Waaree Energies IPO Update- Forensic Analysis - Smartkarma
24 October 2024
Waaree Energies IPO Update- Forensic Analysis SmartkarmaAOlar panel maker Waaree Energies Ltd on Tuesday received 8.78 times subscriptions on the second day of its initial public offering share sale. As per NSE data, against the 2, 10, 79,384 shares on offer, the Rs 4,321.44 crore initial share sale received bids for shares. The non institutional sector investor garnered 24.30 times subscription whereas Retail Indivisual Investors fetched 6.36 times subscriptions. Qualified Institutional Buyers also received 1.73 times subscriptions. The energy giant announced on Friday that it has secured Rs 1,277 crore from anchor investors. With a price band of Rs 1,427 to Rs 1,503 per share, the issue will conclude on October 23. The IPO consists of a fresh issue of equity shares totaling Rs 3,600 crore and an Offer-For- Sale (OFS) of 48 lakh equity shares valued at Rs 721.44 crore at the upper end of the price band, from a promoter and existing shareholders. This brings the total size to Rs 4,321.44 crore.
Waaree Energies IPO Update- Forensic Analysis SmartkarmaAOlar panel maker Waaree Energies Ltd on Tuesday received 8.78 times subscriptions on the second day of its initial public offering share sale. As per NSE data, against the 2, 10, 79,384 shares on offer, the Rs 4,321.44 crore initial share sale received bids for shares. The non institutional sector investor garnered 24.30 times subscription whereas Retail Indivisual Investors fetched 6.36 times subscriptions. Qualified Institutional Buyers also received 1.73 times subscriptions. The energy giant announced on Friday that it has secured Rs 1,277 crore from anchor investors. With a price band of Rs 1,427 to Rs 1,503 per share, the issue will conclude on October 23. The IPO consists of a fresh issue of equity shares totaling Rs 3,600 crore and an Offer-For- Sale (OFS) of 48 lakh equity shares valued at Rs 721.44 crore at the upper end of the price band, from a promoter and existing shareholders. This brings the total size to Rs 4,321.44 crore.
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