Waaree Energies Share Price IPO Listing Highlights: Its early Diwali on D-Street. The Waaree Energies IPO lists at a whopping 66% premium. After garnering significant interest Waaree Energies saw a cracker of a listing as well. The Street gave a strong response to the smart valuation and the company aimed to raise Rs 4,321.44 crore.
The IPO received bids worth Rs 2.42 crore. Retail buyers subscribed to the issue 11.27 times, while non-institutional investors (NIIs) subscribed 65.25 times.
The Waaree Energies IPO was open for subscription from October 21 to October 23. The book-running lead managers for the IPO included Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory and Securities (India), SBI Capital Markets, Intensive Fiscal Services, and ITI Capital. For live updates on Waaree Energies, follow our live blog.
The final day of the subscription witnessed a remarkable spike, with QIBs leading the way at 215.03 times. NIIs also showcased strong interest, subscribing at 65.25 times. Retail investors followed suit with an impressive 11.27 times subscription. Employees saw a subscription of 5.45 times, culminating in an overall total subscription of 79.44 times for the IPO.
The second day saw a significant increase in interest, especially from QIBs, which subscribed at 1.82 times. The NII category surged to 24.75 times, while retail subscriptions rose to 6.69 times. Employees maintained their interest at 3.30 times, resulting in a total subscription of 9.19 times by the end of Day 2.
On the first day of the Waaree Energies IPO, the subscription figures were relatively low, with the Qualified Institutional Buyers (QIB) subscribing at 0.08 times, and the Non-Institutional Investors (NII) at 8.22 times. Retail investors showed more interest, with a subscription rate of 3.34 times, while Employees (EMP) subscribed at 1.68 times, leading to a total subscription of 3.47 times.