Are Waaree Energies IPO plans to raise its unlisted share price unprecedentedly?

You have come to the right place to know whether the unprecedented rise of the unlisted Waaree Energies share is because of its IPO plans to rise 300 to 350 million dollars. There are many reasons for its rapid rise in the last three months from Rs. 975 in December 2023 to RS—2150 in March 2024. Waaree Energies is the top solar PV manufacturer with the largest installed capacity in India at 12 GW. Also, because of raising Rs. 1,000 crores in funding in August 2023 to expand its capacity to 20 GW to be the world’s largest solar PV module manufacturer apart from China. In November 2023, it partnered with NTPC, or National Thermal Power Corporation of India, to use its PV modules for a solar power project in Rajasthan. Also, another significant reason for this is the continuous rapid rise in revenue and profit after tax year after year, making it the best investment in the unlisted market to yield high returns. 

So, let us check out in detail why the unlisted Waaree Enterprises shares have been rising in the last few months, not only because the company filed DRHP with SEBI to buy it from the top broker but also to yield windfall profits. 

Why is Waaree Energies’ unlisted share rising in recent months unprecedently?

In the last few months, there has been good news for the solar giant Waaree Energies Ltd, which produces photovoltaic PV modules to transform sunlight into electricity. Solar energy has become the best alternative, with many countries raising concerns about climate change disasters and reducing reliance on fossil fuels to generate electricity. With the Indian government committed to reducing carbon emissions 6y 50% before 2030 and 0% by 2050, it offers PLI or a production-linked incentive scheme to allocate 48,337 MW manufacturing capacity.   So far, Waaree Ehas has added 6,000 MW and intends to add 5.4 GW of solar self, but it tells you to cancel. To fund its expanding capacity, it raised Rs. 1,000 crores, led by ValueQuest in August 2023, announcing that it will increase its 20 GW module capacity, including 11.4 GW cell and 6 GW wafer capacity. 

When should we expect the Waaree Energies IPO to raise 300 to 350 million dollars?

 After the US government banned Chinese solar modules and Waaree Energies started its first overseas manufacturing plant, its CMD announced coming out with the IPO as soon as possible. They have appointed top bankers for the IPO process and filed the DRHP or draft red herring prospectus with SEBI to get approval for the current year. Also, Waaree Energies is showing spectacular results, with its income rising from 1997 to 6840 crore rupees from 2021 to 2023. The PAT or the profit after tax for the same period rose from 47 to 501 crores, over ten times that. 

 Conclusion

The above facts will convince you that the unprecedented rise of unlisted Waaree Energies shares will double in the last three months and more, so you can buy it from the top broker to make huge profits.Stockify is the premier platform for buying or selling unlisted stocks and pre-IPO shares due to its comprehensive features and unmatched reliability. With its user-friendly interface and robust security measures, Stockify offers seamless transactions and access to diverse investment opportunities. Investors benefit from transparent pricing, expert insights, and personalised support, making Stockify the go-to choice for confidently and easily navigating the dynamic landscape of unlisted stocks and pre-IPO shares.