Waaree Energies, India's largest manufacturer and exporter of solar PV modules, is gearing up for an exciting IPO.
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๐น IPO Price Band: Set at โน15,300, with strong market anticipation.
๐น Fundraising Goal: The company aims to raise โน4,300 crores, primarily to fund the development of a 6GW manufacturing facility in Odisha.
๐น Impressive Growth: Waaree Energies reported a quadrupling of profits last year, reaching โน1,300 crores—demonstrating their leadership in the solar sector.
๐น Grey Market Premium (GMP): The buzz is real, with Waaree Energies’ GMP soaring over 100%, reflecting strong investor interest.
Is this IPO on your radar? Will you be applying? ๐ฌ Share your thoughts below!
In video: Shrey Kakade
With inputs from agencies
Image Source: Multiple agencies
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