The initial public offer of solar panel maker Waaree Energies Ltd received 8.78 times subscription on the day two of share sale on Tuesday.
The Rs 4,321.44 crore initial share sale received bids for 18,51,56,208 shares against 2,10,79,384 shares on offer, as per NSE data.
The portion for non-institutional investors fetched 24.30 times subscription, while the category for Retail Individual Investors (RIIs) got subscribed 6.36 times. Qualified Institutional Buyers (QIBs) received 1.73 times subscription.
Waaree Energies on Friday said it has mobilised Rs 1,277 crore from anchor investors.
The issue, with a price band of Rs 1,427 to Rs 1,503 per share, will conclude on October 23.
The IPO is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer-For-Sale (OFS) of 48 lakh equity shares worth Rs 721.44 crore, at the upper end of the price band, by a promoter and existing shareholders. This translates into a total size of Rs 4,321.44 crore.
Under the
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