Waaree Energies Stocks, Waaree Energies Share Price, Waaree Energies IPO listing October 29, 2024: Shares of Waaree Energies were listed on bourses Monday at a premium of 66-70% over issue price on the NSE and BSE. The IPO generated a strong response from all categories of investors, especially institutional investors, who subscribed 76.4 times.
Waaree Energies’ listing: What should investors do?
Waaree Energies (Waaree) made a power-packed listing today with the shares making a more-than-decent debut at ₹2,550, a 69.7 per cent premium over its IPO issue price of ₹1,503. While it has given up some of the gains in further trading, at the time of publishing this article it was trading at ₹2,375 which still represents a solid 58 per cent increase over the IPO price.
The demand for the issue was strong, with the offer getting subscribed around 76 times. The applications received against it were around 97.3 lakh in number – the highest-ever number of applications received against a public issue in India.
ALL UPDATES
- October 29, 2024 15:39
Waaree Energies stock closing figures: Shares gain nearly 2%
Shares of Waaree Energies gained 1.70% on the NSE as at ₹2,378.65. On the BSE, the stock closed 1.89% higher at ₹2,381.
- October 29, 2024 15:04
Waaree Energies stock outlook as at 3 pm
Waaree Energies stock rose 2.53% on the NSE to ₹2,398 as at 3 pm. On the BSE, the stock was up 2.66% to trade at ₹2,398.90.
- October 29, 2024 14:57
Stock market today: Sensex, Nifty 50 recovers
Track bl’s stock market live updates here
- October 29, 2024 14:07
Waaree Energies share price today: Shares up 3%
Shares of Waaree Energies gained 3.21% on the BSE, trading at ₹2,411.80 as at 2.06 pm.
- October 29, 2024 13:14
Waaree Energies stock rose 2.95% on the NSE to trade at ₹2,408 as at 1.14 pm.
- October 29, 2024 12:06
Waaree Energies share price today: Shares up 5% intra-day
Waaree Energies stock gained 4.81% on the NSE to trade at ₹2,451.35 as at 12.05 pm.
- October 29, 2024 11:03
Waaree Energies stock price today: Shares up 5%
Waaree Energies stock traded at ₹2,454.25 on the BSE, higher by 5.03%.
On the NSE, the stock surged 5.53% to ₹2,468.30.
- October 29, 2024 10:40
Waaree Energies stock gains nearly 5%
Shares of Waaree Energies gained 4.50% on the BSE trading at ₹2,442 as at 10.38 am.
- October 29, 2024 10:01
Waaree Energies share price live today: Stock gains in early trade on Tuesday
Shares of Waaree Energies gained 4.08% on the BSE to trade at ₹2,433 as at 9.55 am. On the NSE, the stock rose 2.87% to ₹2,406.10.
- October 28, 2024 15:42
Waaree Energies share price closing figures: Waaree Energies shares close at 56% premium; shares dipped
Shares of Waaree Energies closed 6.20% lower on the NSE at ₹2,345. On the BSE, the stock plummeted 8.20% at ₹2,341 on its listing day. They were listed at 66-70% premium against the issue price of ₹1,503.
- October 28, 2024 15:05
Waaree Energies stock price today: Shares tank nearly 10%
Shares of Waaree Energies dipped 7.40% on the NSE to ₹2,315.10 as at 3 pm.
On the BSE, the stock plummeted 9.22% to ₹2,315.
- October 28, 2024 14:44
Waaree Energies share price today: Shares down 7%
Shares declined 7.29% on the BSE, trading at ₹2,365 as at 2.44 pm.
- October 28, 2024 14:24
Waaree Energies’ power-packed listing: What should investors do?
Waaree Energies (Waaree) made a power-packed listing today with the shares making a more-than-decent debut at ₹2,550, a 69.7 per cent premium over its IPO issue price of ₹1,503. While it has given up some of the gains in further trading, at the time of publishing this article it was trading at ₹2,375 which still represents a solid 58 per cent increase over the IPO price.
bl Research Bureau reports
- October 28, 2024 14:06
Waaree Energies stock price today: Outlook on the NSE
Sell quantity out-numbered buy
Screenshot 2024-10-28 140544.png
- October 28, 2024 14:04
Shares of Waaree Energies declined 4.58% to ₹2,385.50 on the NSE as at 2.03 pm.
- October 28, 2024 13:17
Waaree Energies stock live: Post-listing view of Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Despite the ongoing subdued market mood, Waaree Energies received the strongest subscription response from all sets of investors and also debuted slightly below our expectations. Pre listing, we had recommended profit booking if Waaree lists at double of its issue price which was the street expectations. With listing at Rs 2550, we believe the stock can deliver healthy returns post listing as well.
We believe the long term investor demand would continue at the counter on the back of sector demand and expansion plans, with an opportunity to play at the largest manufacturer of solar PV modules in India, bolstered by favourable government policies and few incentive (PLI) schemes. Hence, we recommend long term investors to “HOLD” while short term investors can look for a target anywhere between Rs 2750-2800 to book profits. Fresh accumulation can be attempted anywhere between Rs 2200-2300 if the opportunity arises due to market scenario and profits booking attempts.
- October 28, 2024 13:07
Waaree Energies stock listing: Shares down 5%
Waaree Energies stock declined 4.88% on the NSE to trade at ₹2,378 as at 1.05 pm.
- October 28, 2024 12:45
Waaree Energies stock declined 5.79% on the BSE to trade at ₹2,402.35 as at 12.45 pm.
- October 28, 2024 12:09
Waaree Energies stock today: Shares fall
Waaree Energies stock traded at ₹2,427.80 on the NSE, lower by 2.89% as at 12.07 pm.
On the BSE, the stock traded at ₹2,429.50, lower by 4.73%, after listing at ₹2,550.
- October 28, 2024 11:42
Waaree Energies stock on the NSE
Screenshot 2024-10-28 114045.png
- October 28, 2024 11:39
Waaree Energies share price: Shares trade flat
Shares of Waaree Energies traded at ₹2,493.55 on the NSE as at 11.38 am.
- October 28, 2024 11:16
Waaree Energies stock price today: Waaree Energies shares dip after strong market debut
Shares retreated in early trading, declining nearly 4 per cent to ₹2,400.55 on NSE and 5.73 per cent to ₹2,404 on BSE as of 10:46 AM IST.
- October 28, 2024 10:41
Waaree Energies IPO listing live: Post-listing view on Waree Energies from Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.
Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW.Its portfolio of solar energy products consists of multi-crystalline modules, monocrystalline modules and TopCon modules.
The company has a strong focus on growth and expansion. It has demonstrated remarkable financial growth. The company has a diversified base of global and Indian customers with a strong order book.
Overall, Waaree Energies Limited made a strong listing of 2509, reflecting investor confidence in the company’s growth potential and financial stability. Investors may consider booking part profit here, and those who want to hold it for the long term may keep a stoploss of 2000.
- October 28, 2024 10:38
Waaree Energies stock listing live: Shares trade at ₹2,424 on the NSE
Today’s high: 2,624.40
Today’s low: 2,300
- October 28, 2024 10:37
Waaree Energies listing updates
Symbol: WAAREEENER
Series: Equity “B Group”
BSE Code: 544277
ISIN: INE377N01017
Face Value: Rs 10/-
Issued Price: Rs 1503/- per share
- October 28, 2024 10:36
Waaree Energies lists today: Shares of India’s Top Solar Panel Maker Surge 75% in Debut: Bloomberg
Shares of Waaree Energies Ltd. jumped nearly 75% early on debut after a $514 million initial public offering by India’s largest solar-panel maker, bringing back optimism for the market after the nation’s biggest IPO disappointed investors last week.
The stock climbed to as high as 2,624.40 rupees in early trading Monday, from its issue price of 1,503 rupees.
Mumbai-based Waaree had seen strong interest for its deal, with the issue getting subscribed by more 70 times. The debut comes on the back of a world-beating rally in India’s renewable-energy stocks this year.
The firm’s gain stands in contrast to Hyundai Motor India’s IPO that culminated in a first-day decline last week. The $3.3 billion IPO, the nation’s largest ever, drew poor interest from retail investors — a break from the frenzy seen in some recent IPOs, particularly smaller issues.
Waaree’s retail portion of the IPO was subscribed nearly 11 times, according to exchange data, underscoring the appetite for new listings in India remains strong. The appeal of India’s renewable sector, where stocks have rallied this year, is also drawing investors.
Waaree sells products such as solar modules and inverters. It posted a profit of more than 4 billion rupees ($47.7 million) on revenue from operations of 34.1 billion rupees for the three months ended June, according to its red-herring prospectus. Its shares attracted investments from prominent Wall Street names, including Goldman Sachs Group Inc., BlackRock Inc., and Morgan Stanley.
The company’s business prospects align with Prime Minister Narendra Modi’s goal to boost renewable-energy production by more than twofold from current levels. The sector may need investments of $2.2 trillion by 2050, according to Bloomberg Intelligence estimates.
Indian IPOs have raised $13.1 billion so far this year, more than the annual volumes in the past two years, according to data compiled by Bloomberg. Listings in the nation this year have on average generated a nearly 27% first-day gain. Among IPOs between $500 million and $1 billion, the gain was about 66%.
(Adds share-price performance in the first paragraph, context in seventh paragraph)
More stories like this are available on bloomberg.com
- October 28, 2024 10:29
Stock market live today: Sensex jumped 762.51 pts or 0.96% to 80,164.80 as at 10.26 am, and Nifty 50 gained 189.85 pts or 0.79% to 24,370.65.
Track bl’s stock market live here
- October 28, 2024 10:26
Waaree Energies share price today: Shares trade at ₹2,403.60 on the BSE as at 10.26 am.
- October 28, 2024 10:06
Waaree Energies share price today: Shares list at premium
Shares of Waaree Energies are listed at ₹2,550 on the BSE against the issue price of ₹1,503, a premium of 69.66%. On the NSE, the stock listed at ₹2,500.
- October 28, 2024 09:57
Waaree Energies stock listing today
Waaree Energies stock is to be listed on the NSE at ₹2,500 and on the BSE at ₹2,550.
- October 28, 2024 09:55
Waaree Energies IPO listing live: Watch live listing of the IPO
- October 28, 2024 09:54
Waaree Energies IPO listing today: Waaree Energies to debut on NSE, BSE after IPO subscription of 76.4 times
Shares of Waaree Energies will be listed at the exchanges on Monday. The company has fixed the IPO price at ₹1,503, and at the upper end of the price band, ₹1,427-1,503. The IPO generated a strong response from all categories of investors, especially institutional investors, who subscribed 76.4 times.
“Our Company has filed the listing application with the NSE and BSE on October 25, 2024. Our company has received the listing and trading approval from BSE and NSE and the trading will commence on October 28, 2024,” it said in a release to the exchanges.
Read the full report by KS Badri Narayanan of businessline here
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