Waaree Energies Ltd is set to open its initial public offering (IPO) on Monday, October 21, 2024, with a price band between Rs 1,427 and Rs 1,503 per equity share. The IPO includes a fresh issue of shares worth Rs 36,000 million, along with an offer for the sale of up to 4,800,000 shares.
The sale will include shares from Waaree Sustainable Finance Pvt Ltd and Chandurkar Investments Pvt Ltd. Anchor investors can begin bidding on Friday, October 18, 2024, while the general bidding window closes on Wednesday, October 23, 2024.
Investors can place bids for a minimum of 9 shares and in multiples of 9 thereafter. The equity shares will be listed on both BSE and NSE. Moreover, the IPO aims to boost Waaree Energies’ market presence and meet a growing demand for sustainable energy solutions.
