Shares of solar company Waree Energies are witnessing tremendous strength amid market turmoil. Shares of Waree Energis rose over 4% on BSE on Monday to Rs. 3015 was reached. Shares of the company also hit a new 52-week high. Very Energy shares have doubled investors' money in just 10 days. Shares of the solar company have jumped more than 100% in 10 days. The market cap of the company is also Rs. 85,700 crore has been crossed.
Shares in 10 days Rs. 1503 to Rs. Crosses 3000- The IPO of Waree Energies was opened on 21 October 2024 and remained open till 23 October. The company's share price in the IPO was Rs 1503. Shares of Wari Energy traded on BSE on 28 October 2024 at Rs. 2550 were listed. On the day of listing, the shares of the company were Rs. closed at 2336.80. Here a good rise is seen in the shares of the company. Shares of Wari Energy touched Rs 3015 on November 4, 2024. Shares of the company Rs. 1503 has jumped more than 100% compared to its issue price.
The company's IPO was subscribed 79 times- Waree Energies IPO was subscribed a total of 79.44 times. Retail investors subscribed 11.27 times the quota in the company's IPO. In the employee category, the stake was 5.45 times. Waaree Energies IPO received 65.25 times subscription from non-institutional investors (NII) category. While the subscription in the qualified institutional buyers category was 215.03 times.
Company Business – Waaree Energies was started in December 1990. The company manufactures solar PV modules. The company has an installed capacity of 12GW. The company's product portfolio includes multicrystalline modules, monocrystalline modules and Topcon modules. As of June 30, 2023 data, the company operates four manufacturing facilities.
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