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
