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  3. Waaree Energies IPO GMP soars over 85% as company fixes price band

Waaree Energies IPO GMP soars over 85% as company fixes price band

16 Oct 2024

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Key Takeaways

Waaree Energies'  price band is set at Rs 1427- Rs 1503 Per Share with a GMP of around 85%.

Waaree Energies'  price band is set at Rs 1427- Rs 1503 Per Share with a GMP of around 85%.

Waaree Energies

Waaree Energies

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Expert Analysis

Waaree Energies IPO GMP Surges Over 85% with Price Band Set.

Expert Analysis:

  • High Investor Interest: Waaree Energies’ IPO is seeing high investor interest, as the grey market premium (GMP) surged over 85%.

  • Current GMP Range: The GMP ranges between Rs 1250 and Rs 1280 per share.

  • IPO Price Band: The IPO price band is set at Rs 1427-1503 per share.

  • Subscription Period: Subscription opens on October 21 and closes on October 23, with anchor bidding on October 18. Share allotment will be finalized on October 24, refunds initiated, and shares credited to demat accounts by October 25, with a stock market debut expected on October 28.

Publisher:money control