{"id":1286655,"date":"2024-10-24T09:02:53","date_gmt":"2024-10-24T03:32:53","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1286655"},"modified":"2024-10-24T09:03:14","modified_gmt":"2024-10-24T03:33:14","slug":"waaree-energies-ipo-receive-record-97-lakh-applications-beats-tata-tech-bajaj","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/waaree-energies-ipo-receive-record-97-lakh-applications-beats-tata-tech-bajaj\/","title":{"rendered":"Waaree Energies IPO Receive Record 97 Lakh Applications, Beats Tata Tech, Bajaj"},"content":{"rendered":"\n<p>The Waaree Energies IPO, which opened on October 21 and closed on October 23, 2024, shattered all records with 97.34 lakh applications. This incredible figure surpasses previous records held by:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Bajaj Housing Finance<\/strong> \u2013 90 lakh applications<\/li>\n\n\n\n<li><strong>Tata Technologies<\/strong> \u2013 73 lakh applications<\/li>\n\n\n\n<li><strong>LIC IPO<\/strong> \u2013 Major milestone in public offerings<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-9.01.57\u202fAM-1024x577.png\" alt=\"\" class=\"wp-image-1286666\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-9.01.57\u202fAM-1024x577.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-9.01.57\u202fAM-300x169.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-9.01.57\u202fAM-768x433.png 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-24-at-9.01.57\u202fAM.png 1452w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Waaree Energies now holds the distinction of receiving the <a href=\"https:\/\/www.livemint.com\/market\/ipo\/waaree-energies-ipo-beats-tata-tech-bajaj-ipos-to-achieve-record-97-lakh-applications-issue-booked-76x-qibs-bid-208x-11729695886338.html\">highest-ever number of applications<\/a> in India&#8217;s IPO history.<\/p>\n\n\n\n<p><strong>IPO Details and Performance<\/strong><br>Waaree Energies raised a total of \u20b94,321.44 crore through this IPO, comprising \u20b93,600 crore from a fresh issue and \u20b9721.44 crore via an Offer for Sale (OFS). Shares were priced between \u20b91,427 and \u20b91,503 per share.<\/p>\n\n\n\n<p>Investor interest was exceptional:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>QIBs<\/strong> (Qualified Institutional Buyers): Bids 208.63 times the reserved portion<\/li>\n\n\n\n<li><strong>NIIs<\/strong> (Non-Institutional Investors): Bids 62.49 times<\/li>\n\n\n\n<li><strong>Retail Investors<\/strong>: Bids 10.79 times<\/li>\n\n\n\n<li><strong>Employees<\/strong>: Bids 5.17 times<\/li>\n<\/ul>\n\n\n\n<p>Waaree\u2019s overwhelming response underscores its appeal to institutional and retail investors alike.<\/p>\n\n\n\n<p><strong>What\u2019s Next?<\/strong><br>Waaree Energies is set to use the proceeds from its IPO to further expand operations. Key plans include establishing a 6GW solar module facility in Odisha. This expansion will significantly enhance their manufacturing capabilities, ensuring a more robust presence in India&#8217;s solar energy sector.<\/p>\n\n\n\n<p>With a valuation exceeding \u20b94,300 crore, Waaree Energies is poised for further growth, cementing its leadership in solar PV module production.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.ndtvprofit.com\/ipos\/waaree-energies-ipo-day-1-gmp-subscription-status-price-band-and-more\">Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Waaree Energies IPO, which opened on October 21 and closed on October 23, 2024, shattered all records with 97.34 lakh applications. This incredible figure surpasses previous records held by: Waaree Energies now holds the distinction of receiving the highest-ever number of applications in India&#8217;s IPO history. IPO Details and PerformanceWaaree Energies raised a total [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1286666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[6360],"class_list":["post-1286655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-waaree-energies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Waaree Energies IPO Receive Record 97 Lakh Applications, Beats Tata Tech, Bajaj - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/waaree-energies-ipo-receive-record-97-lakh-applications-beats-tata-tech-bajaj\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Waaree Energies IPO Receive Record 97 Lakh Applications, Beats Tata Tech, Bajaj - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"The Waaree Energies IPO, which opened on October 21 and closed on October 23, 2024, shattered all records with 97.34 lakh applications. This incredible figure surpasses previous records held by: Waaree Energies now holds the distinction of receiving the highest-ever number of applications in India&#8217;s IPO history. 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