IPOStock Market

Waaree Energies IPO: Key Details, Investment Opportunities and Day 1 Subscription Figures

The Waaree Energies Limited IPO opened for subscription on October 21, 2024, with a price band set between ₹1,427 and ₹1,503 per share. Investors are keenly watching this offering, which presents a potential opportunity for significant listing gains.

This article outlines key details, investment opportunities, and the subscription figures from Day 1.


Waaree Energies IPO Details

  • Issue Open Date: October 21, 2024
  • Issue Close Date: October 23, 2024
  • Price Band: ₹1,427 – ₹1,503 per share
  • Minimum Bid Lot:
    • Retail: 9 shares
    • Non-Institutional Investors (NII) – ₹2 to ₹10 Lakhs: 135 shares
    • NII – Above ₹10 Lakhs: 666 shares
  • Net Issue Size: ₹3,008 Cr – ₹3,045 Cr

Day 1 Subscription Figures

As of October 21, 2024, at 5:05 PM, the subscription levels across various investor categories are as follows:

Institutional Investors (QIB)

  • Shares Offered: 58,37,757 (Lower Band) | 56,63,925 (Upper Band)
  • Shares Bid: 4,60,350
  • Subscription: 0.08x at both price bands

Non-Institutional Investors (NII)

  • Shares Offered: 44,35,838 (Lower Band) | 42,47,945 (Upper Band)
  • Shares Bid: 3,58,84,062
  • Subscription:
    • NII – Above ₹10 Lakhs: 7.86x (Upper Band)
    • NII – ₹2 to ₹10 Lakhs: 10.07x (Upper Band)

Retail Investors (Individual)

  • Shares Offered: 1,03,50,288 (Lower Band) | 99,11,870 (Upper Band)
  • Shares Bid: 2,38,49,010
  • Subscription: 2.40x at Upper Price Band

Employees

  • Shares Offered: 4,55,501 (Lower Band) | 4,32,468 (Upper Band)
  • Shares Bid: 7,15,959
  • Subscription: 1.66x at Upper Price Band

Investment Opportunities

Retail Investment Breakdown

For retail investors, the Waaree Energies IPO offers an attractive investment opportunity:

  • Investment Amount: ₹13,527
  • Expected Return: ₹27,054

SHNI Investment Breakdown

SHNI (Small High Net-worth Individual) investors can expect high returns:

  • Investment Amount: ₹2,02,905
  • Expected Return: ₹4,05,810

The Waaree Energies IPO is off to a strong start with impressive Day 1 subscription figures, especially among non-institutional investors.

With high demand across categories, investors are urged to act quickly to take advantage of the potential listing gains and long-term growth opportunities.


Tags: Waaree Energies IPO, IPO news, Waaree IPO subscription, retail investors, NII investors, QIB investors, listing gains, IPO returns, stock market news

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