Waaree Energies Stock Price Live Updates: The Waaree Energies stock price, after making a strong debut on the bourse on Monday, also extended its gains on the second day. The stock was trading up to 5% higher than the previous close on the NSE, signaling investor interest in the recently listed stock.

The action ended on the trading day at ₹2,345 on NSE, a premium of 56% over the IPO price of ₹1,503, and at ₹2,336.80 on the BSE, representing a premium of 55.48%.

On NSE, Waaree Energies share price opened at ₹2,500 per share, or 66.33% more than the issue price of ₹1,503. On the BSE, Waaree Energies share price today opened at ₹2,550 each, up 69.66% from the issue price. However, the stock fell more than 6% post-listing.

The company’s IPO, intended for the production of solar panels, was subscribed 76.34 times on the last day of the sale of shares, which occurred on Wednesday October 23, thanks to significant interest from institutional investors.

The initial transfer of shares, totaling ₹4,321.44 crore, received bids for 1,60,91,70,633 shares against the available 2,10,79,384 shares, according to BSE data.

The segment allocated to Qualified Institutional Buyers (QIB) recorded an impressive 208.63 times subscriptions. Non-institutional investors subscribed 62.49 times, while retail investors (RIIs) achieved a subscription rate of 10.79 times.

This initial offer saw one of the largest numbers of applications, totaling ₹97.34 million. In total, the public offer attracted a subscription amount greater than ₹2.41 lakh.

Stay tuned for more updates