Waaree Energies IPO: Check latest GMP, analyst views & more
Waaree Energies, which is set to launch its IPO, next week on Monday, October 21, has been able to attract a stellar demand in the grey market and analysts.
Waaree Energies, which is set to launch its IPO, next week on Monday, October 21, has been able to attract a stellar demand in the grey market. The solar PV module player has been able to draw interest from not just investors, but even the analysts even the price band was officially announced.
The unofficial market has been going gung-ho over the solar-theme player. Waaree Energies is commanding a grey market premium (GMP) of Rs 1,300-1,350, suggesting a listing pop of around 90 per cent over the upper end of the price band. The company's GMP may rise further as the issue inches closer.
Waaree Energies will be selling its shares in the price band of Rs 1,427-1,503 apiece. Investors can apply for a minimum of nine shares and its multiples thereafter. It is looking to raise Rs 4,321.44 crore via IPO, which includes a fresh share sale of Rs 3,600 crore and an offer-for-sale (OFS) of up to 48 lakh equity shares by its promoter and existing shareholder.
