Waaree Energies Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 12,50,000 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: August 07, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: August 07, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: August 08, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: August 08, 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 500/- (Rupees Five Hundred only)
WAAREEINDO · price
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Waaree Energies Limited, the promoter of Indosolar Limited, is selling up to 12,50,000 equity shares (3% of total paid-up capital) through an Offer for Sale (OFS) on the stock exchanges. The floor price is set at ₹500 per share, with no retail discount. Non-retail investors can bid on August 7, 2025 (9:15 a.m. to 3:30 p.m.), and retail investors on August 8, 2025 (9:15 a.m. to 3:30 p.m.). The sale is being done to comply with the minimum public shareholding requirement under SEBI's LODR regulations and SCRR rules. Antique Stock Broking Limited is the seller's broker. Retail investors are capped at ₹2,00,000 in cumulative bid value, and 10% of the offer shares are reserved for the retail category.
This OFS increases the public float in Indosolar by 3%, which may create short-term selling pressure around the floor price of ₹500. For existing shareholders, the promoter is reducing its stake to meet regulatory compliance, not exiting entirely. Investors can participate at or above the floor price of ₹500.