Waaree Energies Limited proposes to open an initial public offering of Equity Shares on October 21. The Anchor Investor Bidding Date is October 18 and the Offer Closing Date is October 23.
The Price Band of the Offer has been fixed from INR 1,427 per Equity Share to INR 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 INR 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 Private Limited and up to 450,000 Equity Shares by Chandurkar Investments Private Limited.
The Equity Shares of the Company are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited.
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 to the Offer.