The Waaree Energies IPO has made headlines for its record-breaking performance in the Indian primary market. As of the third day of bidding, the initial public offering has garnered an unprecedented 97.34 lakh applications, surpassing previous records set by notable companies like Tata Tech and Bajaj Housing Finance. This remarkable response highlights the strong investor interest in the solar energy sector, especially given Waaree’s impressive fundamentals and growth strategies.
Waaree Energies IPO 2024
Initiated on October 21, the IPO is set to close today, October 23, with a price band of ₹1,427 to ₹1,503 per share. The public offering aims to raise ₹4,321.44 crore, which will be utilized for expanding manufacturing capacities and other corporate purposes. Market analysts remain bullish, attributing the overwhelming subscription numbers to Waaree Energies’ established reputation and anticipated growth trajectory in the renewable energy landscape.