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Waa Solar IPO is a fixed price issue of ₹32.20 crores. The issue is a combination of fresh issue of 0.18 crore shares aggregating to ₹28.18 crores and offer for sale of 0.03 crore shares aggregating to ₹4.03 crores.
Waa Solar IPO bidding started from May 31, 2018 and ended on Jun 4, 2018. The shares got listed on BSE SME on Jun 12, 2018.
Waa Solar IPO price is ₹161.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,28,800 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,57,600.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Waa Solar IPO RHP for detailed Information.
| IPO Date | May 31, 2018 to June 4, 2018 |
| Listing Date | June 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹161 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 20,00,000 shares (aggregating up to ₹32.20 Cr) |
| Reserved for Market Maker | 1,04,000 shares Guiness Securities Ltd. (aggregating up to ₹1.67 Cr) |
| Fresh Issue (Ex Market Maker) | 16,46,000 shares (aggregating up to ₹26.50 Cr) |
| Offer for Sale | 2,50,000 shares of ₹10 (aggregating up to ₹4.03 Cr) |
| Net Offered to Public | 18,96,000 shares (aggregating up to ₹30.53 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 48,83,382 shares |
| Share Holding Post Issue | 66,33,382 shares |
Waa Solar IPO offers total 20,00,000 shares. Out of which 9,48,000 (47.40%) allocated to NII, 9,48,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,04,000 (5.20%) |
| NII (HNI) Shares Offered | 9,48,000 (47.40%) |
| Retail Shares Offered | 9,48,000 (47.40%) |
| Total Shares Offered | 20,00,000 (100.00%) |
Waa Solar IPO opens on May 31, 2018, and closes on June 4, 2018.
| IPO Open Date | Thu, May 31, 2018 |
| IPO Close Date | Mon, Jun 4, 2018 |
| Tentative Listing Date | Tue, Jun 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 4, 2018 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,28,800 |
| Retail (Max) | 1 | 800 | ₹1,28,800 |
| HNI (Min) | 2 | 1,600 | ₹2,57,600 |
Incorporated in 2009, Gujarat based Waa Solar Limited is a company engaged in solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle ("SPV") associate and subsidiaries companies which are engaged in solar power generation activities.
In 2010, Gujarat Urja Vikas Nigam Limited ("GUVNL") has awarded the company the work of setting up of Solar Photovoltaic Grid Interactive Power Plant of 10MW capacity at village Nayka, Taluka-Sami, District Patan, to produce the Electric Energy and for sale of entire electrical energy, so produced, for commercial purpose from such project to GUVNL for a tenure of 25 years. GUVNL has entered into Power Purchase Agreement ("PPA") and agreed to purchase such power through distribution companies ("Discom").
In 2013, Airport Authority of India, has entered into PPA with the company for setting up a solar power plant of 100 KWP at Raja Bhoj Airport, Bhopal on Built, Own and Operate ("BOO") basis for a tenure of 25 years.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 20,018.99 | 19,806.98 | 21,882.07 | 18,113.28 | 15,908.92 | |
| Total Revenue | 2,607.24 | 4,689.97 | 5,426.30 | 2,900.85 | 2,773.49 | |
| Profit After Tax | 427.50 | 633.98 | 1,152.70 | 538.07 | 828.28 | |
The Company Waa Solar IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Investment in Subsidiary Companies | 21.00 |
| 2 | General Corporate Purpose | 6.70 |
[Dilip Davda] Although on prima facie issue appears aggressively priced, considering market value terms, investors may consider investment for long term. Read detail review...
| Listing Date | June 12, 2018 |
| BSE Script Code | 541445 |
| NSE Symbol | |
| ISIN | INE799N01012 |
| Final Issue Price | ₹161 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹161.00 |
| Open | ₹158.00 |
| Low | ₹152.10 |
| High | ₹158.00 |
| Last Trade | ₹153.15 |
Waa Solar Ltd.
Madhav House,
Nr. Panchratna Building,
Subhanpura, Vadodara
Vadodara, Gujarat, 390023
Phone: 0265 -2290722
Email: info@waasolar.org
Website: http://www.waasolar.org/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Waa Solar IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹32.20 Crores. The issue is priced at ₹161 per share. The minimum order quantity is 800.
The IPO opens on May 31, 2018, and closes on June 4, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Waa Solar IPO using UPI as a payment gateway. Zerodha customers can apply in Waa Solar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Waa Solar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Waa Solar IPO opens on May 31, 2018 and closes on June 4, 2018.
Waa Solar IPO lot size is 800, and the minimum amount required for application is ₹1,28,800.
You can apply in Waa Solar IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Waa Solar IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Waa Solar IPO allotment status.
The Waa Solar IPO listing date is on Tuesday, June 12, 2018.
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