Waaree Energies IPO Is Set To Disrupt The Listed Solar Module Industry

Waaree Energies Limited, an Indian solar module manufacturer, is preparing for an initial public offering (IPO) that is expected to disrupt the listed solar module industry in India and beyond. Here are some key facts about Waaree Energies and its upcoming IPO:

1. Waaree Energies is a leading solar module manufacturer in India with a strong presence in domestic and international markets. The company has a manufacturing capacity of 1.5 GW of solar modules per annum and has delivered over 4 GW of solar power projects.

2. Waaree Energies is the largest solar module manufacturer in India in terms of market share, according to a report by Mercom India Research. The company's market share was 15% in Q3 2021, followed by Tata Power Solar with 13% and REC Limited with 11%.

3. The company's IPO is expected to raise around INR 1,200-1,500 crore ($160-200 million) at a price band of INR 150-165 per share. The issue consists of a fresh issue of INR 500 crore and an offer for sale of up to 12,500,000 equity shares by existing shareholders.

4. The proceeds from the IPO will be used for expansion of manufacturing capacity, research and development, working capital requirements, and general corporate purposes.

5. Waaree Energies has a strong order book of over INR 3,000 crore as of March 2022, which is expected to provide a strong revenue growth trajectory in the coming years.

6. The company has a diversified customer base with over 1,500 customers across 35 countries. Some of its key customers include Adani Green Energy, ReNew Power, and Azure Power.

7. Waaree Energies has a robust technology portfolio with over 150 patents and patent applications in solar technology. The company's modules have a higher efficiency rating compared to industry standards and offer better durability and reliability.

8. The solar module industry in India is expected to grow at a compound annual growth rate (CAGR) of 25% between 2021 and 2026, according to a report by Grand View Research. The government's ambitious target of installing 100 GW of solar capacity by 2022 and the increasing demand for renewable energy are some of the key drivers of this growth.

9. Waaree Energies' IPO is expected to attract institutional and retail investors due to its strong financial performance, market leadership position, and growth prospects in the solar module industry.

In conclusion, Waaree Energies' IPO is set to disrupt the listed solar module industry in India and beyond due to its strong market position, robust technology portfolio, diversified customer base, and growth prospects in the solar industry. The company's IPO is expected to raise significant funds that will be used for capacity expansion and other growth initiatives.