Ahmedabad: Waaree Energies Limited proposes to open an initial public offering of Equity Shares on Monday, October 21, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Friday, October 18, 2024. The Bid/ Offer Closing Date is Wednesday, October 23, 2024, the company announced today.

The company stated that The Price Band of the Offer has been fixed from ₹ 1,427 per Equity Share to ₹ 1,503 per Equity Share. Bids can be made for a minimum of 9 Equity Shares and multiples of 9 Equity Shares thereafter.

“The Offer comprises a fresh issue of Equity Shares aggregating up to ₹ 36,000 million (“Fresh Issue”) and an offer for sale of up to 4,800,000 Equity Shares (“Offered Shares”) comprising up to 4,350,000 Equity Shares by Waaree Sustainable Finance Private Limited (“Promoter Selling Shareholder”); and up to 450,000 Equity Shares by Chandurkar Investments Private Limited (“Other Selling Shareholder” and together with the Promoter Selling Shareholder, the “Selling Shareholders”, and such offer for sale of Equity Shares by the Selling Shareholders, the “Offer for Sale”). The Offer includes a reservation of such number of Equity Shares, for subscription by Eligible Employees (the “Employee Reservation Portion”).” the official statement said.

“The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”).  Axis Capital Limited, IIFL Securities Limited, Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and ITI Capital Limited are the Book Running Lead Managers (“BRLMs”) to the Offer, the statement further added.