Waaree Energies Limited IPO

Initial public offering of up to [] equity shares of face value of Rs. 10 each of the company (Equity Shares) for cash at a price of Rs. [] per equity share (including a share premium of Rs. [] per equity share) (Offer Price) aggregating up to Rs. [] crores (the Offer) comprises a fresh issue of up to [] equity shares aggregating up to Rs.3000.00 crores (Fresh Issue) and an offer for sale of up to 3,200,000 equity shares (Offered Shares) aggregating up to Rs. [] crores comprising up to 2,700,000 equity shares by Waaree Sustainable Finance Private Limited (formerly known as mahavir thermoequip private limited) aggregating up to Rs. [] crores (Promoter Selling Shareholder), up to 450,000 equity shares by Chandurkar Investments Private Limited aggregating up to Rs. [] crores and up to 50,000 equity shares by Samir Surendra Shah aggregating up to Rs. [] crores (collectively, the Other Selling Shareholders and together with the promoter selling shareholder, the Selling Shareholders, and such offer for sale of equity shares by the selling shareholders, the Offer for Sale). The offer includes a reservation of up to [] equity shares aggregating up to Rs. [] crores, for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer will constitute []% and []% of the post-offer paid up equity share capital of the company, respectively. The face value of the equity share is Rs. 10 each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.