Indian solar module maker Waaree Energies launches IPO Oct 21-23, aiming to raise ₹3,600 crore for a 6GW Odisha plant and general needs.

Waaree Energies, a leading Indian solar PV module manufacturer, will launch its Initial Public Offering (IPO) from October 21 to 23, aiming to raise ₹3,600 crore through a fresh equity issue and an offer for sale of 4.8 million shares. Proceeds will fund a 6GW manufacturing facility in Odisha and general corporate needs. The company reported significant revenue growth, reaching ₹11,398 crore in FY24 from ₹6,751 crore in FY23.

October 15, 2024
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