Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. Waaree Energies IPO Fully Subscribed On Day 1

Waaree Energies IPO Fully Subscribed On Day 1

21 Oct 2024

Add as preferred source
Key Takeaways

Waaree Energies' IPO shows strong demand, being fully subscribed quickly, indicating investor confidence and a potential gain at listing.

Waaree Energies' IPO shows strong demand, being fully subscribed quickly, indicating investor confidence and a potential gain at listing.

Waaree Energies

Waaree Energies

0.00%

Expert Analysis

Waaree Energies IPO Fully Subscribed Within Two Hours, Signals Strong Investor Demand.


Expert Analysis:

  • IPO Launch Success: Waaree Energies Limited's IPO successfully launched and was fully subscribed within two hours of bidding.

  • Allocation Breakdown: The allocation consists of 50% for qualified institutional investors, 35% for retail investors, and 15% for non-institutional investors, with ₹65 crore reserved for employees.

  • Subscription Levels: As of 3:45 PM, the issue was subscribed 2.81 times, with non-institutional investors at 6.24 times, retail at 2.89 times, and institutional at 0.06 times.

  • Funds Raised from Anchor Investors: Waaree Energies raised approximately ₹1,277 crore from anchor investors ahead of the IPO.

  • Grey Market Premium: The grey market premium of ₹1,480 implies a 98% potential gain over the issue price, suggesting an estimated listing price of ₹2,983 per share.

Publisher:Outlook Business