The much-anticipated initial public offering (IPO) of Waaree Energies Limited is set to open for subscription on 21st October 2024 and will remain available until 23rd October 2024. Investors can subscribe to the shares of the company within this three-day window, with the IPO price band set between Rs 1,427 and Rs 1,503 per equity share.
Here are 10 things to know about the Waaree Energies IPO before subscribing to the issue.
IPO Schedule of Waaree Energies IPO
Waaree Energies Limited is set to launch its initial public offering (IPO) in the Indian primary market on 21st October 2024. The IPO will remain open for subscription until 23rd October 2024, giving investors a three-day window to participate in the offering.
Fundraising and Structure of Waaree Energies IPO
Waaree Energies aims to raise a total of Rs 4,321.44 crore through this book-built IPO. Of this, Rs 3,600 crore will be raised through the issuance of fresh shares, while the remaining Rs 721.44 crore will be generated via the offer for sale (OFS) route, allowing existing shareholders to offload part of their stake.
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Price Band and Lot Size of Waaree Energies IPO
Waaree Energies Limited has set a price band of Rs 1,427 to Rs 1,503 per share for its upcoming IPO. Investors will be able to bid in lots, with each lot comprising 9 shares.
Also ReadWaaree Energies IPO GMP soars over 100%: Check issue price, allotment status, listing date and more
Grey Market Premium (GMP) of Waaree Energies IPO
The grey market premium (GMP) for Waaree Energies has surged to Rs 1,470, reflecting a 98% rise just a day before the IPO opens for subscription. The company’s maiden share offering is set to conclude on 23rd October 2024.
Allotment and Listing Date of Waaree Energies IPO
The share allotment for Waaree Energies’ IPO is expected to be finalized on 24th October 2024.
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