Waaree Energies, backed by Madhusudan Kela, has surged up to 9x in two years pre-IPO, with stock prices rising from Rs 225 to Rs 2,000 per share. The company, a key player in solar energy solutions, is set to launch its IPO with a fresh share issue of Rs 3,000 crore. With a strong presence in India and globally, Waaree Energies is a significant beneficiary of the government's solar initiatives, reflecting robust growth and investor interest.
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