Waaree Energies Files for ₹3,000 Crore IPO, Aims to Expand Solar Manufacturing Capacity

Waaree Energies, India's top solar PV module maker, files ₹3,000 crore IPO to fund 6GW integrated facility in Odisha. The IPO includes ₹3,000 crore fresh issue and OFS of 32 lakh shares. Waaree aims to expand capacity from 12GW to 18GW by FY2027. The company has a strong 20.16GW order book and impressive financials, with 86% 3-year revenue CAGR. The Waaree Energies IPO is expected to disrupt India's listed solar module industry.

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