Waaree Energies IPO: Issue subscribed over 76x on Day 3, QIB portion booked 209x - Moneycontrol
24 October 2024
Waaree Energies' Rs 4,321-crore IPO continued to see strong demand on October 23, the third and final day of bidding, with the offer being oversubscribed 76.34 times. Investors bid for 160.91 crore shares, far exceeding the 2.1 crore shares on offer, according to exchange data. The company, a major player in the solar energy industry, focuses on PV module manufacturing and had an installed capacity of 12 GW as of June 30, 2023. Waaree Energies also garnered significant attention in the grey market, where its premium surged over 100 percent ahead of the I PO's launch on October 21. Follow our LIVE blog for all the latest market updates Qualified institutional buyers showed the most interest, subscribing 208.63 times the portion reserved for them. Retail investors' quota has been subscribed 10.79 times, and the employees' portion saw 5.17 times the demand. Non-institutional investors subscribed 62.48 times their reserved portion, as per NSE data.
Waaree Energies' Rs 4,321-crore IPO continued to see strong demand on October 23, the third and final day of bidding, with the offer being oversubscribed 76.34 times. Investors bid for 160.91 crore shares, far exceeding the 2.1 crore shares on offer, according to exchange data. The company, a major player in the solar energy industry, focuses on PV module manufacturing and had an installed capacity of 12 GW as of June 30, 2023. Waaree Energies also garnered significant attention in the grey market, where its premium surged over 100 percent ahead of the I PO's launch on October 21. Follow our LIVE blog for all the latest market updates Qualified institutional buyers showed the most interest, subscribing 208.63 times the portion reserved for them. Retail investors' quota has been subscribed 10.79 times, and the employees' portion saw 5.17 times the demand. Non-institutional investors subscribed 62.48 times their reserved portion, as per NSE data.
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