Time: 2024-10-28
Waaree Energies is set to finalize the footing of allotment for its share on October 24, with bidder receive presentment by October 25. The Mumbai-establish solar company witness an exceeding response from investor during the command time_period. The initial_public_offering of Waaree Energies was open for command from October 21 to October 23, offer share in the monetary_value scope of Rs 1,427-1,503 per share with a batch size of nine share. The company successfully raise a sum of Rs 4,321.44 crore from its initial_public_offering, which include both fresh share gross_sales and offer-for-sale ( OFS ) of equity shares.
The issue was oversubscribed by an impressive 76.34 times, with qualify institutional bidder ( QIBs ) screening significant interest, oversubscribing their quota by 208.63 times. not-institutional investor ( NIIs ) also show keen interest, subscribe their allotment by 62.49 times. retail investor and employee subscribe to the issue 10.79 times and 5.17 times, respectively. The Grey market premium ( GMP ) for Waaree Energies experience a luminary addition, reach Rs 1,550-1,570, bespeak significant tax_return for investors.
brokerage have a favorable position on the initial_public_offering, mention strong fiscal performance, rise solar power demand, market share, growth potential, expansion plan, and reasonable evaluation. However, concern over raw material dependence on China, express player, and government policy change were foreground. Axis Capital, Jefferies India, IIFL Securities, Nomura Financial Advisory & Securities ( India ), SBI Capital Markets, Intensive Fiscal Services, and ITI Capital serve as book run lead director for the IPO.
investor who participate in the Waaree Energies initial_public_offering can check the allotment status on the Bombay Stock Exchange ( BSE ) web_site or the on-line portal of Link Intime India, the registrar for the issue. The registrar, a Sebi-register entity, is responsible for processing application, conducting allotment, and address investor question. To check the allotment status, investor need to supply their application number, PAN card Idaho, and follow the instruction_manual on the respective platform for accurate results.
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