A big IPO is going public. This IPO will go public on October 28. Even before this, this IPO is making waves in the gray market. This indicates a profit of Rs 1,480 per share on the day of listing. While the stock estimate is Rs 2,983 per share, 98.47% higher than the price band. This means that investors can double their money by listing their shares.
The IPO we are talking about is none other than the Waaree Energies IPO, which has been in the news for a long time. Today was the last opportunity to apply for this IPO. Until the last day, investors made huge bids for this IPO and filled it 79.44 times. This IPO was subscribed 11.27 times in the retail category. Bookings were made 215.03 times in the QIB category and 65.25 times in the NII category.
This IPO opened on October 21.
Waaree Energies’ IPO opened for subscription on October 21. The total size of this IPO is Rs 4,321.44 crore. Under this IPO, 2.4 million shares were issued through fresh issue, worth Rs 3,600 crore. A total of 48 lakh shares worth Rs 721.44 crore were issued through OFS.
When will the shares be awarded?
This IPO closed subscription on October 23, i.e. today. Now the allotment of shares under the Waaree Energies IPO can be done on October 24 and for those who do not receive the shares, their money can also be returned to their accounts on the same day. Vaari Energies shares will be listed on BSE and NSE, which will be able to enter the market on October 28.
What was the price band?
Waaree Energies’ IPO price band was set at ₹1,427 to ₹1,503 per share. Nine shares were placed in one lot, for which retail investors had to invest at least Rs 13,527. In this IPO, sNII had to buy at least 15 lots and bNII had to buy 74 lots.
(Note: Before investing in any stock or IPO, seek the help of a financial advisor.)
