As of June 12, 2024, Waaree Energies Share Price is ₹2,255 per equity share. The 52-week high for Waaree Energies shares is ₹2285, while the 52-week low is ₹790. The lot size for Waaree Energies Ltd. is 50 shares.
The Waaree Energies IPO was expected to include a fresh issue of shares worth Rs 3,000 crore and an offer for sale (OFS) of 32 lakh equity shares by the existing shareholders with a face value of Rs 10 each.
*Note: The rates and lot size mentioned above for Waaree Energies unlisted shares are indicative and may fluctuate. Kindly check the latest rates of shares with us, as they vary over time.
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Investment Thesis:
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Financials:
India's Solar Power Play Q4FY24 Update:
China dominates the global solar module market, but India is rising fast. Falling Chinese costs threaten competitors, but India benefits from reduced imports and potential import restrictions on Chinese modules in the US. Indian manufacturers are scaling up and becoming cost-competitive, aided by government policies and US tax credits. Though near-term margins may be squeezed, rising demand and cost-effectiveness bode well for the future. Short-term investors should be cautious, but mid-to-long-term prospects are promising, with an IPO on the horizon in FY24.
Key Person: Hitesh Chimanlal Doshi has been affiliated with the company since 1999 and currently holds a pivotal role overseeing the financial performance, investments, and strategic initiatives. He provides strategic counsel to the Board, executes business strategies, and establishes policies. The company is the parent of the well-known solar EPC player Waaree Renewable Technologies Ltd (WRTL), which achieved an impressive 117% year-on-year growth in FY24, maintaining a remarkable five-year CAGR of 180%. Additionally, Hitesh Chimanlal Doshi is a promoter of the reputable battery manufacturing business, Waaree Technologies Ltd (WTL), which is listed on NSE.
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, Min. Investment: ₹