Image Source: Balaji Arcade
Waaree Energies Ltd, promoter of Indosolar Ltd, has initiated an Offer for Sale (OFS) to divest up to 1 million equity shares, aiming to meet SEBI’s minimum public shareholding norms.
Key Highlights:
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The OFS will be conducted via stock exchange mechanism on July 10–11, 2025.
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Floor price is set at Rs 265 per share, significantly above the earlier OFS floor price of Rs 10 in June.
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The offer represents approximately 2.42% of Indosolar’s paidup equity capital.
Strategic Context:
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This marks Waaree’s second stake dilution in Indosolar within two months, reflecting its commitment to regulatory compliance.
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Indosolar, a leading solar PV cell and module manufacturer, has seen a sharp turnaround in financials, posting Rs 54.78 crore PAT in FY25.
Market Outlook:
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The premium pricing signals strong investor confidence and improved fundamentals.
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Retail and institutional investors are expected to participate actively given the company’s growth trajectory.
Sources: Economic Times, Chittorgarh, Moneycontrol.
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