Waaree Energies' IPO grey market premium (GMP) has skyrocketed over 85%, indicating strong investor interest just days before its launch. The GMP now ranges between Rs 1250 and Rs 1280, reflecting positive sentiment in the unofficial market.
The company has set the price band for its shares between Rs 1427 and Rs 1503. The IPO will open for subscription from October 21 to October 23, with anchor bidding starting on October 18. Share allotments will be finalized on October 24, and investors can expect refunds and shares in their demat accounts by October 25. Waaree Energies is set to debut on the stock market on October 28