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Waaree Energies IPO Listing Live Updates: Waaree Energies shares to debut today. Check GMP and other key details
28 Oct 2024 | 07:33:19 AM IST
Synopsis
Waaree Energies IPO and Share Listing Live: Waaree Energies is scheduled to list its shares on the stock exchanges today. In the grey market, the shares are currently trading at a premium of Rs 1,225. Given the upper price band of Rs 1,503, the stock is expected to debut with an 81% premium over its issue price.
Waaree IPO Listing: Waaree Energies will debut on the stock exchanges this Monday. In the grey market, its shares are trading at a premium of Rs 1,225. Based on the upper price band of Rs 1,503, the stock is projected to list with an 81% premium over the issue price. If current trends continue, the listing could fall slightly below expectations, as the grey market premium (GMP) has dropped from over 100% just two days ago. However, it's important to remember that grey market premiums are simply indicators of how the company's shares are performing in the unlisted market and can fluctuate quickly.
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Waaree Energies IPO Listing Live Updates: Waaree Energies shares to list on exchanges today. Here's what GMP indicates
Waaree Energies shares are set to debut on the stock exchanges today. In the grey market, the company shares are trading at a premium of ₹1,225. Based on the upper price band of ₹1,503, the stock is expected to list with an 81% premium over the issue price.
Waaree IPO Listing Today Live: Waaree Energies GMP falls ahead of listing. Are multibagger hopes in vain?
The shares of Waaree Energies are set to debut on the stock exchanges today. In the grey market, the company shares are trading at a premium of Rs 1,225. Based on the upper price band of Rs 1,503, the stock is anticipated to list at a premium of 81% over its issue price.
Waaree IPO Listing Today Live: Low debt, backward integration plans make Waaree a long-term opportunity
Waaree Energies, the country’s largest manufacturer of solar photovoltaic modules, plans to raise ₹3,600 crore through fresh equity to partially fund a new manufacturing facility. Additionally, the company aims to raise up to ₹721 crore through an offer for sale. Following the IPO, the promoter group's stake is expected to decrease from 71.8% to 64.3%.
Waaree IPO Listing Today Live: Waaree Energies little-known subsidiary electrified D-Street with 66,000% return. Will the success story repeat?
As Waaree Energies grabs headlines with its high-profile IPO, its lesser-known subsidiary, Waaree Renewables Technologies, has already made a significant impact on the market, delivering remarkable returns in recent years.
Waaree Renewables, listed on the BSE SME platform, has skyrocketed over 66,000% in the past five years. In just the last year alone, the stock has surged more than 500%, showcasing its impressive growth trajectory.
Waaree Renewables, listed on the BSE SME platform, has skyrocketed over 66,000% in the past five years. In just the last year alone, the stock has surged more than 500%, showcasing its impressive growth trajectory.
Waaree IPO Listing Today Live: Waaree Energies GMP suggests robust listing, but long term rewards are equally promising
As the share allotment is finalized, the market is eagerly anticipating the debut of Waaree Energies next week, with its shares commanding a significant premium in the grey market.
Waaree IPO Listing Today Live: Waaree Energies IPO listing and 5 more factors that will steer D-Street this week
D-Street will be closely watching the listing of Waaree Energies' stock on Monday. The Rs 4,321 crore IPO saw a tremendous response from investors, with total bids reaching Rs 2.41 lakh crore. The IPO was oversubscribed 76 times overall, with the institutional category receiving 208 times the bids, and the non-institutional investors' portion subscribed 62 times.
Waaree IPO Listing Today Live: How Waaree Energies is ready to be a composite energy solution company in next 3 years
Waaree has evolved alongside the changing global landscape. Initially, the company focused on exporting solar panels to Europe. Around the same time, the Indian market began to expand, spurred by the Gujarat solar mission, which created a sudden demand for large-scale installations domestically. Waaree quickly became the first to initiate EPC (Engineering, Procurement, and Construction) projects. Today, it is known as Waaree Renewable Technologies, reflecting its broader focus on renewable energy solutions.
