Waaree Energies Share Price Live Updates: GMP, experts signal strong listing

livemint.com:

₹4,321.44 crore, received bids for 1,60,91,70,633 shares against the 2,10,79,384 shares that were available, according to data from the BSE.The segment allocated for Qualified Institutional Buyers (QIBs) saw an impressive 208.63 times subscription. Non-institutional investors subscribed 62.49 times, while Retail Individual Investors (RIIs) achieved a subscription rate of 10.79 times.This initial offering recorded one of the highest numbers of applications, totalling ₹97.34 lakh.

Overall, the public offer attracted a subscription amount exceeding ₹2.41 lakh crore.Stay tuned for more updates Waaree Energies IPO GMP today is +1,275. This indicates Waaree Energies share price was trading at a premium of ₹1,275 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Waaree Energies share price is indicated at ₹2,778 apiece, which is 84.83% higher than the IPO price of ₹1,503.According to the grey market activities over the past 15 sessions, today's IPO GMP is showing an upward trend, suggesting a robust listing.

The minimum GMP recorded is ₹0, while the maximum reaches ₹1,590, as reported by experts at investorgain.com.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!