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Waaree Energies IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 4321.44 Cr. The company is based in Mumbai and caters to Solar sector. Intensive Fiscal Services , Almondz Financial Services , Axis Bank , IIFL Securities , Iti Capital , Jefferies India , Nomura Financial Advisory And Securities (India) , SBI Capital Markets are the merchant bankers of Waaree Energies IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd October 2024.
Waaree Energies IPO posted revenues of ₹ 13985.64 crores and PAT of ₹ 1604.52 crores in FY25 on annualised basis.
Revenue:
₹ 13,635.60 Cr.
EBITDA Margin:
18.77
% 
Net Worth: ₹ 4484.70 Cr.
Market Capitalisation:
₹ 42939.36 Cr.
P/E:
26.76 times
P/BV: 4.88 times
EV/EBITDA: 16.80 times
Financial results of Waaree Energies IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Jun-24 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 11989.47 | 11313.70 | 7419.90 | 2237.30 | |
| Net Worth | 4484.70 | 4087.80 | 1838.40 | 427.60 | |
| Total Debt | 261.10 | 317.20 | 273.40 | 313.00 | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
3408.90
13,635.60 |
11397.60 | 6757.80 | 2854.20 | |
EBITDA
EBITDA on annualised basis |
639.90
2,559.60 |
1809.50 | 944.10 | 202.50 | |
PAT
PAT on annualised basis |
401.10
1,604.40 |
1274.30 | 500.20 | 79.60 | |
Waaree Energies IPO PAT Margin is 11.77 % , ROCE (Return on Capital Employed) is 9.56 % as per latest financial. The below table shows Waaree Energies IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Jun-24 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| EBITDA Margin (%) | 18.77 | 15.88 | 13.97 | 7.09 |
| PAT Margin (%) | 11.77 | 11.18 | 7.40 | 2.79 |
| EPS (₹) | 14.98 | 48.05 | 21.82 | 3.84 |
| ROE (%) | 8.94 | 31.17 | 27.21 | 18.62 |
| ROCE (%) | 9.56 | 36.95 | 48.83 | 23.49 |
| ROA (%) | 3.35 | 11.26 | 6.74 | 3.56 |
| Debt to Equity | 0.06 | 0.08 | 0.15 | 0.73 |
The market Capitalisation of Waaree Energies IPO is ₹ 42939.36 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Waaree Energies IPO prospectus highlights an Return on Equity (ROE) of 8.94 % , Return on Assets (ROA) of 3.35 %, and an EBITDA Margin of 18.77 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Waaree Energies IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Waaree Energies IPO is ₹ 42939.36 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Waaree Energies IPO has a Price-to-Earnings (PE) ratio of 26.76 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Waaree Energies IPO reported revenue of ₹ 13985.64 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Waaree Energies IPO provide insights into sales growth, market demand, and business scalability.
Waaree Energies recorded an EBITDA of ₹ 2,559.60 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Waaree Energies Profit After Tax (PAT) is ₹ 1,604.40 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 13,635.60 Cr.
EBITDA Margin:
18.77
%
Net Worth: ₹ 4484.70 Cr.
Market Capitalisation:
₹ 42939.36 Cr.
P/E:
26.76 times
P/BV: 4.88 times
EV/EBITDA: 16.80 times
Waaree Energies operates in Solar and Solar PV Modules With An Aggregate Installed Capacity Of 12 GW. The Issue is listed on BSE,NSE in Oct, 2024. Waaree Energies IPO size was 4321.44 with Issue price of 1503.00 .
Merchant Banker(s) of Waaree Energies IPO: Intensive Fiscal Services Private Limited , Almondz Financial Services Limited , Axis Bank Limited , IIFL Securities Limited , Iti Capital Limited , Jefferies India Private Limited , Nomura Financial Advisory And Securities (India) Private Limited , SBI Capital Markets Limited
Waaree Energies IPO subscription was 79.44 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Waaree Energies IPO listed at a listing price of 2336.80 against the offer price of 1503.00.
The current market price of Waaree Energies is 3139.40.
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