Solar Stocks in the Spotlight: Waaree’s OFS Heats Up Indosolar’s Market Game

Image Source: Equipment India

Waaree Energies Ltd, India's largest solar module manufacturer, will be offering 2.4% stake in Indosolar in an Offer for Sale (OFS) on July 10–11, 2025. This is a strategic move to meet SEBI's minimum public shareholding requirement as well as pump in liquidity into the solar manufacturing industry.

The OFS will be conducted on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) at a floor price of ₹265 a share. Non-retail investors bid on July 10, while retail investors bid on July 11. The sale will be conducted on a proportionate basis at a single clearing price to distribute fairly among participants.

Key Points:

Size of Stake Sale: Up to 10 lakh shares, or 2.4% of the paid-up share capital of Indosolar.
OFS Dates: July 10 for non-retail, July 11 for retail investors.
Floor Price: ₹265 per share.
Objective: To achieve SEBI's minimum public shareholding and improve public holding.
Distribution: Pro-rata basis at a common clearing price; 25% to insurance companies and mutual funds.
Market Impact: The move will be seen to increase liquidity, improve compliance, and potentially attract new investors into Indosolar.

Waaree Energies' recent OFS reaffirms its commitment to regulatory compliance and market transparency, as well as strengthening its position of leadership in India's renewable energy market.

Source: CNBC TV18, Business Upturn, MarketScreener