Waaree Energies Ltd. has announced public offering of 28752096 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 1,493.00 per share. The gross proceeds of the issue are expected to be Rs 4,32,144.00 lakhs.
The company's initial public offer (IPO) will open on 21 October 2024 and is expected to close on 23 October 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 1,427.00-1,503.00 per share.
The IPO includes a fresh Issue of 28752096 Equity Shares of the Company at an price of Rs 1,503.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 9 shares with bids in multiples of 9.
Waaree Energies Ltd. anticipates using the proceeds of the issue for .
Axis Capital Ltd.,Nomura Financial Advisory & Securities (I) P Ltd.,IIFL Securities Ltd.,SBI Capital Markets Ltd.,Intensive Fiscal Services Private Limited.,Jefferies India Pvt. Ltd.,ITI Capital Ltd. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.