Waaree Energies IPO Subscription Status: The Waaree Energies IPO has gained significant traction as it enters its final day of bidding, with the issue already subscribed over 11 times. The offering, which opened on October 21 and closes today, October 23, has attracted widespread investor interest.
Waaree Energies IPO Subscription Status:
Waaree Energies Ltd, a leading solar photovoltaic (PV) module manufacturer, aims to raise ₹4,321.44 crore through this IPO. The issue consists of a fresh offer of 2.4 crore shares, worth ₹3,600 crore, and an offer for sale (OFS) of 0.48 crore shares, aggregating to ₹721.44 crore.
The IPO price band has been set between ₹1,427 and ₹1,503 per share. At the upper limit, the company expects to raise the full ₹4,321.44 crore.
Subscription Crosses 11 Times on the Final Day
Investor response has been robust, with the subscription tally reaching nearly 9 times by the end of Day 2. On the third and final day, demand has soared even further. Analysts are also keeping an eye on the grey market premium (GMP), which has seen a spike, reflecting positive market sentiment toward the stock.
The bidding concludes today, and the stock is expected to be listed on October 28. As interest continues to surge, all eyes are on the final subscription figures and how the stock performs post-listing.
Waaree Energies’ strong performance in the IPO market highlights the growing interest in renewable energy companies, especially as the world continues its shift towards greener technologies.
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