Waaree Energies Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 10,00,000 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: July 10, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: July 10, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: July 11, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: July 11, 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 265/- (Rupees Two Hundred and Sixty-Five only).
WAAREEINDO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Waaree Energies Limited, the promoter of Indosolar Limited, is selling up to 10 lakh equity shares (2.40% of paid-up capital) through an Offer for Sale on the stock exchanges. The floor price has been set at INR 265 per share, with no retail discount offered. Non-retail investors can bid on July 10, 2025 (9:15 AM to 3:30 PM), and retail investors on July 11, 2025 (9:15 AM to 3:30 PM). Antique Stock Broking is acting as the seller's broker. The OFS is being carried out to help Indosolar meet the minimum public shareholding requirements under SEBI regulations.
This is a promoter share sale to comply with minimum public shareholding norms, which adds supply of shares to the market. The stock may see short-term price pressure around the OFS window, though the floor price of INR 265 provides a reference level for the stock during this period.