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Waaree Energies’ IPO Oversubscribed 76 Times

Qualified institutional buyers led the demand, with a subscription rate of 208.63 times

October 24, 2024

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Solar module manufacturer Waaree Energies’ ₹43.21 billion (~$513.95 million) initial public offering (IPO) garnered strong investor interest from institutional and retail buyers. At the end of the bidding window on October 23, 2024, the issue was oversubscribed 76 times.

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