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

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

22 Oct 2024

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Key Takeaways

Waaree Energies' Rs 4,321-crore IPO’s 4.52 times oversubscription highlights strong investor interest.

Waaree Energies' Rs 4,321-crore IPO’s 4.52 times oversubscription highlights strong investor interest.

Waaree Energies

Waaree Energies

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Expert Analysis

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.

Publisher:money control