies Unlisted Shares FY24 results are out! The company posted a revenue of ₹11,397 crore, which is 69% higher than last year. Along with this, PAT (Profit After Tax) also surged by 154%, reaching ₹1,274 crore. Waaree’s focus on expansion and exports is the main reason behind this growth.

And here’s the biggest good news... Waaree Energies Ltd is planning to launch its IPO around mid-October 2024, aiming to raise ₹3,000 crore.

This could be a great investment opportunity because of Waaree’s strong financial performance, and Waaree Energies IPO is expected to be available at a P/E of 57, which is undervalued compared to its peers. However, we believe that the IPO price should be below ₹1,500. Currently, in the Pre-IPO market, it’s trading at a premium, so you can decide whether you want to wait for the IPO or secure an assured allotment in the Pre-IPO phase. If you're interested in Waaree Energies Pre IPO shares, you can contact Planify now @ 7065560002.

About Waaree Energies Limited:

Waaree Energies Limited is a prominent player in the renewable energy sector, specializing in the manufacturing and distribution of solar photovoltaic (PV) modules. With a strong focus on sustainable energy solutions, Waaree has established itself as a leading force in India's solar industry. The company's state-of-the-art manufacturing facilities produce a wide range of high-quality solar panels, catering to both residential and commercial needs. Waaree's commitment to innovation and quality has enabled it to contribute significantly to the country's renewable energy goals, promoting a cleaner and greener future.