New Delhi: Solar panel maker Waaree Energies IPO, a book built issue of Rs 4,321.44 crore, will open for subscription on October 21, 2024 and close on 23rd October. The Mumbai-based company’s Initial Public Offering IPO involves fresh issue of shares worth Rs 3,600 crore. According to the Draft Red Herring Prospectus (DRHP), the public issue is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer For Sale (OFS) of 48 lakh equity shares by a promoter and existing shareholders.
Waaree Energies IPO price band is fixed in the range of Rs 1427 to Rs 1503 per equity share. The retail investors are required to bid for a minimum lot size of 9 shares, for which one has to invest Rs 13,527. Investors in NII category are mandated to bid for a minimum lot size of 15, and the bNII category investors are mandated to apply for 74 lots.
Waaree Energies IPO GMP, allotment
Waaree Energies IPO GMP is going very strong and the grey market price indicates that the shares are expected to be listed with over 86 per cent gains. Investorgain reported Waaree Energies IPO GMP at Rs 1300 today morning, and with the price band of Rs 1503, the shares of the solar panel maker is estimated to be listed at Rs 2803.
Waaree Energies IPO expected allotment date: October 24, 2024
Initiation of Refunds process likely to begin on 25th October
Shares to be credited to the demat account of shareholders: October 25
Waaree Energies shares will list on BSE, NSE with a tentative listing date October 28
Book running lead managers of the Waaree Energies IPO: Jefferies India Private Limited, Axis Capital Limited, Iifl Securities Ltd, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and Iti Capital Ltd and Nomura Financial Advisory And Securities (India) Pvt Ltd. Link Intime India Private Ltd is the registrar for the IPO.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Waaree Energies IPO GMP indicates that the shares will list with over 86 per cent gains. The solar panel maker price band is fixed in the range of Rs 1427 to Rs 1503 per equity share. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
