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15 Days Price Change

Waaree Energies IPO

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WEBSITE Inc. Year: 1990 Industry: Electric Equipment Listed Page

Profile
Issue Size --
Profile
Price Range 1427  to  1503 per share
Profile
Min Investment ₹1503
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Waaree Energies Ltd is a prominent player in the renewable energy sector, specializing in solar power solutions. Founded in India, it has established a global presence as a leading manufacturer and provider of solar photovoltaic modules, solar inverters, and a wide range of solar energy solutions. With a commitment to sustainability and innovation, Waaree Energies has contributed significantly to the adoption of clean energy worldwide. The company boasts state-of-the-art manufacturing facilities and a robust research and development division, ensuring the delivery of high-quality, reliable solar products. Waaree Energies has played a pivotal role in promoting solar energy adoption across diverse sectors, including residential, commercial, and industrial, addressing the growing demand for clean, green power solutions. With a reputation for excellence and a mission to create a sustainable future, Waaree Energies continues to be at the forefront of the renewable energy revolution. Read More

Basic Info

Face Value 10 per share

Price 1427  to  1503 per share

P/E (x) 22

Sales( Cr.) 14445

PAT( Cr.) 1928

EPS 68.2

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Hitesh Chimanlal Doshi Viren Chimanlal Doshi Pankaj Chimanlal Doshi Waaree Sustainable Finance Private Limited

Pre Issue Share Holding 99.07%

Post Issue Share Holding 56.67%

Listing Details:

Listing Price: 2550

Listing Gain: 41.06%

Current Price: 3140.8

Gain On Issue: 3140.8 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Oct 21, 2024
Closing Date Oct 23, 2024
Allotment Oct 24, 2024
Refund Oct 25, 2024
Delivery of Shares Oct 25, 2024
Listing Date Oct 28, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 9 13,527
Retail (Max) 14 126 189,378
S-HNI (Min) 15 135 202,905
S-HNI (Max) 73 657 987,471
B-HNI (Min) 74 666 1,000,998

Objective of the Issue

1. Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India (Project). 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 14376048 3091281601 215x
NII 4312814 281411114 65.3x
Retail 10063233 113412636 11.3x
EMP 0 0 0x
Total 28752095 2284066427 79.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Waaree Energies Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 551 829 992 1341 1591 1996 1953 2854 6751 11398 14445
Other Income 17 4 25 16 22 26 30 92 112 235 402
Total Income 568 833 1017 1357 1613 2021 1983 2946 6863 11633 14846
Total Expenditure 524 749 887 1230 1447 1904 1857 2743 5919 9823 11723
Operating Profit 44 83 130 127 165 118 126 203 944 1810 3123
Interest 11 49 53 57 59 34 31 41 82 140 152
Depreciation 4 16 28 28 41 27 32 43 164 277 402
Exceptional Income / Expenses 0 0 0 0 37 0 4 0 -21 341 -4
Profit Before Tax 28 18 49 41 103 57 67 118 677 1734 2565
Provision for Tax 15 15 24 17 20 18 21 39 177 460 637
Profit After Tax 13 4 25 24 82 39 46 80 500 1274 1928
Adjustments 1 4 6 -1 0 3 1 -4 -18 -37 -61
Profit After Adjustments 13 8 31 23 82 42 47 76 483 1237 1867
Adjusted Earnings Per Share 0.7 0.4 1.6 1.2 4.2 2.1 2.4 3.8 19.8 47 65

Waaree Energies Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 127 134 153 176 257 298 353 428 1838 4088 9479
Minority's Interest 44 71 72 0 0 42 40 12 23 61 116
Borrowings 255 337 338 411 66 71 189 189 146 103 24
Other Non-Current Liabilities 8 11 113 113 50 56 83 93 469 1556 1296
Total Current Liabilities 374 277 414 376 446 471 625 1498 4929 5423 8786
Total Liabilities 807 830 1089 1076 819 938 1289 2219 7406 11231 19701
Fixed Assets 49 306 550 540 126 151 293 624 1105 1450 4036
Other Non-Current Assets 386 286 193 221 112 179 226 251 818 1768 2509
Total Current Assets 372 238 347 314 581 607 770 1344 5476 8013 13139
Total Assets 807 830 1089 1076 819 938 1289 2219 7406 11231 19701

Waaree Energies Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 149 27 7 7 22 34 13 139 254 121
Cash Flow from Operating Activities 0 44 113 102 105 83 72 701 1560 2305 3158
Cash Flow from Investing Activities 0 -182 -90 -142 16 -22 -250 -675 -2094 -3340 -6808
Cash Flow from Financing Activities 0 35 -44 40 -106 -50 157 99 642 909 4036
Net Cash Inflow / Outflow 0 -102 -21 -1 16 11 -21 125 109 -126 386
Closing Cash & Cash Equivalent 0 47 7 6 22 34 13 139 254 121 510

Waaree Energies Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.67 0.38 1.56 1.17 4.18 2.12 2.36 3.84 19.84 47.05 65
CEPS(Rs) 0.86 1.01 2.68 2.66 6.24 3.36 3.95 6.24 27.3 58.99 81.13
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 6.43 6.79 7.75 8.92 13.03 15.12 17.88 21.69 74.03 153.69 327.84
Core EBITDA Margin(%) 4.91 9.61 10.58 8.24 9.03 4.62 4.9 3.89 12.33 13.81 18.84
EBIT Margin(%) 7.14 8.1 10.26 7.35 10.16 4.54 4.99 5.58 11.25 16.44 18.81
Pre Tax Margin(%) 5.1 2.22 4.95 3.09 6.45 2.85 3.41 4.15 10.03 15.22 17.76
PAT Margin (%) 2.3 0.47 2.51 1.81 5.18 1.96 2.34 2.79 7.41 11.18 13.35
Cash Profit Margin (%) 3.07 2.41 5.34 3.91 7.73 3.31 3.99 4.31 9.84 13.61 16.13
ROA(%) 1.57 0.47 2.59 2.24 8.69 4.44 4.09 4.54 10.4 13.68 12.47
ROE(%) 9.98 2.97 17.36 14.76 38.07 14.07 14.02 20.42 44.88 43.62 28.65
ROCE(%) 7.42 12.38 18.16 15.84 30.99 23.02 17.19 21.11 43.44 49.05 34.71
Receivable days 51 29.71 35.25 29.11 33.89 32.5 24.15 13.48 10.95 20.56 27.24
Inventory Days 52.19 32.49 23.6 21.5 22.76 31.37 57.1 57.94 87.78 84.77 66.68
Payable days 104.34 79.16 89.26 75.68 76.9 68.06 74.91 70.26 69.67 60.56 66.81
PER(x) 0 0 0 0 0 0 0 0 0 0 37.01
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 7.34
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.6 0.54 0.47 0.5 0.12 0.12 0.23 0.07 -0.09 -0.23 4.33
EV/Core EBITDA(x) 7.56 5.41 3.6 5.31 1.12 2.07 3.54 1 -0.67 -1.47 20.04
Net Sales Growth(%) 0 50.45 19.63 35.21 18.64 25.44 -2.14 46.14 136.52 68.83 26.73
EBIT Growth(%) 0 70.8 51.51 -3.07 63.96 -43.94 7.54 63.38 376.85 146.78 44.96
PAT Growth(%) 0 -69.39 542.58 -2.52 239.49 -52.61 16.87 74.65 528.09 154.73 51.3
EPS Growth(%) 0 -42.49 305.48 -25.01 257.05 -49.34 11.71 62.34 417 137.18 38.16
Debt/Equity(x) 3.18 3.15 2.7 2.87 0.42 0.42 1.01 0.87 0.48 0.21 0.13
Current Ratio(x) 1 0.86 0.84 0.84 1.3 1.29 1.23 0.9 1.11 1.48 1.5
Quick Ratio(x) 0.78 0.61 0.7 0.57 1.08 0.77 0.64 0.54 0.56 1 1.19
Interest Cover(x) 3.51 1.38 1.93 1.72 2.74 2.69 3.15 3.9 9.23 13.4 17.86
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0.02

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 27% 72% 49% 39%
Operating Profit CAGR 73% 149% 93% 53%
PAT CAGR 51% 189% 118% 65%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 4% NA% NA% NA%
ROE Average 29% 39% 30% 23%
ROCE Average 35% 42% 33% 25%

Company Contact Information

Waaree Energies Ltd.

602, 6th Floor, Western Edge - I Western Express Highway Borivali (East)

IPO Lead Manager(s)

Waaree Energies Ltd.

Axis Capital Ltd.

IIFL Securities Ltd.

Intensive Fiscal Services Pvt Ltd

Jefferies India Pvt Ltd.

Nomura Financial Advisory & Securities (India) Pvt Ltd.

SBI Capital Markets Ltd

ITI Capital Ltd

Registrar Info

Waaree Energies Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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