Waaree Energies Limited
Promoters WAAREE SUSTAINABLE FINANCE PRIVATE LIMITES (FORMERLYnMAHAVIR THERMOEQUIP PRIVATE LIMITED) nn · HITESH CHIMANLAL DOSHI · VIREN CHIMANLAL DOSHI · PANKAJ CHIMANLAL DOSHI
Against an issue price of ₹1,503. Split- and bonus-adjusted official closes — a past move, never a forecast.
Waaree Energies Limited raised ₹3,000 crore through a mainboard initial public offer.
The filing places it in Industrial Manufacturing and names four promoters: WAAREE SUSTAINABLE FINANCE PRIVATE LIMITES (FORMERLYnMAHAVIR THERMOEQUIP PRIVATE LIMITED) nn, HITESH CHIMANLAL DOSHI, VIREN CHIMANLAL DOSHI and PANKAJ CHIMANLAL DOSHI.
The book was open from 21 October 2024 to 23 October 2024.
The issue was priced at ₹1,503 a share, from a band of ₹1,427 to ₹1,503.
Of the offer, ₹3,600 crore is a fresh issue of shares — money that goes to the company — and ₹721 crore is an offer for sale, which goes to existing shareholders selling down. Valued at the final issue price.
The issuer reported the offer subscribed 79.0 times the shares on offer. That is its own final figure, filed with the exchange after the book closed — not a reading we took while bidding was open.
The shares listed on 28 October 2024.
The last official close on file is ₹2,499 (21 September 2026), which is 66.3% above the issue price.
It now trades as WAAREEENER, and its filed financials are on its company page.
Shares sold in the issue at ₹1,503 last closed at ₹2,499.
See WAAREEENER’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
Share counts converted at ₹1,503, the final issue price.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Designated exchange
- NSE
- Discount
- None offered
- Registered office
- Western India
- Company website
- https://www.waaree.com/
- Registrar
- Link Intime India Private Limited
- Lead managers
- Axis Capital Limited
- IIFL Securities Limited
- Jefferies India Private Limited
- Nomura Financial Advisory And Securities (India) Pvt Limited
- SBI Capital Markets Limited
- Intensive Fiscal Services Private Limited
- ITI Capital Limited
- Bidding opens21 Oct 2024
- Bidding closes23 Oct 2024
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing28 Oct 2024
This is the issuer’s own final figure, filed with the exchange once bidding had closed — not a reading we took while the book was open. The exchange publishes only a running cumulative figure and no history, so for an issue nobody polled live this filing is the only account of the book that exists. It covers the whole offer and carries no breakdown by category and no timestamp.
- Anchor investors29.5%84,95,887 sh
- Qualified institutional buyers19.7%56,63,925 sh
- Non-institutional investors14.8%42,47,945 sh
- Retail individual investors34.5%99,11,870 sh
- Reserved portion1.5%4,32,468 sh
No part of the offer was set aside for market maker or other.
The portion of the offer set aside for each category before bidding opened, as the issuer filed it. The anchor allocation is filed as its own line rather than inside the institutional one, so these add up to the whole offer. Shares as filed; the percentages are computed against the offer's own share count.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment28 Apr 2025already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment28 Apr 2026already free
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2022 | ₹3.84 | ₹3.84 | 1 |
| FY2023 | ₹21.82 | ₹21.57 | 2 |
| FY2024 | ₹48.05 | ₹47.86 | 3 |
Weighted-average return on net worth over the same years: 26.95%.
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Debt to Equity rationot in our universe | — | — | 0.1% | 0.08 | ₹1 cr |
| January 23, 2024not in our universe | — | — | — | — | — |
| January 24, 2024not in our universe | — | — | — | — | — |
| May 28, 2024not in our universe | — | — | — | — | — |
| May 29, 2024not in our universe | — | — | — | — | — |
| Premier Energies Limited | 151.1 | — | 37.5% | 6.93 | ₹31,713 cr |
| Websol Energy System Limited | — | — | — | -29.99 | ₹268 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Axis Capital Limited 2021 – 2026 | 85 18 measurable | +11.7% | 4 of 14 | 1 of 5 | 2 of 8 |
IIFL Securities Limited 2021 – 2025 | 40 2 measurable | -8.1% | 1 of 1 | — | — |
Intensive Fiscal Services Private Limited 2022 – 2026 | 10 1 measurable | +15.2% | — | — | — |
ITI Capital Limited 2023 – 2024 | 3 0 measurable | — | — | — | — |
Jefferies India Private Limited 2022 – 2026 | 25 4 measurable | +21.1% | 2 of 5 | — | — |
Nomura Financial Advisory and Securities India Private Limited 2021 – 2026 | 9 3 measurable | -7.8% | 2 of 3 | 1 of 1 | 1 of 2 |
SBI Capital Markets Limited 2022 – 2026 | 46 6 measurable | +5.4% | 3 of 5 | 0 of 1 | 0 of 1 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Link Intime India Private Limited 2021 – 2026 | 175 14 measurable | +10.2% | 3 of 13 | 1 of 8 | 0 of 4 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive24 Oct 2024
- Draft red herring prospectus (DRHP)· PDF · exchange archive28 Dec 2023
- Draft red herring prospectus (DRHP)· ZIP · exchange archive28 Sept 2021
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.