Waaree Energies Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 4,76,495 Equity shares of face value of INR 10/- each of Indosolar Limited. Date and time of the opening of the offer for Non-Retail Investors: June 05, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: June 05, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: June 06, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: June 06, 2025 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 10/- (Rupees Ten only)
WAAREEINDO · price
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Waaree Energies Limited, the promoter of Indosolar Limited, is selling up to 4,76,495 equity shares (1.15% of paid-up capital) through the stock exchange OFS mechanism to meet the minimum public shareholding requirement under SEBI rules. The OFS is open to non-retail investors on June 5, 2025 (9:15 AM to 3:30 PM) and to retail investors on June 6, 2025 (9:15 AM to 3:30 PM). The floor price has been set at ₹10 per share, which is also the face value, and the offer is at a single clearing price of ₹10. Antique Stock Broking Limited is acting as the seller's broker, with BSE and NSE as the trading platforms and BSE as the designated stock exchange.
Existing shareholders should expect some short-term supply pressure on the stock around the OFS dates, though the offer size is relatively small at just 1.15% of total equity. The floor price being set at face value (₹10) is notable and may reflect a deep discount to current market price, making it potentially attractive to retail and institutional bidders.