Renewable energy giant Waaree Energies Ltd, the promoter of Indosolar Ltd, is set to offload 4,76,495 equity shares through an Offer for Sale (OFS) on June 5 and 6, 2025. The move aims to meet SEBI’s minimum public shareholding norms and enhance investor participation.
🔴 Key Details:
- Floor price set at ₹10 per share, with no discount for retail investors.
- Non-retail investors can bid on June 5, while retail investors and carry-forward bidders can place or revise bids on June 6.
- Allocation will follow a proportionate method at a single clearing price.
- 10% of the offer is reserved for retail investors, while 25% is earmarked for mutual funds and insurance companies.
📢 Strategic Impact:
- The OFS aligns with SEBI’s mandate for a minimum 25% public shareholding in listed companies.
- Waaree Energies recently secured a $176 million order for 586 MW solar modules, strengthening its global clean energy footprint.
⚠️ Market Outlook:
- Investors will closely track subscription data, pricing trends, and institutional participation.
- The OFS could serve as a litmus test for investor sentiment in mid-cap renewable energy stocks.
👉 Will this OFS boost Indosolar’s market position? Let us know in the comments!
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