A great initial public offering (IPO) is about to hit the stock market. The IPO will be listed on the stock market on October 28. Even before that, the IPO was making waves in the gray market. This suggests earnings per share of Rs 1,480 on the day of listing. The estimated listing price is 2,983 rupees per share, which is 98.47% higher than the pricing range. This means investors can double their money once their shares are listed.
The IPO we are talking about is the Waaree Energies IPO, and the company has been in the news. Today is the last chance to apply for this IPO. As of the last trading day, investors competed to bid, and the transaction volume was 79.44 times. The retail subscription ratio for this IPO was 11.27 times. Bookings in the QIB category were 215.03 and bookings in the NII category were 65.25.
The IPO will open on October 21
Waaree Energies IPO opened for subscription on October 21. The total size of this IPO is 4,321.44 billion rupees. In the IPO, Rs 240 crore worth of shares worth Rs 3,600 crore were issued through fresh issue. A total of 4.8 million equity shares worth Rs 721.44 crore were issued through OFS.
When will the shares be allotted?
This IPO will stop accepting subscriptions on October 23 (today). Now the allotment of shares for the Waaree Energies IPO can take place on October 24 and those who did not get shares will have their money returned to their accounts on the same day. Vaari Energies’ shares will be listed on BSE and NSE on October 28.
What is the price range?
The price range for the Waaree Energies IPO has been fixed at Rs 1,427 to Rs 1,503 per share. For a batch of 9 shares, retail investors have to invest at least Rs 13,527. While sNII must buy at least 15 lots in this IPO, bNII must buy 74 lots.
(Note: Before investing in any stock or IPO, please seek help from a financial advisor.)
