Sun Oct 27 07:47:33 UTC 2024: ## Waaree Energies IPO Allotment Announced, Listing Scheduled for Monday
**Mumbai, India** – Waaree Energies IPO allotment status was made public on Friday, with the listing date set for Monday, October 28th. Investors can begin trading the company’s shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) at 10:00 AM.
Despite weak market sentiment, the grey market premium (GMP) for Waaree Energies has surged to ₹1591, indicating potential for strong gains for lucky allottees. This signifies a 106% premium over the upper price band of ₹1503, with the grey market predicting a listing price of around ₹3,094.
However, stock market experts caution against relying solely on the grey market as an indicator of potential listing gains. They emphasize the importance of thorough due diligence and company analysis, advising investors to stick to their own convictions based on company financials before making investment decisions.
The BSE has confirmed the listing of Waaree Energies shares on Monday, October 28th, under the ‘B’ Group of Securities.
**Disclaimer:** The views and recommendations expressed in this article are those of individual analysts, experts, and brokerage firms, and not Mint. Investors are advised to consult with certified experts before making any investment decisions.
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