GMP Soars on Final Day, With Strong Subscription Details
5 months ago

GMP Soars on Final Day, With Strong Subscription Details

India Today  

Waaree Energies' IPO continues to perform well, with the issue oversubscribed 30 times on the final day of bidding. The company is expected to raise Rs 4,321.44 crore through fresh issues and an offer-for-sale (OFS). The grey market premium (GMP) for Waaree is currently at 95%, suggesting a potential listing gain of nearly 95%. The company's strong financials, increasing demand for solar power, and favorable government policies are expected to drive future growth.

History of this topic

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