Waaree Energies IPO opens for subscription, IPO GMP Today, Lot size, Subscription Status

Dear investors check out here Waaree Energies IPO GMP Today. We regularly update Grey Market Premium Today About all IPO. Waaree Energies IPO GMP today is ₹1375. Waaree Energies IPO is open on Monday, October 21, 2024. and close on Wednesday, October 23, 2024. Waaree Energies’s IPO total issue size is 28,752,095 shares (aggregating up to ₹4,321.44 Cr), and Waaree Energies’s IPO price is ₹1427 to ₹1503 per share. The IPO will be listed on BSE and NSE Waaree Energies IPO listing on Monday, October 28, 2024.

Waaree Energies IPO Date

IPO Open Date: Monday, October 21, 2024
IPO Close Date: Wednesday, October 23, 2024
Basis of Allotment: Thursday, October 24, 2024
Initiation of Refunds: Friday, October 25, 2024
Credit of Shares to Demat: Friday, October 25, 2024
Listing Date: Monday, October 28, 2024
Cut-off Time for UPI Mandate Confirmation: (specific time to be determined

Waaree Energies Limited About

About Waaree Energies Limited

Founded: December 1990
Industry: Solar PV module manufacturing
Total Capacity: 12 GW of solar power modules

Product Portfolio: Waaree Energies produces different types of solar PV modules, including:

Multicrystalline modules
Monocrystalline modules
TopCon modules include flexible bifacial modules (Mono PERC) that can be framed or unframed, as well as building-integrated photovoltaic (BIPV) modules.

Manufacturing Facilities: As of June 30, 2023, the company operates four manufacturing plants in Gujarat, India, covering 136.30 acres. The plants are located in Surat, Tumb, Nandigram, and Chikhli.

Tumb facility: Certified with ISO 45001:2018 and ISO 14001:2015 for solar PV manufacturing, marketing, and installation.
Chikhli facility: Certified with ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015.

The company follows various safety standards for its PV modules. Customer Base: From March 31, 2021, to June 30, 2023, Waaree Energies served the following number of customers:

In India: 1,381 (2021), 716 (2022), 566 (2023), 373 (as of June 30, 2023)
Outside India: 31 (2021), 26 (2022), 33 (2023), 20 (as of June 30, 2023)

Competitive Strengths:

Largest solar PV module manufacturer in India
Broad customer base in India and internationally, with a strong order book
Advanced manufacturing facilities with global certifications
Wide retail network across India
Strong financial track record
Experienced management team

As of June 30, 2023, Waaree Energies had 1,019 full-time employees.

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Waaree Energies IPO GMP Today Price | Gray Markets Price Today

Per the last update on October 23, 2024, at 10:00 AM, the latest GMP (Gray Markets Price) for Waaree Energies IPO is ₹1375. The base price of the IPO is ₹1503.00, with an estimated listing price of ₹2878 (91.48%)(cap price + today’s GMP). This suggests an expected profit/loss per share of 91.48%.

Waaree Energies IPO GMP Today

Date	GMP	Price	Kostak	Subject to
23-10-2024	₹1375	₹1503.00	₹11100	₹141000
22-10-2024	₹1375	₹1503.00	₹11100	₹141000
21-10-2024	₹1500	₹1503.00	₹11100	₹141000
20-10-2024	₹1510	₹1503.00	₹11100	₹141000

Waaree Energies IPO Subscription Status

Waaree Energies IPO Subscription Status Live: Waaree Energies IPO has garnered 09.19 times its subscription rate. The retail category saw a subscription rate of 6.69 times.

Waaree Energies IPO Subscription Status Live today

Here are the subscription details for Waaree Energies IPO (in times) on different days:

- Total: 9.19

- Total: 3.47

Day 2: October 22, 2024

- QIB (Qualified Institutional Buyers): 1.82

- NII (Non-Institutional Investors): 24.75

- Retail: 6.69

- Total: 9.19

Total Application: 5,325,837 (4.84 times) Day 1: October 21, 2024

- QIB (Qualified Institutional Buyers): 0.08

- NII (Non-Institutional Investors): 8.22

- Retail: 3.34

- Total: 3.47