- Waaree Energies Stock Trading Begins: Strong IPO Demand Surges
The ₹4,321-crore IPO experienced robust demand, being oversubscribed 76.34 times. Investors submitted bids for 160.91 crore shares, significantly surpassing the 2.1 crore shares available, according to exchange data.
Waaree Energies Share Price Today :
Waaree Energies is set to commence trading on stock exchanges today at 10:00 IST, following a highly successful initial public offering (IPO). The IPO, focused on solar panel production, was oversubscribed 76.34 times by the final day of bidding on October 23, driven by substantial interest from institutional investors.
The offering raised ₹4,321.44 crore, with bids totaling an impressive 1,60,91,70,633 shares against the available 2,10,79,384 shares, as reported by the BSE. The Qualified Institutional Buyers (QIB) segment was particularly robust, with a staggering subscription rate of 208.63 times. Non-institutional investors subscribed 62.49 times, while Retail Individual Investors (RIIs) achieved a subscription rate of 10.79 times.
This IPO recorded one of the highest application numbers in recent history, with a total of ₹97.34 lakh applications. Overall, the public offering attracted subscription amounts exceeding ₹2.41 lakh crore, underscoring strong market interest in Waaree Energies.
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Waaree Energies made a spectacular debut on the stock market on October 28, listing at ₹2,500—an impressive 66.3% premium over its issue price of ₹1,503 per share on the National Stock Exchange (NSE).
Waaree Energies IPO:
Qualified Institutional Buyers (QIBs) demonstrated the highest interest, subscribing 208.63 times the portion allocated for them.