October 21, 2024
New Delhi, India
Waaree Energies IPO
Waaree Energies IPO opened for bidding today, offering shares in the price range of ₹1,427 to ₹1,503 per equity share. The IPO will remain open until October 23, 2024, and aims to raise ₹4,321.44 crore, with ₹3,600 crore via fresh shares and ₹721.44 crore through an offer for sale (OFS).
Key Highlights:
- GMP: Shares available at a ₹1,473 premium in the grey market.
- Price Band: ₹1,427 to ₹1,503 per equity share.
- IPO Size: ₹4,321.44 crore, combining fresh shares and OFS.
- Lot Size: One lot consists of 9 shares.
- Subscription: As of 10:54 AM on day one, the IPO was subscribed 0.57 times; retail portion 0.61 times, and NII 1.25 times.
- Allotment Date: Expected on October 24, 2024.
- Listing Date: Anticipated on October 28, 2024, on both BSE and NSE.
Lead Managers: Axis Capital, IIFL Securities, Jefferies India, Nomura, SBI Capital Markets, Intensive Fiscal Services, and ITI Capital.
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