Check the latest Grey Market Premium (GMP) and issue share price for the Waaree Energies IPO. Stay tuned for further updates!
Waaree Energies is a key player in India’s solar energy sector, specializing in the manufacturing of photovoltaic (PV) modules. As of June 30, it has an installed capacity of 12 GW and operates five manufacturing plants: one each in Surat, Tumb, Nandigram, and Chikhli in Gujarat, as well as the IndoSolar facility in Noida, Uttar Pradesh.
The Waaree Energies IPO is a book-built issue valued at ₹4,321.44 crores. It consists of a fresh issue of 2.4 crore shares worth ₹3,600.00 crores, along with an offer for sale of 0.48 crore shares totaling ₹721.44 crores.
Overview of Waaree Energies Limited
| Open Date | October 21, 2024 |
| Close Date | October 23, 2024 |
| Listing Date | October 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹1427 – ₹1503 per share |
| Lot Size | 9 shares |
| Total Issue Size | 28,752,095 shares |
| Fresh Issue | 23,952,095 shares |
| Offer for Sale | 4,800,000 shares |
| QIB Allocation | Up to 50% |
| Retail Allocation | Minimum 35% |
| GMP | 101% |
Conclusion
With the GMP currently at 101%, it’s a strong indicator of market interest. Ultimately, whether to apply for the IPO is up to you—consider your investment goals and risk tolerance before making a decision!
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