Waaree Energies Share Price: Waaree Energies Limited, a leading player in the renewable energy sector, specializes in solar panel manufacturing. Established in 1990 and based in Mumbai, the company is committed to promoting clean energy solutions in India. With strong government backing for renewable energy, Waaree Energies is set for substantial growth in the coming decades.
Waaree Energies IPO Overview
The Initial Public Offering (IPO) is scheduled from October 21 to October 23, 2024, with a price range of ₹1,427 to ₹1,503. This IPO aims to raise approximately ₹4,321.44 crore, which includes a fresh issue of ₹3,600 crore and an Offer for Sale (OFS) of ₹721.44 crore from existing shareholders.
Waaree Energies Share Price IPO Metrics
| Metric | Details |
|---|---|
| Price Band | ₹1,427 – ₹1,503 |
| Lot Size | 9 shares |
| Total Issue Size | ₹4,321.44 crore |
| Expected Listing Date | October 28, 2024 |
| Grey Market Premium | ₹1,470 |
Waaree Energies Share Price Targets
Waaree Energies Share Price Target for 2024
Given the positive outlook for renewable energy and the company’s solid financial performance, analysts predict that Waaree Energies’ share price could reach between ₹2,400 and ₹3,921 by the end of 2024. This is supported by their expansion plans and strong demand for solar products.
| Target Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2024 | 2,400 | 3,921 |
Waaree Energies Share Price Target for 2025
As the company continues to establish its market presence, particularly through collaborations with major projects like those with NTPC, the expected share price target for 2025 ranges from ₹2,900 to ₹4,311. This growth reflects increasing revenues and potential new projects that will enhance their operational capacity.
| Target Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2025 | 2,900 | 4,311 |
Waaree Energies Share Price Target for 2030
By 2030, with an anticipated installed capacity increase and successful project completions, the share price could rise significantly, projected to be between ₹6,228 and ₹8,700. Waaree Energies is focusing on large-scale solar projects, which will likely contribute to this upward trajectory.
| Target Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2030 | 6,228 | 8,700 |
Waaree Energies Share Price Target for 2040
Long-term projections indicate that by 2040, Waaree Energies could achieve a share price in the range of ₹15,425 to ₹18,210. The government’s emphasis on reducing carbon emissions and increasing renewable energy utilization will play a crucial role in the company’s growth.
| Target Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2040 | 15,425 | 18,210 |
Waaree Energies Share Price Target for 2050
Looking even further ahead, the share price for 2050 is forecasted to be between ₹26,056 and ₹28,047. As the demand for clean energy rises globally, and if Waaree continues to innovate and expand its product offerings, it stands to benefit immensely from these trends.
| Target Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2050 | 26,056 | 28,047 |
Conclusion
Waaree Energies Limited offers a compelling investment opportunity, particularly as the renewable energy sector continues to expand. With solid financials and a clear growth strategy, the company is well-positioned for substantial appreciation in share prices over the next few decades. Investors should conduct thorough research and consider market conditions when making investment decisions.