The solar panel manufacturing company has raised Rs 1277 crore through Anchor Investors. The IPO opened to anchor investors on Friday. According to information available on the BSE website, the company has issued 84.96 lakh shares to 92 funds at a price of Rs 1503 per share.
Goldman Sachs, Abu Dhabi Investment Authority, Morgan Stanley, The Prudential Assurance Company, National Pension Service, HDFC Mutual Fund, ICICI Prudential MF, Canara Rebecca MF, Tata MF and Bandhan MF have invested.
Retail investors can bet on the Waari Energies IPO from October 21 to October 23. The company has fixed a price band of Rs 1427 to Rs 1503 for the IPO.
If you are thinking of investing in the IPO, let us tell you that there has been a lot of 9 shares. Due to which investors have to bet at least Rs 13,527.
The good thing from an investor's point of view is that the company has a good position in the gray market. According to InvestorsGain's report, the company's IPO is trading at a premium of Rs 1425 in the gray market. If the situation continues, the company can be listed in the stock market at a premium of 94 percent.
Vaari Energies Limited IPO size is Rs 4321.44 crore. The company will issue 2.4 crore new shares through the IPO. At the same time, it will issue 0.48 crore shares under the Offer for Sale. Let us tell you that the company will be listed in BSE and NSE.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
