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Red-Hot IPO Of Solar-Panel Maker Waaree Puts Doshi Brothers Among India’s 100 Richest For First Time

Red-Hot IPO Of Solar-Panel Maker Waaree Puts Doshi Brothers Among India’s 100 Richest For First Time

The heavily oversubscribed IPO of solar panel maker Waaree Energies in October 2024 propelled the four Doshi siblings into the ranks of the country’s richest for the first time. Since listing at a 70% premium to the issue price, the stock is up more than 50%, giving them a combined net worth of $7.5 billion.

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