Waaree Energies share price hits ₹2,550 on listing day, showcasing a remarkable 69.66% premium over its IPO. Investors are optimistic about future growth.
Waaree Energies shares debuted at ₹2,550 on the BSE, a 69.66% premium over the IPO price of ₹1,503. This strong opening reflects high investor interest.
The stock reached a peak of ₹2,624.40 during trading. However, it later settled at ₹2,375, still showing a 58% increase from the issue price.
Demand was robust, with the IPO being 76 times oversubscribed. This marks one of the highest application numbers for a public issue in India.
Despite some volatility, Waaree Energies maintains a positive outlook. Investors remain hopeful about future performance in the renewable energy sector.