Waa Solar Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

31 May 2018

Close Date

04 Jun 2018

Allotment

10 Jun 2018

Listing Date

12 Jun 2018

Exchange

BSE SME

Price Band

₹61

Listing Price

See chart

Allotment Status

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Price Band

₹61

Per share

Face Value

₹10 per share

Lot Size

800 Shares

per lot

Issue Size

20,00,000 shares (aggregating up to ₹32.20 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹48,800

1 lot

Pre-IPO Holding

48,83,382 shares

Promoters

Post-IPO Holding

66,33,382 shares

Promoters

UPI Deadline

2018-06-04

Mandate

Anchor AllotmentWed, 30 May 2018

Basis of AllotmentSun, 10 Jun 2018

Refund InitiationMon, 11 Jun 2018

Demat CreditMon, 11 Jun 2018

Listing DayTue, 12 Jun 2018

UPI Mandate Deadline2018-06-04

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public18,96,000 shares (aggregating up to ₹30.53 Cr)

Market Maker Quota1,04,000 shares (aggregating up to ₹1.67 Cr)

Fresh Issue Shares16,46,000 shares (aggregating up to ₹26.50 Cr)

Offer for Sale2,50,000 shares of ₹10 (aggregating up to ₹4.03 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Waa Solar Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 04 Jun 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	104,000	—	₹0.63
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,000,000	100%	₹12.20

IPO Shares Offered

Waa Solar Ltd. IPO total issue size: ₹12.20 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	104,000	₹0.63	5.20%
Total	2,000,000	₹12.20	100.00%

* Based on upper price band ₹61 per share

Lot Size & Investment

Lot Size

800

Shares per Lot

Issue Price

₹61.00

Upper Band

Min Investment

₹48,800

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,600	₹97,600
Retail (Max — 4 Lots)	4	3,200	₹195,200
S-HNI (Min — 14 Lots)	14	11,200	₹683,200
B-HNI (Min — 68 Lots)	68	54,400	₹3,318,400

* Issue Price ₹61 × Lot Size 800 shares

IPO Schedule

Anchor

30 May 2018

✓ Done

IPO Open

31 May 2018

✓ Done

IPO Close

04 Jun 2018

✓ Done

Allotment

10 Jun 2018

✓ Done

Refunds

11 Jun 2018

✓ Done

Demat Credit

11 Jun 2018

✓ Done

Listing Day

12 Jun 2018

✓ Done

₹61.00

INR · BSE

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Issue ₹61.00 Live Price

About Waa Solar Ltd.

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 Power Purchase Agreement ("PPA") and agreed to purchase such power through distribution companies ("Discom").In 2013, Airport Authority of India, has entered into 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 years.

Objects of the Issue

1 Investment in Subsidiary Companies

2 General Corporate Purpose

Waa Solar Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹5,426.3

31-Mar-15

₹4,690.0

31-Mar-16

₹2,607.2

31-Mar-17

Profit After Tax (PAT)

₹1,152.7

31-Mar-15

₹634.0

31-Mar-16

₹427.5

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	2607.24	4689.97	5426.30
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	427.50	633.98	1152.70
Net Worth	N/A	N/A	N/A
Total Assets	20018.99	19806.98	21882.07
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered20,00,000 (100.00%)

Net Offer to Public18,96,000 shares (aggregating up to ₹30.53 Cr)

Reserved for Market Maker1,04,000 shares (aggregating up to ₹1.67 Cr)

Pre-Issue Promoter Holding48,83,382 shares

Post-Issue Promoter Holding66,33,382 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Oneview Corporate Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Waa Solar Ltd. IPO subscribed? ▲

Waa Solar Ltd. IPO is subscribed 1.00 times by Jun 04, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Waa Solar Ltd. IPO retail subscription status? ▼

The Waa Solar Ltd. IPO retail category is subscribed 1.00 times as of 04 Jun 2018. The retail portion is oversubscribed.

How to subscribe Waa Solar Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 31 May 2018 and closes 04 Jun 2018. Min investment: ₹48,800 (1 lot = 800 shares). UPI mandate: 2018-06-04.

How many times Waa Solar Ltd. IPO subscribed? ▼

The Waa Solar Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Waa Solar Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Jun 2018. Refunds: on 11 Jun 2018.

When Waa Solar Ltd. IPO will be listed? ▼

The Waa Solar Ltd. IPO listing date is 12 Jun 2018, Tuesday. Listed on: BSE SME. Issue price: ₹61. Estimated listing: ₹61. GMP: NIL.

When Waa Solar Ltd. IPO close? ▼

The Waa Solar Ltd. IPO closes on 04 Jun 2018, Monday. UPI mandate: 2018-06-04. Allotment: 10 Jun 2018. Listing: 12 Jun 2018.

Quick Actions

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Live Price LIVE

Last Price₹61.00

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Issue Price₹61.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹61

Face Value₹10

Lot Size800 Sh

Min. Amount₹48,800

GMPNIL

Est. Listing₹61

Subscribed1.00x

Open Date31 May 2018

Close Date04 Jun 2018

Allotment10 Jun 2018

Listing Date12 Jun 2018

ExchangeBSE SME

UPI Deadline2018-06-04