Waaree Energies Limited IPO has a ₹1,510 Grey Market Premium as of October 21, 2024, with a price range from ₹1427 to ₹1503 per share. Offering lots of 9 shares, the subscription window is open from October 21 to October 23, 2024.
Waaree Energies Limited IPO GMP Today
The Grey Market Premium (GMP) for Waaree Energies Limited is ₹1,510 as of October 21, 2024. This assessment coincides with a price from ₹1427 to ₹1503 per share for the IPO.
Waaree Energies Limited IPO Review
Waaree Energies Ltd demonstrates robust financial health with consistent revenue growth and enhanced profitability. Revenue rose from ₹67,508.73 million in FY2023 to ₹1,13,976.09 million in FY2024, while profit after tax increased from ₹5,002.77 million in FY2023 to ₹12,743.77 million in FY2024, reflecting the company’s effective business expansion.
The company’s equity strengthened from ₹18,384.10 million in FY2023 to ₹40,878.13 million in FY2024, boosting shareholder returns as the Diluted EPS for FY2024 is ₹47.86 With a healthy balance sheet, NAV per share increased from ₹75.01 in FY2023 to ₹154.96 in FY2024 and further to ₹169.94 in June 2024, Waaree Energies showcased strong liquidity and reduced reliance on debt.
To get a full IPO review, click here Waaree Energies IPO
Waaree Energies Limited IPO Date
Waaree Energies Limited will start accepting subscriptions from October 21 to October 23, 2024.
Waaree Energies Limited IPO Price
Waaree Energies Limited’s price range is from ₹1427 to ₹1503 per share with a face value of ₹10 each.
Waaree Energies Limited
Waaree Energies, established in 2007, is India’s largest solar PV module manufacturer with a total installed capacity of 12 GW. In Fiscal 2024, it ranked second in operating income among domestic manufacturers. Focused on delivering affordable, sustainable energy solutions, Waaree operates five facilities across Surat, Tumb, Nandigram, Chikhli (Gujarat), and Noida, promoting renewable energy and reducing carbon footprints.
How To Apply For Waaree Energies Limited IPO?
To apply for the Waaree Energies Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Waaree Energies Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
You can apply for the Waaree Energies Limited IPO at Alice Blue in just a few clicks!