Waaree Energies IPO: Key Details, Dates, and Grey Market Premium - Read Now

Waaree Energies Limited had scheduled the Initial Public Offering to be launched on 21st October 2024 and fetched a huge amount of ₹4,321.44 crore. The public issue is open for subscription till 23 October 2024, and it provides investors with this growing market an optimum investment opportunity in the booming solar energy sector.

Waaree Energies IPO GMP: Grey market exchanges reported that the share of the company was being traded at a grey market premium of ₹1,426. This proves that the investors have shown immense interest in the offerings.
IPO Dates: Waaree Energies IPO is open for subscription between October 21, 2024 and October 23, 2024.
IPO Price Band: The IPO price band has been set at ₹1,427 - ₹1,503 per equity share.

IPO Size: The IPO size is of ₹4,321.44 crore, which includes fresh shares and an offer for sale.
Lot Size: The lot size has been of nine shares, and there is a provision to apply in lots.
Allotment Date: The allotment date is expected to be on October 24, 2024.
Registrar: Link Intime India Private Limited is the registrar appointed for this IPO.

Lead Managers: For the public issue, a composite team of lead managers will be Axis Capital, IIFL Securities, Jefferies India and others. Listing Details: The equity shares are proposed to get listed at both BSE and NSE on October 28, 2024, as per 'T+3' listing.

Income Overview: Waaree Energies has the overall income of ₹11,632.76 crore, NAV stand at 154.96, PE ratio stands at 30.87 and ROCE stands at 21.89%. After listing, the company will face peers like Websol Energy Systems and Premier Energies Ltd.

But, above all, investors should look at these factors before investing in the Waaree Energies IPO, especially when they think of a bright scenario for grey market performance. In any case, this one's going to be a great investment opportunity at a time when the sector is growing.