Waaree Energies Limited has informed the Exchange about the revised OFS notice.
WAAREEINDO · price
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Awaiting price reaction for this filing.
Waaree Energies Limited, the promoter of Indosolar Limited, plans to sell up to 4,76,495 equity shares (about 1.15% of the company's paid-up capital) through an Offer for Sale on the stock exchanges. The sale will take place on June 5, 2025 for non-retail investors and June 6, 2025 for retail investors, with a floor price of ₹10 per share and no retail discount. The OFS is being conducted to meet the minimum public shareholding requirement under SEBI rules, with Antique Stock Broking acting as the seller's broker. At least 10% of the shares are reserved for retail investors and 25% for mutual funds and insurance companies.
This is a small, compliance-driven promoter sell-down to meet SEBI's minimum public shareholding norm rather than a strategic exit. Shareholders should expect some short-term supply overhang on June 5–6, but the 1.15% size is modest and unlikely to materially affect the stock. The floor price being set at face value (₹10) is unusually low and could signal limited demand at higher levels.