Waaree Energies Unlisted Shares
Waaree Energies IPO: Issue subscribed over 4x on Day 2 so far, NIIs lead
money control
2 min read
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.
Waaree Energies' Rs 4,321-crore IPO’s 4.52 times oversubscription highlights strong investor interest.
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