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.

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