Waaree Energies files DRHP for Rs 3000 crore IPO
Waaree Energies, a solar module manufacturer, has filed a draft red herring prospectus (DRHP) with capital market regulator Sebi. The company plans to raise Rs 3000 crore through fresh issue of shares in the IPO.
The company plans to use the IPO proceeds towards part financing the cost of establishing the 6GW of ingot wafer, solar Cell and solar PV module manufacturing facility in Odisha as well as for general corporate purposes.
The company had an aggregate installed capacity of 12 GW, as of June 30, 2023.
