Afternoon IPO of Energies GMP (Image source: iStockphoto)
With a big initial public offering (IPO) on the way, Waaree Energies Limited plans to raise Rs 4,321.44 crore. A fresh issue of 2.4 crore shares, valued at Rs 3,600 crore, and an offer to sell 0.48 crore shares, valued at Rs 721.44 crore, comprise the offer.
Waaree Energies IPO Subscription Window
Waaree Energies’ initial public offering (IPO) subscription window will begin on October 21, 2024 and close on October 23, 2024.
Allotment date and listing of Waaree Energies IPO
The share allotment is expected to be completed on October 24. On October 28, 2024, trading will begin on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Afternoon Energies IPO Price Band
The IPO price band is set between Rs 1,427 and Rs 1,503 per share. Retail investors have to invest a minimum of Rs 13,527 for a lot of 9 shares. For small and medium investors (sNII), the minimum investment is Rs 202,905 for 15 lots (135 shares), while high net worth individuals (bNII) have to invest Rs 1,000,998 for 74 lots (666 shares).
IPO GMP energy afternoon
According to various websites that track gray market premium activities, Waaree Energies IPO shares have a GMP in the price range of Rs 1,425, indicating a premium of over 100 per cent in the gray market. quoted.
Waaree Energies has an installed capacity of 12 GW. To meet the growing demand for solar energy solutions in India, the company’s product portfolio includes next-generation TopCon and bifacial modules, as well as multicrystalline and monocrystalline modules.
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