Waaree Energies IPO
Solar PV Modules - Listed on 28 October 2024
Waaree Energies IPO listing summary
Waaree Energies (Solar PV Modules) closed its IPO window in 2024 and listed on NSE and BSE on 28 October 2024 at an upper band issue price of Rs 1503, opening at Rs 2338.97 for a listing gain of +55.6% and closing day one at Rs 2338.97 (+55.6% on closing basis). The IPO was subscribed 79.44x overall - QIB 215.03x, HNI/NII 65.25x, Retail 11.27x. The total issue size was Rs 4,321.44 Cr (Fresh Issue Rs 3600 Cr, OFS Rs 721.44 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Waaree Energies IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 45 | +98.47% |
| Day 2 | Rs 45 | +93.15% |
| Day 3 | Rs 55 | +86.49% |
| Day 4 | Rs 60 | +79.84% |
| Day 5 | Rs 55 | +79.84% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Waaree Energies IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Waaree Energies IPO - FAQs
What was the listing gain of Waaree Energies IPO?
Waaree Energies IPO listed at +55.6% versus the upper issue price of Rs 1,503 on 28 October 2024.
How many times was Waaree Energies IPO subscribed?
Waaree Energies IPO was subscribed 79.44x overall. QIB portion was subscribed 215.03x, HNI / NII 65.25x and Retail 11.27x.
What was the IPO GMP for Waaree Energies?
IPO GMP started at Rs 45 on Day 1 and moved to Rs 55 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.