Waaree Energies IPO: 10 key risks you should know about before investing in ₹4,321 crore issue - MSN
24 October 2024
aaree Energies initial public offering (IPO) has opened for bidding today, October 21, and will remain available to investors until Wednesday, October 23. The company aims to raise Z4,321.44 crore through this IPO, which comprises a fresh issue of 2.4 crore shares aggregating to 0,600.00 crore and an offer for sale of 0.48 crore shares totaling Z721.44 crore.The IPO received a strong response on its first day of bidding, resulting in an oversubscription of 347 times, driven by interest from non-institutional investors (NII) and retail investors. The price band for the IPO is set between and ZI,503 per share, with a minimum lot size for retail investors fixed at one lot, consisting of 9 shares. This means retail investors will need to make a minimum investment of ZI 3,527 to participate in the offering. The stock is scheduled to be listed on both BSE and NSE platforms, with a tentative listing date of Monday, October 28.
aaree Energies initial public offering (IPO) has opened for bidding today, October 21, and will remain available to investors until Wednesday, October 23. The company aims to raise Z4,321.44 crore through this IPO, which comprises a fresh issue of 2.4 crore shares aggregating to 0,600.00 crore and an offer for sale of 0.48 crore shares totaling Z721.44 crore.The IPO received a strong response on its first day of bidding, resulting in an oversubscription of 347 times, driven by interest from non-institutional investors (NII) and retail investors. The price band for the IPO is set between and ZI,503 per share, with a minimum lot size for retail investors fixed at one lot, consisting of 9 shares. This means retail investors will need to make a minimum investment of ZI 3,527 to participate in the offering. The stock is scheduled to be listed on both BSE and NSE platforms, with a tentative listing date of Monday, October 28.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.