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IPO Synopsis
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Waa Solar Ltd
Registered Office:
Madhav House Subhanpura,Nr Panchratna Building,
Vadodara - 390023,
Gujarat, India.
Website :  www.waasolar.org
Initial public offer of 20,00,000 equity shares of face value of (Rs)10 each ("equity shares") of Waa Solar Limited ("company" or "issuer") for cash at a price of (Rs) 161 per equity share (including a share premium of (Rs) 151 per equity share) ("issue price") aggregating to (Rs) 32.20 Crores ("issue" ) consisting of a fresh issue of 17,50,000 equity shares of face value of (Rs)10 each ("equity shares") for cash at a price of (Rs) 161 per equity share aggregating to (Rs) 28.17 Crores ("issue") and 2,50,000 equity shares of face value of (Rs)10 each ("equity shares") for cash at a price of (Rs) 161 per equity share aggregating to (Rs) 4.03 Crores through an offer for sale by Mr. Ashok Khurana and Mrs. Manju Khurana (referred as selling shareholders forming part of promoter group) of which 1,04,000 equity shares of face value of (Rs)10.00 each for a cash price of (Rs) 161 per equity share, aggregating to (Rs) 1.67 Crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 18,96,000 equity shares of face value of (Rs) 10.00 each at an issue price of (Rs) 161 per equity share aggregating to (Rs) 30.53 Crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 30.15% and 28.58%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs) 10 each and the issue price is (Rs)161 each. The issue price is 16.1 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
31-May-18
04-Jun-18
161.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 800   Further Multiples of : 800
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
28.18
Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer
32.20
 
Post Issue Equity Share Capital
6.63
 
Issue Price
161.00
 
Projects
Investment in Subsudiary Companies
General Corporate Purpose
Promoted By
Madhav Power Pvt Ltd
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd
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