Thu Oct 24 19:56:46 UTC 2024: **Summary of Waaree Energies Ltd. IPO News Article:**

– **Subscription Rate:** Waaree Energies Ltd.’s IPO was subscribed 76.34 times on the final day, with significant participation from institutional investors. The total IPO size is Rs 4,321.44 crore.

– **Bid Statistics:** The IPO received bids for approximately 1.61 billion shares against 2.11 million shares available.
– **Qualified Institutional Buyers (QIBs):** 208.63 times subscribed
– **Non-Institutional Investors:** 62.49 times subscribed
– **Retail Individual Investors (RIIs):** 10.79 times subscribed

– **Demand Details:** Waaree Energies received a record 97.34 lakh applications at the upper price band for a book-build issue.

– **Anchor Investors:** The company raised Rs 1,277 crore from anchor investors prior to the IPO.

– **IPO Structure:** The IPO includes a fresh issue of Rs 3,600 crore and an Offer For Sale (OFS) of 48 lakh equity shares worth Rs 721.44 crore, targeting an overall size of Rs 4,321.44 crore. The price band was set between Rs 1,427-1,503 per share.

– **Key Dates:** Allotment will be finalized on October 24, and shares are expected to be listed on the BSE and NSE on October 28.

– **Investment Advisory:** Interested investors can check their allotment status via Link Intime India Pvt. Ltd. and the BSE website, using their PAN or application number.

– **Grey Market Premium:** As of October 24, the grey market premium is Rs 1,560, indicating an anticipated listing price of Rs 3,063 per share, reflecting a 103.79% gain over the IPO price.

– **Use of Proceeds:** Funds from the fresh issue will be directed toward setting up a 6 GW manufacturing facility for solar components in Odisha and for general corporate purposes.

– **Company Overview:** Waaree Energies is a leading player in India’s solar energy sector, with an installed capacity of 12 GW across five manufacturing facilities in Gujarat and Uttar Pradesh.

– **Investment Advisory Note:** Caution is advised for potential investors as IPO investments are subject to market risks.

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