Mumbai: Waaree Energies, a solar module manufacturer, has proposed to open its initial public offering (IPO) on 21 October, 2024, it said in a press release on Wednesday.
According to the official press release, the price band of the IPO has been fixed at Rs 1,427 per equity share to Rs 1,503 per equity share of the face value of Rs 10 each of Waaree Energies.
The anchor investor bidding date is 18 October, 2024. While the offer opening and offer closing dates are 21 October, 2024 and 23 October, 2024, respectively.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 36,000 million and an offer for sale of up to 4,800,000 equity shares comprising up to 4,350,000 equity shares by Waaree Sustainable Finance and up to 450,000 equity shares by Chandurkar Investments.
The equity shares of the company are proposed to be listed on BSE and the NSE.
Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory and Securities (India), SBI Capital Markets, Intensive Fiscal Services, and ITI Capital are the Book Running lead managers to the Offer.
