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- By Aditya Pratap Singh
- Mon, 28 Oct 2024 10:06 AM (IST)
- Source:JND
Waree Energies Share Price: The shares of Waree Energies made a stellar debut in the stock market at a premium of per cent, at NSE Waree Energies shares list at Rs..., while on BSE, the shares started trade at Rs... The Rs 4,321.44 crore initial public offering of India's one of the largest solar panel manufacturers got an overwhelming response from the investors, getting 76 times bidding against issued shares.
Waree Energies subscription status
As per the NSE data, bids were received for 1,60,91,61,741 shares as against the offer size of 2,10,79,384 shares. The qualified institutional buyers (QIBs) portion was subscribed 208.63 times, while the non-institutional investors category was subscribed 62.48 times. The retail individual investors (RIIs) category was subscribed 10.79 times. WareeEnergies raised Rs 1,277 crore from anchor investors on Friday last week.
Waree Energies GMP
The grey market premium of Waree Energies went slightly down to 86 per cent on the listing day i.e. October 28. Earlier, the shares of Waree Energies traded over 100 per cent premium but later it tanked to the level of 80%. According to investorgain.com, the shares were trading at Rs 2798, up 1295, or 86.16 per cent against the issue price band of Rs 1503.
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Waree Energies IPO details
Waree Energies Limited had fixed a price band between Rs 1,427 and Rs 1,503 for its initial public offering (IPO) with a face value of Rs 10. The Werry Energies IPO is open for public subscription between October 21 and October 23. It opened on October 18 for bidding.
Investors had to buy a lot of 9 shares to bid – the minimum investment is Rs 13,527. Solar panel maker Waree Energy raised Rs 4,321 crore through an initial public offering (IPO). The draft Red Herring Prospectus (DRHP) combined a fresh issue of shares worth Rs 3,600 crore and an offer for sale (OFS) of 4.8 million shares by a promoter and existing shareholders. Promoter Waree Sustainable Finance Pvt Ltd and shareholder Chandurkar Investments Pvt Ltd have sold their shares in OFS.
