Waaree Energies IPO Listing: Shares Set for Strong Stock Market Debut with Over 100% Gains - Read Now

Waaree Energies IPO Listing: On October 28, 2024, the Waaree Energies IPO is to be listed on both BSE and NSE. Waaree Energies is one of the largest solar PV modules manufacturing companies. The IPO is subscribed with a record and strong grey market signals. So, listing may bring massive returns for the investors.
Waaree Energies IPO GMP Signals Strong Listing Gains

Waaree Energies IPO Listing: Waaree Energies IPO GMP Latest Reports
The current price of Waaree Energies IPO GMP has been reported at ₹1,274 per share, which will be a listing around ₹2,777 from the issue price of ₹1,503. The stock can open even higher than ₹3,063, hence a 100% premium. High GMP displays the high sentiments of the investors and huge demand of the stocks of Waaree Energies.

Waaree Energies IPO Overview and Subscription
Waaree Energies' IPO did very well as the opening date on 21 October through closing on 23 October saw an incredible 76.34 times oversubscription with the bids that came in for more than 160.91 crore shares against the available 2.10 crore shares. It had received an unbelievable response in all categories- QIBs subscribed to 208.63 times, NII to 62.49 times, and Retail Investors 10.79 times. Due to this enormous demand, the company generated ₹4,321.44 from public issues raised by it through the recent issue amount of ₹3,600 crores followed by ₹721.44 rest through offers for sale.

Waaree Energies Stock Debut at the Share Market-Analyst Comments
Going through the perspective of stock analysts, as they had commented that a stock issuance from Waaree Energy is going to open considerable on the prices due to huge growth factors and investor interest from a retail-institutional entity. Shivani Nyati, who heads wealth at Swastika Investmart Ltd says, " Waaree Energies, on its listing, can scale as high as ₹3,063. The more than 103% GMP supports its cause. List day's gains will surely have the hands of allotment gathering investors, who'll make beeline for the equity." However, she further believes this stock shall be held back for long-term prospects into the renewable space. At least some short-term closing of profits could happen from this.  Company has good strengths. Its is placed well in the market.

Analysts believe such growth will continue in solar PV manufacturer Waaree Energies, as the former is reaping the fruit of a strong order book, global expansion, and competitive pricing strategies. "Considering the global presence of the company and its optimized supply chain, revenue stability can be ascertained," said Sagar Shetty, research analyst at StoxBox.

While some volatility was noticed in the secondary markets, the interest for the IPO of Waaree Energies was still high, particularly among QIBs, as their bids were subscribed to the tune of over 215 times. According to Prashanth Tapse, senior VP of Research at Mehta Equities Ltd, this kind of demand bodes well and indicates possible doubled returns on the listing day, backed by strategic significance of the solar sector and the strong fundamentals of the company.

Also Read: Waaree Energies IPO GMP Drops; Key Points for Investors to Watch - All You Have To Know