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Waaree Energies IPO GMP Price: Today is a very special day for investors who subscribed to Waaree Energies. Shares will be allotted today to the investors who subscribed to the IPO. This IPO, which opened on Monday, October 21, closed on Wednesday, October 23. The company’s IPO received tremendous support from investors. Waaree Energies’ IPO received a total subscription of 79.44 times. QIB subscribed the most for this IPO at 215.03 times while retail investors subscribed 11.27 times.
The company is raising Rs 4,321.44 crore from IPO
Wari Energies has fixed a price band of Rs 1427 to Rs 1503 for each share under its IPO A total of Rs 4,321.44 crore is going to be raised through this IPO. In this, 2,39,52,095 new shares worth Rs 3,600.00 crore will be issued. While the promoters of the company will issue 48,00,000 shares worth Rs 721.44 crore through OFS.
The company will be listed in the stock market on October 28
This is a mainboard IPO, which will be listed on both major exchanges BSE and NSE. After the allotment of shares today, the shares will be credited to the demat accounts of investors on Friday, October 25 and then finally the company will be listed on the stock market on Monday, October 28.
Company shares boomed in the grey market.
Due to the overwhelming response received by Wari Energies from investors, the company’s shares are also making a splash in the grey market. According to the website that tracks the grey market premium (GMP) of shares, today i.e. Thursday, 24 October, the GMP price of Wari Energies shares is Rs 1560 (103.79 percent). Let us tell you that on Wednesday also the GMP price of Wari Energies shares was Rs 1560. This is the highest premium for the company’s shares so far.
