2 weeks Ago By Pawan Kumar
New Delhi: The Waaree Energies IPO allotment status was made public on Friday. The shares are set to list on the BSE and NSE on October 28, 2024, with trading starting at 10:00 AM on Monday. Meanwhile, investors are eager to know whether the IPO will deliver the expected multi-bagger listings.
Here is what GMP signals. Waaree Energies IPO: Latest GMPThe grey market premium (GMP) for Waaree Energies shares has been showing positive signs. On Friday, the GMP rose to Rs 1591, up by Rs 61 from Thursday’s Rs 1530.
Despite weak market sentiment driven by selling pressure in banking and auto stocks, this rise suggests strong listing gains for the IPO allottees. Waaree Energies IPO: Expected Listing PriceMarket experts say the GMP indicates that the expected listing price could be around Rs 3,094 (Rs 1503 + Rs 1591), a 106 per cent premium over the upper price band of Rs 1503. However, they cautioned that the grey market is unregulated and its predictions do not reflect the company's actual performance or financial health.
Waaree Energies IPO: Listing Date And Trading DetailsAccording to the BSE notice, Waaree Energies shares will be listed under the 'B' Group of Securities on Monday, October 28, 2024. Investors will be able to start trading the stock from 10:00 AM on the same day. Waaree Energies IPO: Subscription StatusThe Waaree Energies IPO received a tremendous response from investors, with the issue being subscribed nearly 80 times.
Retail investors showed strong interest, booking the issue 11.27 times, while non-institutional investors (NIIs) subscribed to it 65.25 times.
Waaree Energies IPO: FundraiseThe IPO aimed to raise Rs 4,321.44 crore but saw bids totaling Rs 2.42 crore.
Waaree Energies IPO: Dates & Lead Manager The IPO, which opened on October 21 and closed on October 23, was managed by a consortium of lead managers, including Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory, SBI Capital Markets, Intensive Fiscal Services, and ITI Capital. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.
) Get Latest News Live on Times Now along with Breaking News and Top Headlines from Companies, Business Economy and around the world..
