Waaree Energies IPO: Invest or Skip?

Catch all the important details about Waaree Energies IPO and decide if it's worth your investment!

Meet Waaree Energies

Established in 1990, Waaree Energies is a top Indian solar PV module manufacturer with a 12 GW capacity across 4 units.

Important IPO Dates

– Open Date: October 21, 2024 – Close Date: October 23, 2024 – Listing Date: October 28, 2024

Price & Lot Size

Price band: ₹1,427 - ₹1,503 per share. Minimum bid of 9 shares per lot.

Waaree Energies Financials

– Revenue grew from ₹3,000 Cr in 2021 to ₹14,000 Cr in 2023. – Profit margins improved from 2% to 11% in the same period.

Why Waaree Stands Out

Largest solar PV module manufacturer in India with a network of 1,300+ clients globally.

Strong Management Team

Two subsidiaries already listed with 7x to 8x returns. Proven success in the market!

Solar Energy’s Bright Future

Solar energy adoption is booming in India with 280 sunny days per year and government support.

Great for Short & Long-Term

Investors could see up to 80-100% listing gains with potential for long-term growth in renewable energy.

Know the Risks

Market volatility, competition in the solar sector, and regulatory changes may affect returns.

Should You Invest?

Waaree Energies IPO looks promising with strong financials, but consider market risks and your personal investment strategy.