Waaree Energies IPO GMP Today: All You Need to Know

The Waaree Energies Limited IPO is one of the most anticipated IPOs in 2024. Set to hit the market from October 21 to October 23, 2024, this IPO is drawing significant attention due to the company’s leadership in the solar energy industry. In this blog, we’ll break down everything you need to know about the Waaree Energies IPO. From the important dates to the subscription details and even the grey market premium (GMP) trend, you’ll get all the insights. Our focus keyword is “Waaree Energies IPO GMP Today,” and we’ll be looking into why this IPO is creating a buzz.

Waaree Energies Limited IPO Details

Let’s start with a quick overview of the Waaree Energies IPO details. Here’s a table to simplify the important dates and figures:

The Waaree Energies IPO GMP today is an important factor to consider, as it indicates the demand for the stock even before its official listing. The current grey market premium stands at around ₹1,425, reflecting strong investor interest.

Waaree Energies IPO Subscription Details

The Waaree Energies IPO is expected to attract a wide range of investors. The issue is divided into three main categories:

• Qualified Institutional Buyers (QIBs): 50% of the total issue
• Non-Institutional Investors (NIIs): 15%
• Retail Individual Investors (RIIs): 35%

With a price band of ₹1,427 to ₹1,503 per share and a minimum lot size of 9 shares, retail investors can participate with a minimum investment of ₹13,527. Investors can subscribe between October 21 and October 23, 2024.

Waaree Energies IPO GMP Today

Now let’s talk about the Waaree Energies IPO GMP today, which has been the talk of the town. The grey market premium (GMP) is currently hovering around ₹1,375. This is significant because the GMP is often an early indicator of how the stock will perform when it gets listed.

If you’re not familiar with the term, GMP is the amount at which shares are being traded in an unofficial market before the official listing on stock exchanges. With a GMP of ₹2,878, the expected listing price could be well above the issue price. For instance, if the upper price band is ₹1,503 and you add the GMP, the potential listing price could be around ₹3000 per share!

Waaree Energies Business Overview

Waaree Energies Limited is one of India’s leading solar energy companies, and this is why investors are excited about its IPO. The company has been around since 1990 and has grown into the largest solar photovoltaic (PV) module manufacturer in India, with an installed capacity of 12 GW as of June 2023.

Here’s a quick look at their core business operations:

• Solar PV Manufacturing: Waaree Energies specializes in producing multicrystalline, monocrystalline, and TopCon solar modules.
• EPC Services: They offer end-to-end solar project solutions, including design, procurement, and construction.
• Product Range: In addition to solar panels, they manufacture solar inverters, lithium-ion batteries, solar cables, and thermal systems.

Waaree Energies also has a global presence, exporting to countries like the United States, Canada, and Italy. With plans to expand manufacturing capabilities to 11.4 GW, the company is positioned to meet the growing demand for renewable energy solutions.

Waaree Energies Limited Financials

The financial health of Waaree Energies Limited is another reason why the IPO is generating so much interest. Let’s take a look at their key financial highlights:

• Revenue Growth: The company reported revenue of ₹11,632.76 crore in FY 2024, up from ₹6,860.36 crore in FY 2023. That’s an impressive 68.8% growth rate.
• Net Profit: Waaree Energies posted a net profit of ₹1,274.38 crore in FY 2024, up from ₹500.28 crore in FY 2023.
• Debt Position: The company’s debt-to-equity ratio stands at a low 0.10, indicating solid financial health.

These figures show that Waaree Energies is not only growing but doing so in a sustainable manner, making the IPO an attractive proposition for investors.

Waaree Energies IPO Review

Given the company’s strong market position and financial performance, analysts are positive about the Waaree Energies IPO. Leading brokerage firms have given a “Subscribe” rating to the IPO, citing the company’s leadership in the solar sector and its growth potential.

Additionally, the Waaree Energies IPO GMP today adds further confidence, as the premium reflects strong demand. With renewable energy becoming a critical industry, Waaree’s expansion plans and financial strength make it a solid investment choice.

Allotment and Key Dates

The allotment for the Waaree Energies IPO will be finalized on October 24, 2024. Investors will receive shares in their Demat accounts by October 25, 2024. If you’re applying for the IPO, here’s the timeline to keep in mind:

If you don’t get allotted shares, refunds will be initiated by October 25, 2024.

FAQs

Here are some frequently asked questions about the Waaree Energies IPO:

1. What is the price band for the Waaree Energies IPO?
The price band is set between ₹1,427 and ₹1,503 per share.

2. What is the Waaree Energies IPO GMP today?
The Waaree Energies IPO GMP today is ₹1,375, indicating strong investor interest.

3. What is the lot size for retail investors?
The minimum lot size is 9 shares, which requires an investment of ₹13,527.

4. When will the shares be listed on the stock exchanges?
The shares are expected to be listed on October 28, 2024.

5. How can I check the allotment status?
You can check your allotment status on the registrar’s website or the BSE website after October 24, 2024.

Conclusion

The Waaree Energies IPO is shaping up to be one of the most exciting investment opportunities of 2024. With the Waaree Energies IPO GMP today reflecting strong demand, it’s clear that investors are eager to be a part of this growing solar energy company. If you’re looking to invest in a company with strong financials and significant growth potential, Waaree Energies is definitely one to watch. Make sure to mark your calendars for the subscription dates and keep an eye on the grey market premium for more insights into the listing price!