Waaree Energies IPO GMP
Waaree Energies IPO GMP : The IPO you’ve been waiting for, Waaree Energies, is finally opening up to investors from October 21 to October 23, 2024. This renewable energy company is making waves with its solar PV modules—and with India pushing toward a greener future, Waaree’s timing seems perfect. The company has an impressive setup with a manufacturing capacity of 12 GW spread across Gujarat and has an order backlog of 16.66 GW as of June 2024. That’s some serious demand!
With a price band of ₹1,427 to ₹1,503 per share and a Grey Market Premium (GMP) hovering at ₹1,425, the excitement is real. But don’t just look at the GMP; there are a lot of other factors you need to consider before you dive in.
The total IPO size is pegged at ₹4,321.44 crore, with a fresh issue of ₹3,600 crore and an offer for sale (OFS) of 48 lakh shares. If you’re a retail investor, you can apply for a minimum of 9 shares, which will cost you ₹13,527 at the upper range of the price band.
So, should you invest? Keep reading to learn more about the risks and rewards of this solar energy giant.
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