Waaree Energies IPO Subscription Details on Day 1

21 Oct 2024 , 11:11 AM

Waaree Energies IPO will open for subscription on 21st October 2024 and will close on 23rd October 2024. The price band for the IPO has been set between ₹1427 to ₹1503 per equity share. The total size of the IPO is ₹4,321.44 Crore, with ₹3,600 Crore being raised through fresh share issuance and ₹721.44 Crore via the Offer for Sale (OFS) route. Investors can apply in lots, with one lot consisting of 9 shares. Click here to subscribe Waaree Energies IPO.

As of 11:02 AM on the first day of bidding, the IPO has been subscribed 0.62 times overall. The retail portion of the issue has been subscribed 0.67 times, while the non-institutional investor (NII) portion has been subscribed 1.32 times.

Link Intime India Private Limited has been appointed as the official registrar for the IPO. Lead managers for the IPO include Axis Capital, IIFL Capital Services, Jefferies India, Nomura, SBI Capital Markets, Intensive Fiscal Services, and ITI Capital. The allotment of shares is expected to take place on 24th October 2024.

The IPO is proposed to be listed on the BSE and NSE, with the likely listing date being 28th October 2024.

Waaree Energies reported a total income of ₹11,632.76 Crore. The NAV of the public issue is ₹154.96, with a PE ratio of 30.87 and a Return on Capital Employed (ROCE) of 21.89%. Post listing, Waaree Energies will compete with peers like Websol Energy Systems and Premier Energies Ltd.