The shares of Waaree Energies Ltd. will make its market debut on Monday, October 28. Ahead of its listing, shares of the company are in high demand in the grey market, which is reflected in the current grey market premium (GMP) of nearly 85% over the issue price. The IPO is priced at ₹1,503 at the upper price band.If the current trends sustain, Waaree Energies shares are expected to list at a 85% premium over the IPO price.Shivani Nyati of Swastika Investmart expects a strong listing for Waaree Energies, supported by its impressive GMP. Given the company’s strong fundamentals, leadership in the solar energy sector, and the overwhelming subscription numbers, the expected listing price seems justified, Nyati said.
However, the analyst advised investors to be mindful of market conditions post-listing, which can influence short-term price movements.The ₹4,321 crore IPO received an overwhelming response from investors by receiving bids worth ₹2.41 lakh crore.The overall…
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