In the highly competitive and fast-paced world of IPOs, Waaree Energies, MobiKwik, and Hyundai Motor India have made their mark with soaring market debuts, causing a frenzy among investors. Waaree Energies' IPO was over-subscribed a whopping 76 times, while Premier Energies' shares surged 87% on its market debut. Integrum Energy Infra and Raymond Lifestyle also made their mark with successful IPO filings and debuts. With the energy sector taking center stage, it seems that IPOs are the hottest trend for businesses looking to raise funds.
Waaree Energies, a leading Indian manufacturer of solar PV modules, has announced its IPO with a price band of Rs 1,427-1,503 per share. The IPO includes a fresh share sale of Rs 3,600 crore and an offer-for-sale of up to 48,00,000 equity shares. The solar company aims to raise Rs 4,321.44 crore and has a subsidiary, Waaree Renewable Technologies Limited, leading its solar EPC business. Investors can apply for a minimum of 9 equity shares and its multiples thereafter, with bidding closing on October 23.