Waaree Energy is set to make a strong debut in the Indian stock market with its upcoming Initial Public Offering (IPO). Investors are showing immense interest due to the attractive grey market premium and high listing gain expectations.
Waaree Energy IPO Overview
- IPO Dates: 21st October to 23rd October
- IPO Price: ₹1500
- Grey Market Price: ₹2700
- Grey Market Premium: ₹1200
Listing Gain Expectations
Waaree Energy’s IPO is anticipated to deliver significant listing gains, with an expected return of 80%. Investors are eagerly awaiting the listing as market sentiment surrounding this IPO remains highly positive.
Issue Size and Financials
- Issue Size: ₹3000 Cr
- Price-to-Earnings (PE) Ratio Expected: 30
- Post Listing PE Ratio: 60
- Return on Equity (ROE): 31%
- Profit After Tax (PAT): ₹1200 Cr
Key Highlights of Waaree Energy IPO
- Shareholder Quota: Not applicable
- Listing Gain: Strong potential for a bumper listing, with investors looking forward to substantial profits.
Investor Strategy
With the festive season approaching and the Diwali Mega IPO on the horizon, investors are advised to hold cash in anticipation of more market opportunities. Waaree Energy’s IPO offers an exciting prospect for those looking to capitalize on listing gains.
Tags: Waaree Energy IPO, Grey Market Premium, Bumper Listing, IPO Updates, Stock Market News
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