The initial public offer of solar panel maker Waaree Energies Ltd garnered 76.34 times subscription on the last day of share sale on Wednesday, helped by strong participation from institutional buyers.
The Rs 4,321.44 crore initial share sale received bids for 1,60,91,61,741 shares against 2,10,79,384 shares on offer, as per NSE data.
The quota for Qualified Institutional Buyers (QIBs) got a whopping 208.63 times subscription. The non-institutional investors part attracted 62.48 times subscription and Retail Individual Investors (RIIs) portion got subscribed 10.79 times.
The initial share sale received one of the highest ever number of applications at Rs 97.34 lakh. The public offer attracted subscription of over Rs 2.41 lakh crore.
Waaree Energies on Friday said it has mobilised Rs 1,277 crore from anchor investors.
The issue has a price band of Rs 1,427 to Rs 1,503 per share.
The IPO is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer F
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