Issue Price
₹61
Per Share
GMP
NIL
Grey Market
Est. Listing
₹61
Expected Price
Min. Application
₹97,600
2 lots × 800 shares
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.
Waa Solar Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 104,000 | — | ₹0.63 Cr | — |
| TOTAL | 2,000,000 | 100.00% | ₹12.20 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹48,800 |
| Retail (Max) | 13 | 10,400 | ₹634,400 |
| sNII (Min) | 14 | 11,200 | ₹683,200 |
| bNII (Min) | 68 | 54,400 | ₹3,318,400 |
| 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 |
| Total Borrowings | N/A | N/A | N/A |