Indosolar Ltd, now WaareeIndo, makes a powerful comeback to the stock market after a three-year suspension. The company’s shares were listed again on June 19, 2025. It’s opened at Rs. 165.06, which is over 1,600% higher. Before delisting, its price was Rs. 9.71.
The stock quickly hit the 5% upper circuit and closed near Rs. 173.31 on both the NSE and BSE. It is the most surprising news for investors. Today, its price has increased by 5%, which is 181.98 on both the NSE and BSE.
This strong comeback is possible because Waaree Energies took over Indosolar during the bankruptcy process, which began in October 2018.
In 2025, WaareeIndo declared a net profit of Rs. 55 crore. This is a big turnaround from 2024, because at that time loss of Rs. 15.44 crore was posted.
Waaree Energies currently owns 96.15% of WaareeIndo. They are holding 4 crore shares. To meet the minimum public shareholding norms, the company sold 4.76 lakh shares (around 1.15%) through an Offer For Sale (OFS) on June 5–6, 2025, for Rs 10 per share.
As a result, retail investors now hold about 3.3% of the company, which includes 13.7 lakh shares. Other small shareholders are the Bank of Baroda and several Hindu Undivided Families (HUFs).
Right now, the stock is listed under the “T group”, which means intraday trading is not allowed. It will remain subject to a 5% daily price movement limit for the first 10 trading sessions.
The company’s market capitalization is now between Rs 686 crore and Rs 720 crore. It depends on the valuation source.
This relisting is one of the most remarkable turnarounds in the indian market. Imagine a struggling penny stock is now a strong performer. With the help of Waaree Energies, WaareeIndo is now well-positioned to grow in India’s growing solar photovoltaic sector.
The company is now contributing to the country’s clean energy goals and offers a promise of opportunities for long-term investors.
Source
https://www.ndtvprofit.com/markets/indosolar-shares-hit-upper-circuit-on-listing-as-waareeindo
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