Waaree Energies IPO subscribed 7.23 times

22 Oct 2024 , 03:10 PM

On October 22, the second day of bidding, Waaree Energies’ Rs 4,321-crore IPO saw high demand, as evidenced by the offering being oversubscribed 7.23 times. According to exchange data, investors placed bids for 15.2 crore shares, significantly more than the 2.1 crore shares that were available.

The IPO, which opened for public bidding yesterday, has received bids for 15,24,36,771 shares, much exceeding the 2,10,79,384 shares that are available.

Non-institutional investors (NIIs) demonstrated significant interest, subscribing 20.15 times the amount allotted to them, while retail individual investors oversubscribed the IPO by 5.86 times. The QIB portion was subscribed 19%.

On Monday, the first day of the share sale, the solar panel manufacturer’s IPO was subscribed for 3.29 times, thanks to the enthusiastic participation of retail and non-institutional investors.

According to NSE data, bids were received for 6,92,83,467 shares in the Rs 4,321.44 crore initial share sale, while 2,10,79,384 shares were offered.

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