Waaree Energies IPO Allotment Status Out; GMP Signals Big Returns for Allottees on Listing Day - Read Now
Waaree Energies IPO allotment status is out, with the listing date set for October 28, 2024. GMP hints at strong listing gains for allottees. Details on IPO share price, allotment, and listing potential below.
Much-awaited Waaree Energies IPO allotment status has been released. Share allocations have been announced on Friday. The shares of Waaree Energies will debut on BSE and NSE on Monday, October 28, 2024, after the listing date of the IPO.
A brisk response from bidders witnessed the Waaree Energies IPO with strong interest from investors in the entire process, which was concluded Wednesday.
Waaree Energies shares are likely to see a listing on next Monday, just three days from allotment as per new 'T+3' listing rule.
Waaree Energies IPO GMP Today
Even Waaree Energies GMP for IPO remains buoyant. According to observers from the market, at this time, Waaree Energies IPO is valued at ₹1591 per share. That rose to ₹61 higher value for a GMP Thursday went around ₹1530 for now. This has actually happened much big as this rising level of GMP tells everybody how the IPO listing will stand before touching around ₹3,094 (₹1503 + ₹1591). This means earning almost 106% profits if one invests even an amount in the highest cost price band of the total IPO at ₹1503.
Experts attribute this premium to high investor demand coupled with positive expectations, despite pressures from other sectors such as banking and automotive. Yet, although promising, they warn that GMP ought to be taken as some sort of informal guide which is not directly related to what the company is actually expected to deliver.
Waaree Energies IPO listing date and details
As per an official BSE notice, Waaree Energies will be listed on October 28, 2024, in the 'B' Group of Securities, and shares will be available for trading at 10:00 AM. The listing has drawn much attention as analysts continue to assess the long-term prospects of the company in light of the strong GMP of the IPO.
Stock market experts suggest that allottees should take decisions based on the company's financial fundamentals rather than going by the grey market's euphoria. Waaree Energies has presented solid business prospects in renewable energy, and investors looking for growth in sustainable sectors would find this company attractive.
It's an interesting prospect for future investors and allottees of the Waaree Energies IPO, for here may come multi-bagger returns as the equity shares make their debut in the market. But it is sound financial investment strategy that will help navigate this highly awaited IPO launch.
