Waaree Energies IPO GMP Today 2024, GMP at ₹1,550
Waaree Energies IPO GMP Today 2024 : Investors keen on the upcoming initial public offering (IPO) of Waaree Energies have noticed a significant rise in its grey market premium (GMP), which has surged to over 85 per cent just days before the issue opens for subscription. The IPO, which is set to launch next week, is receiving strong demand in the unofficial market, indicating positive sentiment among prospective investors.
The grey market premium, which is a key indicator of market interest in IPOs before they are officially listed, has jumped in the range of Rs 1250 to Rs 1280 in recent days. Waaree Energies IPO GMP Today 2024, Waaree Energies has fixed a price band of Rs 1427-1503 per share. The IPO will open for subscription on October 21 and will be available to investors till October 23. Anchor bidding is scheduled to begin on October 18. After the closure, allotment of shares will be finalised on October 24, refunds will be initiated and shares will be credited to demat accounts by October 25. The company is expected to hit the stock market on October 28.
The Waaree Energies IPO will consist of fresh issuance of shares worth Rs 3,600 crore, as well as an offer for sale (OFS) of up to 4.8 million shares by existing shareholders and promoters. Based on the upper price band, the total issue size is estimated to be around Rs 4,321 crore, while the company’s market capitalisation is estimated to reach around Rs 43,000 crore.
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Waaree Energies, which began its journey in 2007 as a solar photovoltaic (PV) module manufacturer, has since emerged as a major player in the renewable energy space, providing cost-effective and sustainable energy solutions globally.
The company plans to raise Rs 3,000 crore through a fresh issue of shares and an OFS of 32 lakh equity shares, Moneycontrol reported in September. With its focus on solar power, the company plays a key role in promoting clean energy and reducing carbon footprint while aligning with global trends towards sustainable development. Waaree Energies IPO GMP Today 2024, The IPO is being managed by a consortium of financial institutions, including Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory & Securities, SBI Capital Markets, Intensive Fiscal Services and ITI Capital.
Waaree Energies IPO Details
Waaree Energies IPO will open on 21st October. Waaree Energies is a mainline IPO that will raise ₹4,321 crore through the IPO. The price band of Waaree Energies IPO is fixed at ₹1,427 to ₹1,503 with a market lot of 9 shares.
Waaree Energies Limited is the largest solar PV module manufacturer in India, founded in 1990. Waaree Energies Limited was started in 2007 and focused on manufacturing solar PV modules to offer high-quality, reasonably priced sustainable energy solutions that open the door to sustainable energy and enhance the quality of life. They aim to provide high-quality sustainable energy solutions to individuals and have a great customer base.
| IPO Open Date: | October 21, 2024 |
| IPO Close Date: | October 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹1,427 to ₹1,503 Per Share |
| Issue Size: | Approx ₹4,321 Crores |
| Fresh Issue: | Approx ₹3,600 Crores |
| Offer for Sale: | Approx 4,800,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Waaree Energies IPO Dates
| IPO Open Date: | October 21, 2024 |
| IPO Close Date: | October 23, 2024 |
| Basis of Allotment: | October 24, 2024 |
| Refunds: | October 25, 2024 |
| Credit to Demat Account: | October 25, 2024 |
| IPO Listing Date: | October 28, 2024 |
Waaree Energies IPO GMP aka Grey Market Premium FAQs:
What is Waaree Energies IPO GMP today?
Waaree Energies IPO GMP as of today is ₹1,550.
What is Waaree Energies IPO KOSTK rate today?
Waaree Energies IPO KOSTK rate as of today is ₹1,800.
What is Waaree Energies IPO Subject to Deal today?
Waaree Energies IPO Subject to Deal till today is ₹12,000.
What is the expected return from Waaree Energies IPO?
The expected return from Waaree Energies IPO is 103%.
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