Waaree Energies IPO: Issue subscribed over 4x on Day 2 so far, NIIs lead

Waaree Energies' IPO Oversubscribed 4.52 Times on Day 2.

Expert Analysis:

• IPO Subscription Overview: Waaree Energies' Rs 4,321-crore IPO was oversubscribed 4.52 times on October 22.

• Non-Institutional Investor Interest: Non-institutional investors led with nearly 12 times subscription.

• Retail Investor Demand: Retail investors subscribed 4 times, while employees' portion saw 1.96 times demand.

• QIB Participation: Qualified Institutional Buyers (QIBs) picked up 9% of their reserved shares.

• Expected Market Capitalisation: Post-IPO market capitalization is expected to exceed Rs 43,179 crore.