Energy company Waaree Energies made its stock market debut on Monday, which was strong. The company’s shares were trading at Rs 2,550 on the BSE as compared to its upper price band of Rs 1,503. According to this, investors who invested money in this IPO on the first day made a profit of more than Rs 1000 on each share. Let us tell you that in this IPO, the company had set the lot size at 9 shares.
Less than expected, but excellent listing.
Making its debut on the stock market, Waaree Energies’ IPO has generated huge profits for its investors, but its share price has been below expectations. As soon as the issue was opened, it created a sensation in the gray market and was seen trading at the level of Rs 1,590. In such a situation, it was expected that the amount invested in it would double on the day of listing. But after the IPO closed, its GMP started declining and despite this, around 6 am on Monday, it was listed on the gray market at a premium of Rs 1,275 and was expected to trade at Rs 2,778.
But instead of listing at a premium of 84.83 per cent, it was listed on the BSE at a premium of 69.66 per cent. If we talk about listing Waaree Energies shares on the National Stock Exchange (NSE), then Waaree Energies Share is trading at Rs 2,500 with a premium of 66.33 percent.
This is the profit calculation.
Now let’s talk about the profits made by the investors who invested in Waari Energies shares on the first day, then let us tell you that while filing the IPO of Rs 4,321.44 crore, the company had fixed the price band of Rs 1,427. -1503 for him and his The lot size was 9 shares. That means any investor had to bid for at least that many shares. Now, as compared to the fixed upper price band, Vaari Energies shares are listed on BSE at Rs 2,550 and consequently, investors have made a huge profit of Rs 1,047 per share.
This amount wins on a lot as soon as it appears on the list
As said, while launching the IPO, the company had fixed one lot size at 9 shares and based on the upper price band, the investor had to invest at least Rs 13,527 in it. In such a situation, if the calculation is made on the basis of listing profit, as soon as the shares of the company are listed, the amount invested by them will increase to Rs 22,950. That means investors have earned Rs 9,423 for each lot.
The IPO got a great response
Waaree Energies’ IPO opened for subscription on October 21 and investors had bid until October 23. This IPO received tremendous response from investors. The company had issued 2.4 million shares through fresh issue, worth Rs 3,600 crore. A total of 48 lakh shares worth Rs 721.44 crore were issued through OFS. Till the last day, investors made huge bids for this IPO and it was completed 79.44 times.
(Note: Before making any investment in the stock market and IPO market, definitely consult your market experts.)
