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  3. Waree Energies IPO set to open on Oct 21; close on Oct 23

Waree Energies IPO set to open on Oct 21; close on Oct 23

15 Oct 2024

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Key Takeaways

Waaree Energies' IPO seeks Rs 3,600 crore to be open between 21st to 23rd October. 

Waaree Energies' IPO seeks Rs 3,600 crore to be open between 21st to 23rd October. 

Waaree Energies

Waaree Energies

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Expert Analysis

Waaree Energies IPO dates Out.

Expert Analysis:

  • IPO Subscription Dates: Waaree Energies Ltd's IPO opens for subscription on October 21 and closes on October 23, with anchor bidding starting on October 18.

  • Allotment and Market Debut: The allotment will be finalized on October 24, followed by refunds and share credits to demat accounts on October 25. The company's market debut is scheduled for October 28.

  • IPO Structure: The IPO consists of a fresh issue of Rs 3,600 crore and an offer for sale of up to 4.8 million shares (4.35 million from Waaree Sustainable Finance and 4.5 lakh from Chandurkar Investments).

  • Fund Utilization: The funds raised will partially finance a 6GW Ingot Wafer, Solar Cell, and Solar PV Module facility in Odisha through Sangam Solar One Private Limited investment.

Publisher:money control