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    Waaree Energies gets Sebi approval for IPO, new issue worth Rs 3,000 crore

    ElcioBy No Comments3 Mins Read0 Views

    Photo voltaic PV module maker Waaree Energies on Monday obtained a nod from market regulator Securities and Change Board of India (Sebi) approve its proposal initial public offering (initial public offering). The corporate’s IPO contains the issuance of contemporary fairness shares totaling as much as Rs 3,000 crore and the sale of as much as 3.2 million fairness shares of face worth of Rs 10 every.

    The corporate had utilized to Sebi for a public providing on December 29, 2023, and the regulator issued an statement letter on September 19, 2024.

    OFS is held by Waaree Sustainable Finance Personal Restricted (previously Mahavir Thermoequip Personal Restricted) with as a lot as 2.7 million fairness shares. Is the promoter promoting shareholder. Different promoting shareholders embody Chandurkar Investments Personal Restricted and Samir Surendra Shah, who will promote as much as 450,000 fairness shares and 50,000 fairness shares respectively.

    The corporate claims to be India’s largest photo voltaic photovoltaic module producer, with a most whole set up capability of 12 GW as of June 30, 2023.

    Axis Capital Restricted, IIFL Securities Restricted, Jefferies India Personal Restricted, Nomura Monetary Advisory and Securities (India) Personal Restricted, SBI Capital Markets Restricted, Intense Fiscal Companies Personal Restricted and ITI Capital Restricted are the book-running lead managers (BRLM) for the difficulty.

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