Waaree Energies shares surge 80% over issue price post 12% gains today
Waaree Energies' shares zoomed 12% in today’s intraday session to a new record high of Rs 2,718, marking the fourth consecutive day of gains with strong trading activity.
Following a strong debut at a premium of Rs 1,047 or 70%, the stock has surged over 80% from its issue price of Rs 1,503 per share.
The stock debuted at Rs 2,550 on the BSE.
The Rs 4,321 crore IPO had received an overwhelming response, attracting bids of Rs 2.41 lakh crore and receiving 97.34 lakh applications—the highest for any IPO in India's primary market history.
The overall subscription stood at 76 times at close, driven by 208 times subscription in institutional category and 62 times subscription in non-institutional investors' portion.
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