Waaree Energies Share Price Live Updates: Waaree Energies share price made a strong debut on the bourses today, Monday, October 28. The stock ended listing day at ₹2,345 on NSE, a 56% premium to the IPO price of ₹1,503, and at ₹2,336.80 on BSE, a 55.48% premium.
On NSE, Waaree Energies share price opened at ₹2,500 per share, 66.33% higher than the issue price of ₹1,503. On BSE, Waaree Energies share price today opened at ₹2,550 apiece, up 69.66% than the issue price. However, the stock was down over 6% post-listing.
The company’s initial public offering, aimed at solar panel production, was subscribed 76.34 times on the final day of the share sale, which occurred on Wednesday, October 23, thanks to significant interest from institutional investors.
The initial share sale, totalling ₹4,321.44 crore, received bids for 1,60,91,70,633 shares against the 2,10,79,384 shares that were available, according to data from the BSE.
The segment allocated for Qualified Institutional Buyers (QIBs) saw an impressive 208.63 times subscription. Non-institutional investors subscribed 62.49 times, while Retail Individual Investors (RIIs) achieved a subscription rate of 10.79 times.
This initial offering recorded one of the highest numbers of applications, totalling ₹97.34 lakh. Overall, the public offer attracted a subscription amount exceeding ₹2.41 lakh crore.
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Waaree Energies Share Price Live Updates: Stock ends at ₹2,345 apiece on NSE, 56% premium to IPO price
Waaree Energies share price made a strong debut on the bourses today, Monday, October 28. The stock ended listing day at ₹2,345 on NSE, a 56% premium to the IPO price of ₹1,503, and at ₹2,336.80 on BSE, a 55.48% premium.
Waaree Energies Share Price Live Updates: Here’s all you need to know about the customers
As of March 31 in the years 2022, 2023, and 2024, along with June 30 in 2023 and 2024, the total number of customers they served in India was 716, 566, 378, 836, and 1,067, respectively, while we served 26, 33, 36, 20, and 12 customers outside of India during the same periods. They plan to implement an expansion strategy that includes regular capacity enhancements and ongoing advancements in manufacturing technology and processes, driven by demand, with an emphasis on adopting Mono PERC, large-size silicon wafer technology, and other emerging technologies such as TopCon.
Waaree Energies Share Price Live Updates: Check the firm’s revenue channels
The company’s sales and revenue streams consist of: (i) Direct Sales to Utilities and Enterprises; (ii) Export Sales, which involve selling solar PV modules to international clients along with revenue from international EPC projects; (iii) Retail Sales (including franchisee sales), which encompass solar PV module sales through a wide franchisee network targeting rooftop and MSME customer sectors, as well as revenue from franchisee EPC services; and (iv) Other
Revenue from Operations, which covers EPC services for domestic utilities and enterprises, O&M services, trading in ancillary products, export incentives, electricity generation from renewable sources, and scrap sales.
Waaree Energies Share Price Live Updates: Stock Check
The stock was trading at ₹2,361 per share on NSE, marking a 5.56% fall at 14:41 IST, and at ₹2,361.60 per share on BSE, showing a nearly 7.39% decline.
Waaree Energies Share Price Live Updates: Here’s all you need to know about anchor investors
Solar panel manufacturer Waaree Energies announced on Friday that it has raised ₹1,277 crore from anchor investors just days prior to the start of its initial public offering. Among the anchor investors are Goldman Sachs, Abu Dhabi Investment Authority, Morgan Stanley, The Prudential Assurance Company, and the National Pension Service (managed by BlackRock Institutional Trust Company, NA), alongside HDFC Mutual Fund, ICICI Prudential MF, Canara Robeco MF, Tata MF, and Bandhan MF.
A circular posted on the BSE’s website indicates that the company has distributed 84.96 lakh equity shares to 92 funds at ₹1,503 per share, which is the highest price in the band. This brings the total transaction value to ₹1,277 crore.
From the overall allocation of 84.96 lakh equity shares to the anchor investors, 28.32 lakh equity shares, constituting 33.33 percent of the total, were assigned to 17 domestic mutual funds through 45 different schemes.
Waaree Energies Share Price Live Updates: Here’s all you need to know about manufacturing facilities
They run five manufacturing plants in India across a total area of 143.01 acres. WEL has one factory situated in Surat (Surat Facility), another in Tumb (Tumb Facility), a facility in Nandigram (Nandigram Facility), and one in Chikhli (Chikhli Facility), all located in Gujarat, India, along with the IndoSolar Facility in Noida, Uttar Pradesh.
Waaree Energies Share Price Live Updates: Stock Check
The stock was trading at ₹2,382.50 per share on NSE, marking a 4.70% fall at 13:12 IST, and at ₹2,380.70 per share on BSE, showing a nearly 6.64% decline.
Waaree Energies Share Price Live Updates: Firm to see improvements in margin in next 2 years
“We have been growing our margins, which now stand at 15%. Of course, in the next two years, we see them evolve at a higher level. The margin territories will look very, very solid, both from the perspective of backward integration and the demand. Demand is extremely robust. The policy framework is definitely helping. So, all of that taken together, we are looking at robust margins going forward of about 200 basis points,” said Amit Paithankar, CEO of Waaree Energies in an interview with CNBC TV18.
Waaree Energies Share Price Live Updates: Demand continues to be robust, says Amit Paithankar, CEO of Waaree Energies in an interview
Amit Paithankar, the CEO of Waaree Energies, mentioned in a CNBC TV18 interview that the demand remains very strong in the two market segments they are involved in. The key markets for us are India and the United States, and demand is thriving in both regions. Paithankar referenced an order book totaling 16.67 gigawatts, which continues to expand, and the mix is also quite solid, featuring a significant amount of export orders as well as numerous orders within India. Therefore, the composition is favourable, and the demand persists in being strong.
Waaree Energies Share Price Live Updates: It’s a blow to investors who have brought in the grey market, says Arun Kejriwal
According to Arun Kejriwal, the founder of Kejriwal Research and Investment Services, it’s certainly a lackluster listing; the grey market fluctuated between ₹1200 and 1500. That was the premium it traded at; the broadband ranged from ₹1200 to ₹1500. With a premium of ₹1200, the price should have been ₹2700, and with a higher premium, it should have reached ₹3000. Currently, the highest price has hovered around ₹2600, while the lowest sits at approximately ₹2300. It’s a blow to investors who have brought in the grey market. Investors should keep an eye out for the price to stabilize in the latter half.
Waaree Energies Share Price Live Updates: Stock Check
The stock was trading at ₹2,491.50 per share on NSE, marking a 0.34% fall at 11:34 IST, and at ₹2,492.45 per share on BSE, showing a nearly 2.26% decline.
Waaree Energies Share Price Live Updates: Long term investors can “HOLD” the stock, … says Prashanth Tapse
“ With listing at ₹2550 we believe the stocks can deliver healthy return post listing as well. We believe the long investors demand would remain the counter on the back of sector demand and expansion plan, and an opportunity play the largest manufacturer of solar PV modules in India, bolstered by favourable government policies and few Incentive (PLI) scheme, Hence, we recommend long term investors to “HOLD” while short term investors can look for target anywhere between ₹2750-2800 to book profits. Fresh accumulations can be attempted anywhere between ₹2200-2300 if it comes due to market scenario and profits booking attempts,” said Prashanth Tapse, Sr VP Research – Research Analyst, Mehta Equities Ltd.
Waaree Energies Share Price Live Updates: Investors may consider booking part profit here, says Shivani Nyati, Head of Wealth, Swastika Investmart Ltd
“Overall, Waaree Energies Limited made a strong listing of 2509, reflecting investor confidence in the company’s growth potential and financial stability. Investors may consider booking part profit here, and those who want to hold it for the long term may keep a stoploss of 2000,” said Nyati.
Waaree Energies Share Price Live Updates: Consider holding the stock from a medium to long-term, says expert
Sagar Shetty, Research Analyst, Stoxbox said that Waaree Energies Ltd. made an impressive debut at the stock exchanges today, opening at a premium of 70% over its upper price band.
The company’s global expansion, competitive pricing, and strong order book ensure revenue stability, business continuity, and sustainable growth while optimizing worldwide sourcing and supply chain costs. We thus recommend that investors allotted shares consider holding their positions from a medium to long-term perspective.
Waaree Energies Share Price Live Updates: Check out the company’s listed peers
The company’s listed peers are Websol Energy System Ltd, and Premier Energies Ltd (with a P/E of 151.13).
Waaree Energies Share Price Live Updates: Stock slips in red post robust listing
Waaree Energies share price slumped near 4% on the NSE post a blockbuster listing. At 10:06 IST, Premier Energies share price was trading at ₹2,402 apiece, and on the BSE, the stock was down over 7%, trading at ₹2,360.30.
Waaree Energies Share Price Live Updates: Stock makes a bumper debut, opens with 66.33% premium at ₹on NSE
Waaree Energies share price made a bumper debut on the bourses today. On NSE, Waaree Energies share price opened at ₹2,500 per share, 66.33% higher than the issue price of ₹1,503. On BSE, Waaree Energies share price today opened at ₹2,550 apiece, up 69.66% than the issue price.
Waaree Energies Share Price Live Updates: Check out company details
Established in December 1990, Waaree Energies Limited is an Indian firm that manufactures solar PV modules and operates with a combined installed capacity of 12 GW. The assortment of solar energy products includes Multicrystalline modules, Monocrystalline modules, and TopCon modules, which consist of flexible bifacial modules (Mono PERC) in both framed and unframed versions, as well as building-integrated photovoltaic (BIPV) modules.
Waaree Energies Share Price Live Updates: Check out key details of the issue
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Waaree Energies Share Price Live Updates: Waaree Energies received record-breaking response from investors
The highest recorded number of applications (97.34 lakh) and demand (Rs. 2.41 lakh crore) for any IPO at the upper price band has been achieved, with a net public issue amounting to Rs. 4,321 crore (excluding the anchor investor segment of Rs. 1,276.93 crore).
Waaree Energies Limited has surpassed the previous records held by Bajaj Housing Finance, Tata Technologies, and LIC IPO, becoming the company with the most applications in IPO history.
The interest shown in this IPO reflects the optimistic sentiment and confidence that investors have in the solid fundamentals of Waaree Energies Limited, as well as the expectations for its next growth phase supported by well-structured business plans.
Waaree Energies Share Price Live Updates: Here’s all you need to know about the issue
The company plans to raise up to ₹3,600 crore through an initial public offering by issuing fresh equity shares. Additionally, there will be an offer for sale of up to 4,800,000 equity shares with a face value of ₹10 each.
Promoter Waaree Sustainable Finance Private Ltd and shareholder Chandurkar Investments Pvt Ltd are selling the OFS shares, as mentioned in the Red Herring Prospectus (RHP).
The book running lead managers for the Waaree Energies IPO include Axis Capital Limited, Iifl Securities Ltd, Jefferies India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited, and Iti Capital Ltd. Additionally, Link Intime India Private Ltd is serving as the registrar for the issue.
Waaree Energies Share Price Live Updates: Investors with a short-term view may consider booking partial profits…, says expert
According to Shivani Nyati, who leads Wealth at Swastika Investmart Ltd, Waaree Energies is anticipated to have a strong debut, bolstered by a notable grey market premium (GMP) of 103.79%. Given this, the stock is projected to debut around ₹3,063, signifying a substantial increase of ₹1,560 from the issue price of ₹1,503. The IPO also saw significant interest, with an overall subscription rate of 79.44 times, highlighting robust investor demand.
For those who receive an allotment, holding the stock for the long term could be a good strategy, considering Waaree Energies’ growth potential in the renewable energy space. However, investors with a short-term view may consider booking partial profits on listing day, especially if the stock sees a significant surge.
Waaree Energies Share Price Live Updates: Post listing the valuations can over stretch…., says Prashanth Tapse of Mehta Equities Ltd
According to Prashanth Tapse, Sr VP Research – Research Analyst of Mehta Equities Ltd, despite markets selloff, Waaree Energies received strongest subscription response from all sets of investors mainly driven by the QIB who bid for whopping 215x times the offer followed by 65x and Retail Investors.
Considering strongest subscription demand and sector importance, there is a high possibility and an indication of a blockbuster market debut, which can double allotted investors’ money on day one of listings justifying the demand. For allotted investors, we recommend to book profits as we believe post listing the valuations can over stretch on a higher side discounting all the medium term business growth visibility.
Waaree Energies Share Price Live Updates: Here’s what GMP indicates ahead of listing
Waaree Energies IPO GMP today is +1,275. This indicates Waaree Energies share price was trading at a premium of ₹1,275 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Waaree Energies share price is indicated at ₹2,778 apiece, which is 84.83% higher than the IPO price of ₹1,503.
According to the grey market activities over the past 15 sessions, today’s IPO GMP is showing an upward trend, suggesting a robust listing. The minimum GMP recorded is ₹0, while the maximum reaches ₹1,590, as reported by experts at investorgain.com.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
