Waaree Energies Stock Price Live Updates: Waaree Energies is scheduled to start trading on the stock exchanges today at 10:00 IST. The company’s initial public offering, aimed at producing solar panels, was oversubscribed 76.34 times on the final day of stock sales on Wednesday, October 23, due to strong interest from institutional investors.
The initial share sale worth Rs 4,321.44 crore saw bids for 1,69,170,633 shares against the available 2,179,384 shares, according to BSE data.
The segment allocated to Qualified Institutional Buyers (QIB) saw a whopping 208.63 subscriptions. Non-institutional investors achieved a subscription rate of 62.49x and retail individual investors (RII) achieved a subscription rate of 10.79x.
This first call saw one of the highest number of applications ever, totaling Rs 97.34 million. Overall, the call attracted applications of over Rs 2.41 crore.
Stay tuned for future updates
Oct 28, 2024, 12:22:22 PM IST
Waaree Energies Stock Price Live Update: Demand remains strong, Waaree Energies CEO Amit Paitankar said in an interview
Waaree Energies CEO Amit Paitankar said in an interview with CNBC TV18 that demand remains very strong in the two market segments the company is involved in. Our main markets are India and the US, and demand is strong in both regions. . Mr. Paitankar referred to a total order book of 16.67 GW, which continues to grow and has a very solid composition, featuring large export orders and a large number of orders within India. . Therefore, the mix is good and demand remains strong.
October 28, 2024, 11:52:38 AM IST
Waaree Energies stock price live update: A blow for investors who brought in the gray market, says Arun Kejriwal
It has certainly been a lackluster listing, said Arun Kejriwal, founder of Kejriwal Research and Investment Services. The gray market fluctuated between ₹1200 and 1500. It traded at a premium. Broadband was ₹1200 to ₹1500. With a premium of ₹1200, the price should be ₹2700 and with a higher premium, it should reach ₹3000. Currently, the highest price is hovering around ₹2600 and the lowest price is around ₹2300. This is a blow to investors who brought in the gray market. Investors should pay attention to price stability in the second half.
October 28, 2024, 11:35:43 AM IST
Waaree Energies stock price live update: Stock check
The stock was trading at ₹2,491.50 per share on the NSE, down 0.34% as at 11:34 IST and down around 2.26% at ₹2,492.45 per share on the BSE.
October 28, 2024, 11:12:57 AM IST
Waaree Energies stock price live update: Long-term investors can ‘hold’ the stock… says Prashanth Tapse
“As we are listed at ₹2550, we believe we can deliver healthy returns after listing.We believe that long-term investor demand will continue to be a counter to sector demand and expansion plans, and government We believe this is an opportunity for India’s largest solar PV module manufacturer supported by favorable policies and low incentive (PLI) regime, while we recommend ‘hold’ for long-term investors, while short-term investors will benefit. You can look for a target anywhere between ₹2750-2800 for confirmation. If it arises due to market scenario and profit-taking attempts, you can try to make a fresh accumulation somewhere between ₹2200-2300. ” said Prashanth Tapse, Senior VP Research – Research Analyst, Mehta Equities Ltd.
October 28, 2024, 10:55:37 AM (IST)
Waaree Energies stock price live updates: Investors may consider booking a portion of their profits here, says Shivani Nyati, head of wealth, Swastika Investmart Ltd
“Overall, Waaree Energies Limited had a strong listing of 2509 companies, reflecting investors’ confidence in the company’s growth potential and financial stability. Investors can secure a portion of their profits here. Those who want to hold for the long term may keep their stop loss at 2,000,” Nyati said.
October 28, 2024, 10:33:53 AM (IST)
Waaree Energies stock price live update: Experts say you should consider owning the stock for the medium to long term
Stockbox Research Analyst Sagar Shetty said Warley Energies made an impressive debut on the bourses today, opening at a 70% premium above its upper price range.
The company’s global expansion, competitive pricing, and strong order book ensure revenue stability, business continuity, and sustainable growth while optimizing sourcing and supply chain costs worldwide. Masu. Therefore, we recommend that investors who allocate shares consider holding positions from a medium- to long-term perspective.
October 28, 2024, 10:27:06 AM IST
Waaree Energies stock price live updates: Check out the company’s listed peers
The company’s listed peers are Websol Energy System Ltd and Premier Energies Ltd (PER 151.13).
October 28, 2024, 10:09:06 AM (IST)
Waaree Energies stock price live update: Share price in the red after strong listing
Warli Energies share price fell nearly 4% on the NSE following the blockbuster listing. At 10:06 IST, Premier Energies’ share price was trading at ₹2,402, while on the BSE, the stock was down over 7% to trade at ₹2,360.30.
October 28, 2024, 10:00:03 AM (IST)
Waaree Energies stock price live updates: Stock makes big debut, opens at 66.33% premium on ₹ron NSE
Waaree Energies’ share price made an impressive debut on the stock exchange today. On NSE, Waaree Energies’ share price opened at ₹2,500 per share, 66.33% above the issue price of ₹1,503. Following the BSE, Waaree Energies share price today opened at ₹2,550 per share, an increase of 69.66% from the issue price.
October 28, 2024, 9:47:27 AM IST
Waaree Energies Stock Price Live Updates: Check Company Details
Founded in December 1990, Waaree Energies Limited is an Indian company that manufactures photovoltaic modules and operates with a total installed capacity of 12 GW. Our solar energy product range includes polycrystalline modules, monocrystalline modules, and TopCon modules. TopCon modules consist of flexible double-sided modules (Mono PERC) in both framed and frameless versions. It also includes building-integrated photovoltaic (BIPV) modules.
October 28, 2024, 9:33:47 AM IST
Waaree Energies Stock Price Live Updates: Check out the key details of the issue
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October 28, 2024, 9:27:27 AM IST
Waaree Energies Stock Price Live Update: Waaree Energies Receives Record Response from Investors
The number of applications (Rs. 97.34 million) and demand (Rs. 2.41 billion) for IPOs in the upper price band hit record highs, with net issuance reaching Rs. 200 million. 4,321 billion rupees (excluding 1276.93 billion rupees in anchor investor segment).
Waaree Energies Limited has become the most filed company in IPO history, surpassing previous records held by Bajaj Housing Finance, Tata Technologies and LIC IPO.
The interest shown in this IPO reflects the optimism and confidence investors have in Waaree Energies Limited’s strong fundamentals and its next phase of growth, supported by a well-structured business plan. reflects the expectations of
October 28, 2024, 9:19:13 AM IST
Waaree Energies stock price live updates: Here’s everything you need to know about this issue
The company plans to raise up to Rs 3,600 crore through an initial public offering by issuing new shares. Additionally, an offer will be made to sell up to 4,800,000 shares at a face value of ₹10.
As stated in the Red Herring Prospectus (RHP), promoter Waaree Sustainable Finance Private Ltd and shareholder Chandurkar Investments Pvt Ltd are selling OFS shares.
The lead managers for Waaree Energies IPO are Axis Capital Limited, Iifl Securities Ltd, Jefferies India Private Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and Iti Capital Ltd. are connected. Further, Link Intime India Private Ltd is acting as the Registrar in this matter.
October 28, 2024, 9:11:57 AM IST
Waaree Energies stock price live update: Investors with a short-term horizon may consider booking a portion of the gains…experts say
Waaree Energies is expected to make a strong debut on the back of a remarkable gray market premium (GMP) of 103.79%, said Shivani Nyati, Head of Wealth at Swastika Investmart Ltd. Considering this, the stock price is expected to debut around ₹3,063, implying a significant increase of ₹1,560 from the issue price of ₹1,503. The IPO also attracted significant interest, with an overall oversubscription rate of 79.44 times, highlighting strong investor demand.
For the allottees, holding the stock for the long term could be a good strategy given Warley Energies’ growth potential in the renewable energy space. However, investors with a short-term view may consider booking some profits on the day of listing, especially if the stock price rises significantly.
October 28, 2024, 8:53:41 AM (IST)
Waaree Energies Stock Price Live Update: Post-listing valuation may be inflated… says Prashanth Tapse of Mehta Equities Ltd.
Despite the market decline, Warli Energies received the strongest performance from all investors primarily driven by QIB, according to Research Analyst Prashanth Tapse, Senior Vice President of Research at Mehta Equities. After receiving the application response, they bid a whopping 215 times their offer, followed by retail investors who bid 65 times their offer. .
Given the strongest subscription demand and the importance of the sector, there are chances and signs of a blockbuster market debut that is likely to justify the demand and double the funds allocated to investors on the first day of listing. Allocated investors are advised to book a profit as we believe the post-listing valuation could be significantly higher, discounting all medium-term business growth prospects.
October 28, 2024, 8:40:41 AM IST
Waaree Energies share price live update: Here’s what GMP is suggesting ahead of listing
Waaree Energies IPO GMP today is +1,275. According to investorgain.com, this shows that Waaree Energies’ share price is trading at a premium of ₹1,275 in the gray market.
Considering the upper end of the IPO price range and the current premium in the gray market, Waaree Energies’ estimated listing price is shown at ₹2,778 per share, which is 84.83% higher than the IPO price of ₹1,503.
Based on gray market activity over the past 15 sessions, IPO GMP is trending higher today, suggesting a solid listing. As reported by experts at investorgain.com, the lowest recorded GMP value is ₹0, while the highest value reaches ₹1,590.
A “gray market premium” indicates that investors are willing to pay more than the issue price.
Disclaimer: The opinions and recommendations expressed above are those of individual analysts, experts, and brokerages and not of Mint. We recommend checking with a certified professional before making any investment decisions.
