Waaree Energies Gears Up for IPO Opening on October 21, 2024

 

Mumbai: “Waaree Energies Limited”, a leader in the solar energy sector, is launching its initial public offering (IPO) from Monday, October 21, 2024, to Wednesday, October 23, 2024. The price band for the offer has been set between ₹1,427 and ₹1,503 per equity share, each with a face value of ₹10.

Key Details of the IPO:

Anchor Investor Bidding Date: Friday, October 18, 2024
Bid/Offer Opening Date: Monday, October 21, 2024
Bid/Offer Closing Date: Wednesday, October 23, 2024
Price Band: ₹1,427 - ₹1,503 per Equity Share
Minimum Investment: Bids can be made for at least 9 shares, with subsequent bids in multiples of 9 shares.

Book Running Lead Managers (BRLMs):

The offering is being managed by a consortium of leading financial institutions, including Axis Capital Limited, IIFL Securities Limited, Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited, and ITI Capital Limited.

For more information, interested investors can review the Red Herring Prospectus (RHP) here.

This IPO marks a significant milestone for 'Waaree Energies' as it seeks to expand its footprint in renewable energy and solar solutions, meeting the rising demand for sustainable energy across India and globally.