Mon Oct 21 05:18:38 UTC 2024: **Important Points from the Article on Upcoming IPOs:**

1. **Upcoming IPO Openings:** Next week will see 9 companies, including Waaree Energies, launching their IPOs.

2. **Waaree Energies IPO Details:**
– Opens on: October 21, 2023
– Closes on: October 23, 2023
– Price Band: ₹1427 – ₹1503 per share
– Total IPO Size: ₹4,321.44 crore, including fresh shares worth ₹3,600 crore and ₹721.44 crore from Offer for Sale (OFS).

3. **Investment Requirement:**
– Minimum investment of ₹13,527 required for a lot size of 9 shares.
– This allows investors to participate in the company’s profits post-listing.

4. **Important Dates:**
– Allotment Process Begins: October 24, 2023
– Shares Credited to Demat Accounts: October 25, 2023
– Expected Market Listing Date: October 28, 2023

5. **Market Performance:**
– The IPO is already showing strong demand in the grey market, with a current Grey Market Price (GMP) of ₹1470, suggesting a potential listing price around ₹2973.

6. **Investment Advisory:** Investors are advised to consult market experts before participating in IPO investments.

This article highlights the strategic investment opportunity for those interested in the upcoming IPO market, particularly focusing on Waaree Energies.

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