Waaree Energies IPO: Strong Listing Expected with High GMPDefault Banner

Waaree Energies IPO: Strong Listing Expected with High GMP

Writer
Shivani Nyati
Status
online
Timer
October 28, 2024

Shivani Nyati, Head of Wealth at Swastika Investmart, anticipates a strong listing for Waaree Energies, driven by its impressive grey market premium. Based on GMP trends, she expects the stock to list at approximately Rs 3,063, representing a notable gain of Rs 1,560 above the issue price of Rs 1,503. The IPO has also witnessed strong demand, with an overall subscription rate of 79.44 times, highlighting significant investor interest.

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