{"id":157891,"date":"2024-10-21T05:12:20","date_gmt":"2024-10-21T05:12:20","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/21\/waaree-energies-ipo-taps-into-a-357-rally-in-renewable-stocks-in-india-times-of-india\/"},"modified":"2024-10-21T05:12:20","modified_gmt":"2024-10-21T05:12:20","slug":"waaree-energies-ipo-taps-into-a-357-rally-in-renewable-stocks-in-india-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/21\/waaree-energies-ipo-taps-into-a-357-rally-in-renewable-stocks-in-india-times-of-india\/","title":{"rendered":"Waaree Energies\u2019 IPO taps into a 357% rally in renewable stocks in India &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/thumb\/msid-114413065,imgsize-46774,width-400,resizemode-4\/114413065.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Waaree Energies\u2019 IPO taps into a 357% rally in renewable stocks in India &#8211; Times of India\" title=\"Waaree Energies\u2019 IPO taps into a 357% rally in renewable stocks in India &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<div class=\"cj2hz img_cptn\"><span title=\"Waaree Energies Ltd is valued at $5 billion at the upper end of its price range of 1,427 rupees to 1,503 rupees.\">Waaree Energies Ltd is valued at $5 billion at the upper end of its price range of 1,427 rupees to 1,503 rupees.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<p>India\u2019s largest <!-- -->solar-panel producer<!-- --> will open its $514 million initial public offering for orders on Monday, looking to capitalize on the world-beating rally in the nation\u2019s <!-- -->renewable energy<!-- --> stocks this year.<br \/>Waaree Energies<!-- --> Ltd is valued at $5 billion at the upper end of its price range of 1,427 rupees to 1,503 rupees. Its shares, which have attracted investments from Goldman Sachs Group Inc, <!-- -->BlackRock<!-- --> Inc, and Morgan Stanley, will start trading next week. <br \/>The backing by these prominent Wall Street names underscores the appeal of India\u2019s renewable sector, where stocks have rallied as much as 357% this year. Six of the top 10 best performers on Bloomberg\u2019s World Energy index are Indian firms, including the gauge\u2019s top performer. <br \/>\u201cRenewables is a large opportunity in India for the next three years,\u201d said Ramesh Mantri, chief investment officer for equities at WhiteOak Capital Asset Management Ltd. <br \/>The public offering aligns with Prime Minister Narendra Modi\u2019s goal to boost renewable energy production to 500 gigawatts by the end of the decade \u2014 a more than two-fold increase from now. The sector may need investments of $2.2 trillion by 2050, according to Bloomberg Intelligence estimates.<br \/>Still, there are challenges. This space has been struggling with high leverage due to its rapid growth rate and weak cash flows, accoring to a Bloomberg Intelligence report. Meanwhile, the country is still boosting investments in thermal power projects to meet its booming energy demands.<br \/>\u201cWith solar energy emerging as a key global theme in the transition to renewable energy, Waaree Energy is best placed to capitalize on the growing opportunity,\u201d Shiwani Kumari, an analyst at Monarch Networth Capital, said in a recent note. <\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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India\u2019s largest solar-panel producer will open its $514 million initial public offering for orders on Monday, looking to capitalize on the world-beating rally in the nation\u2019s renewable energy stocks this year.Waaree Energies Ltd [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":157892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-114413065,imgsize-46774,width-400,resizemode-4\/114413065.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[10074,289,26792,273,2799,2945,22566,3742,123580,6789,7749,272,123581,123579,123578],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/157891"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=157891"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/157891\/revisions"}],"predecessor-version":[{"id":157893,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/157891\/revisions\/157893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/157892"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=157891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=157891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=157891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}