Waa Solar IPO is set to make its debut on 1st June 18 with 10.11 Cr is a company engaged in solar power generation by setting up Solar Power Project
Waa Solar IPO – overview
| IPO Dates | 31 March – 4 June 18 |
| IPO Price | INR 161 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,750,000 shares (INR 28.18 crore) |
| Minimum bid (lot size) | 800 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
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 a Power Purchase Agreement (“PPA”) and agreed to purchase such power through distribution companies (“Discom”).
In 2013, Airport Authority of India, has entered 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 year
Objects of the Issue
1 Investment in Subsidiary Companies
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 20,018.99 | 19,806.98 | 21,882.07 |
| Total Revenue | 2,607.24 | 4,689.97 | 5,426.30 |
| Profit After Tax | 427.50 | 633.98 | 1,152.70 |
Company Contact Information
Waa Solar Limited
Madhav House,
Nr. Panchratna Building,
Subhanpura, Vadodara, Gujarat -390023
Phone: 0265 -2290722
Email: info@waasolar.org
Website: http://www.waasolar.org/
Waa Solar IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Waa Solar IPO Lead Manager(s)
- Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
