WAAREE ENERGIES SHARES made their debut on the exchanges on Monday, opening at Rs 2,550 on the BSE, representing a 69.7% premium over the issue price of Rs 1,503. The stock was also listed on the NSE at Rs 2,500.
WAAREE ENERGIES IPO HIGHLIGHTS
Record Applications: 97.34 lakh applications received.
BUSINESS OF WAAREE ENERGIES:-
Waaree Energies is India’s largest manufacturer of solar PV modules, boasting the highest aggregate installed capacity of 12 GW as of June 2024. In Fiscal 2024, the company achieved the second-highest operating income among all domestic solar PV module manufacturers.
Additionally, Waaree Energies is expanding its global presence by setting up a 3 GW manufacturing facility in the United States, further diversifying its operational capabilities and strengthening its international footprint.
About Company
Waaree Technologies Limited is an India-based company, which is engaged in the trading of e-vehicles, batteries, and artificial intelligence-based products / services. Its products include LIGER SERIES, LION SERIES, LIT SERIES, and LYNX SERIES. Its LIGER range of lithium batteries has an Energy Storage System (ESS) power range of approximately greater than 10 kilowatts (KW). Its LION range of lithium batteries has an ESS power range of approximately less than 10 KW, and provides cyclic performance and longer service life for high temperatures. Its LYNX SERIES is a Lithium Iron phosphate battery, and is mainly designed for Electric Vehicles and Traction systems. Its LIT series is a complete range of 12 Volt (V) Lithium Iron phosphate (LiFePO4) battery products, for a range of applications, such as Uninterruptible Power Supply (UPS), renewable energy systems, and inverters.
Incorporated
2013
Industry
Machinery, Equipment & Components