iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Waaree Energies to Sell 1.15% Indosolar Stake via OFS on June 5–6

4 Jun 2025 , 08:00 PM

Waaree Energies Ltd, a leading clean energy company and promoter of Indosolar Ltd, plans to offload up to 4,76,495 equity shares, which represents 1.15% of Indosolar’s total paid-up equity capital.

The share sale will take place through an Offer for Sale (OFS) route on June 5 and 6, 2025, aimed at helping the company comply with minimum public shareholding regulations.

The OFS will be conducted on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) under the stock exchange mechanism, with BSE designated as the lead exchange for the transaction. The floor price for the offer has been fixed at ₹10 per share, and the company has clarified that no discount will be offered to retail investors.

On June 5 (T day), the offer will be open exclusively for non-retail investors, who can also carry forward unallotted bids to the next trading day. On June 6 (T+1 day), the OFS will be accessible to retail investors and eligible non-retail investors with carry-forward bids, allowing them to place or revise bids.

Allocation of shares will be carried out using the proportionate method based on a single clearing price for all investors. The structure of the offer ensures that 10% of the total offer is reserved for retail investors, while 25% is earmarked for mutual funds and insurance companies.

Antique Stock Broking Ltd. has been appointed as the broker for the seller, overseeing the OFS transaction on the exchanges.

In a separate update from last month, Waaree Energies’ US-based subsidiary, Waaree Solar Americas, secured a $176-million order to supply 586 MW of solar modules. The customer, described as a reputed developer and operator of utility-scale solar and energy storage projects in the US, has scheduled the supply to begin from FY27 (financial year 2027).

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Indosolar Ltd
  • stake sale
  • Stock Market today
  • Top News
  • Waaree Energies
  • Waaree Energies Ltd
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.