Waaree Energies IPO GMP Price: Today is a very special day for investors who subscribe to Vari Energies. In fact, shares will be allocated today to investors who subscribe to the IPO. This IPO, which opened on Monday, October 21, closed on Wednesday, October 23. The company’s initial public offering received strong support from investors. Vaari Energies IPO received total subscription of 79.44 times. For this IPO, QIB subscribed maximum 215.03 times while retail investors subscribed 11.27 times.
The company is raising Rs 4,321.44 crore with its IPO
Vaari Energies has fixed the price band of Rs 1,427 to Rs 1,503 for each share of its initial public offering. A total of Rs 4,321.44 crore will be raised through this IPO. In this, 2,39,52,095 new shares worth Rs 3,600.00 crore will be issued. While the promoters of the company will issue 48,00,000 shares worth Rs 721.44 crore through OFS.
The company will go public on October 28.
This is a motherboard IPO, which will be listed on major exchanges BSE and NSE. After today’s share allotment, the shares will be credited to investors’ demat accounts on Friday, October 25 and the company will finally be listed on the stock exchange on Monday, October 28.
The company’s shares generate a stir on the gray market
Due to the overwhelming response received from investors by Vaari Energies, the company’s stock is also making waves in the gray market. According to the website that tracks gray market premium or GMP of shares, today, i.e. Thursday, October 24, the GMP price of Vari Energies shares is Rs 1,560 (103.79 percent). Let us tell you that even on Wednesday, the GMP price of Vari Energies shares was just Rs 1,560. This is the highest premium ever obtained for the company’s shares.
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