The Waaree Energies IPO has attracted massive interest, being subscribed over 76 times as of Day 3. The price band for the shares is set between ₹1,427 and ₹1,503.
The company aims to raise ₹4,321.44 crore at the upper price limit. Bidding started on October 21 and ends today, October 23. The initial public offering, focused on solar PV modules, has seen the Qualified Institutional Buyers (QIB) segment booked at an incredible rate of 208 times. Waaree Energies plans to list its shares on October 28. This strong demand reflects growing investor confidence in renewable energy sectors.