Waaree Energies' IPO receives 8.78 times subscriptions on Day 2 of offer

Waaree Energies Ltd has received significant interest in its IPO, with 8.78 times subscriptions by the second day. Non-institutional investors showed strong demand, and anchor investors secured Rs 1,277 crore. The IPO will help fund a new 6 GW solar manufacturing facility in Odisha. The company's market valuation is set to exceed Rs 4,300 crore post-issue.

Oct 23, 2024 - 00:00
Waaree Energies' IPO receives 8.78 times subscriptions on Day 2 of offer

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Waaree Energies Ltd has received significant interest in its IPO, with 8.78 times subscriptions by the second day. Non-institutional investors showed strong demand, and anchor investors secured Rs 1,277 crore. The IPO will help fund a new 6 GW solar manufacturing facility in Odisha. The company's market valuation is set to exceed Rs 4,300 crore post-issue.
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