Waaree Energies’ Rs 4,321-crore IPO saw full subscription within two hours of opening on October 21. A leading solar energy company with a 12 GW PV module capacity, Waaree attracted strong investor interest. The grey market premium surged over 100% ahead of the IPO, indicating strong market sentiment.
Strong investor interest:
The IPO was fully subscribed within two hours of opening, indicating strong demand from investors.This suggests that investors are confident in the company’s future prospects and see value in its IPO.
Grey market premium surge:
The grey market premium surged over 100%, which is a strong indicator of positive market sentiment towards the IPO.This suggests that investors are willing to pay a premium to acquire shares in the secondary market before the official listing.
