Waa Solar Limited IPO (Waa Solar IPO) Detail

May 31, 2018 - Jun 4, 2018

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.

Company Promoters:

The promoter of the company is Madhav Power Private Limited. Madhav Power Private Limited ("MPPL") holds 34,19,982 Equity Shares of our Company constituting 70.03% and 51.56 % of pre-issue paid-up capital and post issue paid-up capital respectively.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 20,018.99 19,806.98 21,882.07 18,113.28 15,908.92
Total Revenue 2,607.24 4,689.97 5,426.30 2,900.85 2,773.49
Profit After Tax 427.50 633.98 1,152.70 538.07 828.28

Objects of the Issue:

The present Public Issue of 20,00,000 Equity Shares includes a Fresh Issue of 17,50,000 Equity shares and an offer for sale by the Selling Shareholder of 2,50,000 equity shares at an issue price of ` 161 per Equity Share.
The Offer for Sale: The Company will not receive any proceeds from the Offer for Sale.
Fresh Issue: The objects of the Issue are:
1. Investment in Subsidiary Companies
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.

Waa Solar IPO Details

IPO DateMay 31, 2018 - Jun 4, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,750,000 Eq Shares of ₹10
(aggregating up to ₹28.18 Cr)
Face Value₹10 Per Equity Share
IPO Price₹161 Per Equity Share
Market Lot800 Shares
Min Order Quantity800 Shares
Listing AtBSE SME

Waa Solar IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1800₹128,800
Maximum1800₹128,800

Waa Solar IPO Subscription Status (Bidding Detail)

Waa Solar IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

823,000

823,000

1,646,000

Jun 4, 2018 17:00

0.85x

2.84x

1.85x

Waa Solar IPO Prospectus

Waa Solar IPO Rating

65
4.0
Rating:Rated 4.0 stars

Vote Here ...

Waa Solar IPO Listing Date

Listing DateTuesday, June 12, 2018
BSE Script Code541445
NSE Symbol
Listing InMT
ISININE799N01012
IPO Price₹161 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹161.00
₹158.00
₹152.10
₹158.00
₹153.15
60,000

Waa Solar IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Waa Solar IPO FAQs

  1. 1. What is Waa Solar IPO?

    Waa Solar IPO is a SME IPO of 1,750,000 equity shares of the face value of ₹10 aggregating up to ₹28.18 Crores.

    The issue price of the IPO is ₹161 Per Equity Share. The minimum order quantity is 800 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on May 31, 2018 and closes on Jun 4, 2018.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When Waa Solar IPO will open?

    The Waa Solar IPO opens on May 31, 2018 and closes on Jun 4, 2018.

  3. 3. How to apply for Waa Solar IPO?

    Waa Solar IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Waa Solar IPO allotment?

    The finalization of Basis of Allotment for Waa Solar IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Waa Solar IPO allotment status.

  5. 5. When is Waa Solar IPO listing date?

    The Waa Solar IPO listing date is on Tuesday, June 12, 2018, at BSE SME.
  6. 6. What is the lot size of Waa Solar IPO?

    Waa Solar IPO lot size is 800 Shares and the minimum order quantity is 800 Shares.

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Waa Solar IPO Review / Comments

Abhishek Shahi
49. Abhishek Shahi  Aug 24, 2018 19:43
investor lost they money in this. huge loss
Global Asia
48. Global Asia  Jul 23, 2018 13:47
Dear All Friends,

We All Are In Traped Pramoter And Lead Manager Gamble And Lost Our Seventy Percent Of Amount. I Read Two news Article And It Written that All Fraud make insider And Lost investor Money.
Find Given Below SEBI Complain Link. Do ASAP And Complain Against Pramoter And Lead Manager For Lossing Investor Money.

https://scores.gov.in
black & white hat
48.1. black & white hat  Jul 23, 2018 14:28
Most of SMEs, small cap and mid cap are down ...it's due to government policies and SEBI rules (LTCGT and mutual fund classification)
Global Asia
48.2. Global Asia  Jul 23, 2018 19:37
Dear Friends,
u Are Right For Most Of SME/Small Cap And Mid Caps Down But No One Down Seventy Percent Within Month after Listing. Its All Making Fraud by pramoter And Lead Manager.
VINIT MUNDRA
47. VINIT MUNDRA  Jul 21, 2018 10:40
i hv track all thing of this company its clearly indicates some fraud done my the promoter even actual sales in books are inflated all thing to trap small investor . We should unite and mail regular to bse head hemant.dharap@bseindia.com

for refund our money with intetest
Kirti
47.1. Kirti  Jul 22, 2018 14:53
Pls gide Me To Camplane Again Company i am sending sebi or Register or campani To RTI Pls Gide
IPOANALYSIS
46. IPOANALYSIS  Jul 12, 2018 12:48
MSG from company. Does anyone have more details on this


The Share Purchase Agreements shall be executed by the company when the lenders of M/s.
Madhav Solar (Karnataka) Pvt. Ltd. will accept Vatsala Group as new borrower or Vatsala Group
are able to arrange new lenders. Whenever the agreements are executed, the same will be
informed to the exchange as per the SEBI (LODR) Regulations, 2015 and necessary formalities
will be done by the Company.
On completion of the transaction, the Company will accrue a 1.6 times valuation or a 60 percent
profit on the present value of its shareholding in Madhav Solar (Karnataka) Private Limited thus
improving its cash flow position for it to invest in / acquire future solar assests.
We want to take this opportunity to thank all our shareholders and reassert that WAA Solar
Limited has always focused on maintaining a sustained business growth and to always act in the
best interests of our shareholders.
AmanSingh
46.2. AmanSingh  Jul 14, 2018 00:35
@IPOANALYSIS
Is it a good signal or bad because we both are in loss, we had paid 161 per equity share?
IPOANALYSIS
46.3. IPOANALYSIS  Jul 14, 2018 01:48
if they sell part of subsidiary it is good as it will generate revenue and profits this qtr.
IPOANALYSIS
45. IPOANALYSIS  Jul 3, 2018 11:40
There has been bulk buying and all of them are buyers. almost abount 7 crore amount .
check guiness ,jhaveri trading house bought shares.
this shuld have stabilized but this did not happen
if this holds true than in NII section someone has been alloted shares in huge chunk and maybe paid in cash to sail through the issue.he is selling shares.
it is almost impossible otherwise why would anyone sell shares then at huge loss. there has been nothing wrong in business yet
Small Investor
45.4. Small Investor  Jul 5, 2018 14:43
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
@amansingh ji now you Average this stock at this level
Small Investor
45.5. Small Investor  Jul 6, 2018 10:59
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
sold @ 63.80 one lot buy yes. @ 58
Small Investor
44. Small Investor  Jul 5, 2018 09:23
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
buy @ 58 today
IPOANALYSIS
43. IPOANALYSIS  Jul 2, 2018 15:46
make compolaint with SEBI. they must have internally sold shares whoserver made fake subscription in HNI and causing loss to retailers

it is not possible normally other individual selling at huge loss
they collected 32 crore and now total market cap of coompany is 40 crore which is impssoble in 2 weeks of listing

defintely mark to SEBI and ask for refund of money if there is illegal trading happening which company has defintely made in pre ipo by placing shares to individual and like pledged shares who are selling now
IPOANALYSIS
43.14. IPOANALYSIS  Aug 20, 2018 22:38
Leave it with sebi. They can't close the ticket without checks. Company should allow 20 pc circuit now. When it was falling it did allow 20 pc and now when going up it's not changing back to 20. Strange. This is seen in many companies
Small Investor
43.15. Small Investor  Aug 22, 2018 15:20
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
this stock 20% circut m kb aayega
IPOANALYSIS
42. IPOANALYSIS  Jun 28, 2018 11:01
Shame on guiness as well .they too now are on league of same bad lead manager. Looks like only panthomath is true winner. Have not seen a sme getting halved so quickly. What a shame guineas. Now they will have same fate like others where there new subscription would not go through
Something sebi should make check against these lead manager
IPOANALYSIS
42.4. IPOANALYSIS  Jun 29, 2018 19:27
No just wait and watch. Why this stock has been hammered would need to be checked. This stock need to be stable first .
ramesh patel
42.5. ramesh patel  Jun 30, 2018 03:01
Don't buy this stock . Everybody cheated with every investor . Grey market operator makes fools n run away. Jignesh thobhani is name n number nine eight nine eight four nine four eight five seven .
IPOANALYSIS
41. IPOANALYSIS  Jun 13, 2018 14:40
though Guiness has failed again on listing so no use to apply in the primary market when can easily get at discount

i would say company is doing good.
those whi have patience for 3-6 months can get good return . its for long term investors
IPOANALYSIS
40. IPOANALYSIS  Jun 13, 2018 12:39
Offcourse a big shame for guiness

despite good cpmany no buyers.

shame of Guiness as most pf its issues have failed to retain issue price now

hope it does not come up with new issues now but as people have short term memory.
i can bet they will come up with many issues during next month to loot public again,

looters lead manager
VINIT MUNDRA
39. VINIT MUNDRA  Jun 13, 2018 02:21
guinesss......very bad
.....kal ek aur disaster.....awaiting......
spars
38. spars  Jun 12, 2018 09:41
Disastrous listing man
IPOANALYSIS
38.2. IPOANALYSIS  Jun 12, 2018 09:54
What recovery. It is still at discount and available so why people applied in primary market. The subject 2 premium was shown as 12000 which clearly shows how the lead manager make foolish of people. I am requesting everyone stop applying new sme .check the record of recent primary market .if u stop apply u will be doing good for SME as not many new issues will come up by LM and they will know how to price IPO correctly. Moreover the secondary market should give return.when ethey are available at discount why greedy retailer are apply new IPO.how many of u have actually made money in last 40 sme or past 2 months.if not then stay away
spars
38.3. spars  Jun 12, 2018 17:17
Sir u made a right point, but me too not wrong...
Indicative price wen I saw was hanging around ₹135 settled at ₹158,
from 135 to 158 I mean a good recovery .

Just imagine!
if listed @ 135 would have join UHZ.

BTW didn't applied since mid April, because of lack of heavy subscriptions and many other factors.
Sinewave
37. Sinewave  Jun 12, 2018 10:46
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Recovery only possible if LM comes to support. Otherwise no rescue possible. OMG all retailer want to sell at any cost.
Umang and his ultrasonic uproar
37.2. Umang and his ultrasonic uproar  Jun 12, 2018 13:53
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Solar companies has never given any positive returns to investors in past 1 year. There were 4 SME issues (of solar companies) all are trading in discount. 👎👎👎👎👎👎👎
IPOANALYSIS
37.3. IPOANALYSIS  Jun 12, 2018 15:41
i have bought at 153 today.
lets see

i want to hold for few months . from all the prvious listed sme in solar this one is different

remember NAV is 223 rs and cost to promoters is also 157.
they are earning monthly rental income also and have 90 acres of land alloted.
any news in solar business expansion will spurt the price.
IPOANALYSIS
36. IPOANALYSIS  Jun 12, 2018 10:23
For long term this company is good for investment. However my point is why retailer are apply in primary market.let issue remain undersubscribed in retail.teach lead manager a lesson.one can easily get stocks at discount rates on listing or post listing then why apply new issues.let 50 pc issue get cancelled as happened with Soris foil. Now see u can buy as much as u can at 5 pc discount.so why apply ipo
VIE
35. VIE  Jun 12, 2018 10:20
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
DEFINETELY LC LAGAGA.RETAIL KI WATT LAGA DI.
Sinewave
34. Sinewave  Jun 12, 2018 09:34
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Poor listing expected.

Onwards lower circuit also expected.

Sell in preopen and be safe.
IPOANALYSIS
33. IPOANALYSIS  Jun 12, 2018 09:33
Gujarat based company. Hahahaha
Sinewave
32. Sinewave  Jun 12, 2018 09:31
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Listing today.


Company name: *Waa Solar LTE*
Platform: *BSE SME*
Scrip Code : *541445*
Symbol: *WAA*
Lot size : 800
Group: MT (for 10 days including listing day)
IPOANALYSIS
31. IPOANALYSIS  Jun 12, 2018 09:21
Hahah all those subject 2 are fake. Even the 3 panthomath issues opened will meet same fate
IPOANALYSIS
30. IPOANALYSIS  Jun 12, 2018 09:13

If this fails Guiness would not be able to come with new sme anytime soon. Hope guiness does not follow navigant or first overseas






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