Business Standard

Waaree Renewables Technologies Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

5.07 cr

Price Range (₹)

22

Lot Size

6000

Min Investment (₹)

1,32,000.00

Listing Exchange

BSE - SME

Open Date

24-Jul-2012

Close Date

26-Jul-2012

Listing Date

09-Aug-2012

Waaree Renewables Technologies Ltd News

    The Shares of Waaree Renewables Technologies Ltd have now been listed.

    Waaree Renewables Technologies Ltd IPO Details

    Public issue of 23,04,000 equity shares of Rs. 10/- each (Equity Shares) of Sangam Advisors Limited (SAL or The Company or The Issuer) for cash at price of Rs. 22/- per share (The Issue Price), aggregating to Rs. 5.07 crores (The Issue), of which, 3,42,000 equity shares of Rs. 10/- each will be reserved for subscription by Market Makers to the issue (The Market Makers Reservation Portion). The issue less the market maker reservation portion i.e. issue of 19,62,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 37.75% and 32.15%, respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Rs. 10. The issue price is Rs. 22.The issue price is 2.20 times of the face value.

    Objective of issue

    Investments in listed / unlisted securities. General Corporate Purposes.

    Waaree Renewables Technologies Ltd Contact Details

    Waaree Renewables Technologies Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

    Phone - 91-22-23010771/23018261

    Fax - 91-22-23012517

    Email - info@waareertl.com

    Website - www.waareertl.com