October 28, 2024
New Delhi, India
Waaree Energies IPO Listing Overview
Waaree Energies made a stellar stock market debut today, October 28, listing at a 66.33% premium at ₹2,500 on the NSE and at ₹2,550 on the BSE. This impressive listing followed the highly successful IPO, which saw 76 times overall subscription due to strong institutional interest.
Key IPO Highlights:
- Subscription Details:
- Total: 76 times
- Qualified Institutional Buyers (QIBs): 208.63 times
- Non-institutional Investors: 62.49 times
- Retail Investors: 10.79 times
- IPO Size: ₹4,321.44 crore
- Total Bids Received: 1,60,91,70,633 shares against 2,10,79,384 available shares
- Capital Raised: Funds will be used to develop a 6 GW manufacturing facility in Odisha and for corporate purposes.
This IPO set a record with 97.34 lakh applications, marking it as one of India’s most highly-subscribed IPOs. Waaree Energies’ successful entry into the market reflects significant confidence in its expansion plans and the growing demand for solar energy infrastructure.
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