Waaree Energies IPO: GMP Soars as ₹4,321 Crore Offering Opens Next Week – Key Dates, Price, and All You Need to Know

The IPO of Waaree Energies Limited will be available to the public from 21st to 23rd October 2024. The company is offering its shares at a price range of ₹1427 to ₹1503 per share. This IPO includes both fresh shares and shares being sold by existing investors through an Offer for Sale (OFS). Waaree Energies aims to raise ₹4,321.44 crore in total, with ₹3,600 crore from the new shares and ₹721.44 crore from the OFS.

Ahead of the IPO launch, Waaree Energies shares are already being traded in the grey market at a high premium. According to market watchers, these shares are currently trading at a premium of ₹1,426.

Key Details About Waaree Energies IPO:

1. Grey Market Premium (GMP): The company’s shares are trading at a premium of ₹1,426 in the grey market.
2. IPO Dates: The IPO will be open from Monday, 21st October to Wednesday, 23rd October 2024.
3. Price Range: The price for each share is set between ₹1427 and ₹1503.
4. IPO Size: The company plans to raise ₹4,321.44 crore through this IPO, which includes both fresh shares and an OFS.
5. Lot Size: Investors can bid in lots, with one lot consisting of nine shares.
6. Allotment Date: The expected date for share allotment is Thursday, 24th October 2024.
7. IPO Registrar: Link Intime India Private Limited is managing the IPO process.
8. Lead Managers: Axis Capital, IIFL Securities, Jefferies India, Nomura, SBI Capital Markets, Intensive Fiscal Services, and ITI Capital are leading the IPO.
9. Listing: The company plans to list its shares on both the BSE and NSE. Based on the ‘T+3’ rule, the shares are likely to begin trading on 28th October 2024.
10. Company Performance: Waaree Energies reported a total income of ₹11,632.76 crore. Its Net Asset Value (NAV) is ₹154.96, Price to Earnings (PE) ratio is 30.87, and Return on Capital Employed (ROCE) is 21.89%. It will compete with companies like Websol Energy Systems and Premier Energies Ltd after listing.

This article provides a simple breakdown of the Waaree Energies IPO, offering key information for potential investors.