Waaree Energies' IPO has received an overwhelming response, with 97.34 lakh applications and a subscription rate of 76.34 times. The three-day share sale concluded with bids for 160 crore shares against 2.10 crore shares available, raising Rs 4,321.44 crore.
The company also secured Rs 1,277 crore from anchor investors before the public offering. The IPO's price band is set between Rs 1,427 and Rs 1,503 per share, and the grey market premium (GMP) reached Rs 1,500 to Rs 1,510 last week, indicating a potential listing gain of over 100 percent.
The allotment results are expected to be announced today, and investors are eagerly awaiting them.