Waaree Energies Ltd launched its IPO from October 21 to October 23, with the allotmentment done on October 24 and listing on October 28 on both BSE and NSE. Applicant can check allotment status on BSE website or can visit IPO registrar website on this link. The IPO price band was set between ₹1,427 and ₹1,503 per share, raising ₹4,321.44 crore at the upper end. This included a fresh issue of ₹3,600 crore and an offer for sale (OFS) of ₹721.44 crore. The IPO saw record demand, being subscribed 76.34 times with bids for 160.91 crore shares against 2.10 crore on offer, attracting ₹2.41 lakh crore in subscriptions. Retail investors subscribed 10.79 times, NIIs 62.49 times, and QIBs 208.63 times.
waaree enegies Grey market price
Waaree Energies shares are showing strong demand in the grey market, with a grey market premium (GMP) of ₹1,558 per share. This suggests the shares are trading at ₹3,061, a 104% premium over the IPO price of ₹1,503, indicating a highly bullish trend ahead of the listing.
waaree energy share price and listing gain (Expected)
Listing gain of an IPO depends upon various factors like market sentiment, demand and subscription, GMP, company fundamentals etc. As already discussed, The IPO saw record demand in current bullish market sentiment, being subscribed 76.34 times with bids for 160.91 crore shares against 2.10 crore on offer, attracting ₹2.41 lakh crore in subscriptions. Retail investors subscribed 10.79 times, NIIs 62.49 times, and QIBs 208.63 times. GMP on last day of subscription was at 104% premium over the IPO price of 1503 rupees. and fundamentally company is leading to its competitor
Premier energy IPO subscribed 75 times at last GMP premium of 108% listed at premium 120% of IPO issue price. While Bajaj Housing Finance IPO subscribed 63 times at last GMP premium of 102% listed at premium of 115% of IPO issue price. Following the same pattern for Waaree energy share price should be listed at a premium of 105% to 125% or between 3082 rupees to 3382 rupees. The price band may change.
