Waaree Energies IPO GMP History
Waaree Energies IPO has been listed on October 28, 2024 at a listing price of ₹2500, against the issue price of ₹1503 — a gain of ₹997 (+66.33%). The GMP peaked at ₹1500 on 25 October 2024 and reached a low of ₹1100 on 16 October 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Waaree Energies IPO raised ₹4321.44 Cr. through its IPO at a price band of ₹1427 to ₹1503 per share, with a lot size of 9 shares. The IPO was open for subscription from 21 Oct 2024 to 23 Oct 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:18 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 26 Oct 2024 | ₹ 1200 | ▼ | 80% | — | — |
| 25 Oct 2024 | ₹ 1500 | — | 100% | — | — |
| 24 Oct 2024 | ₹ 1500 | ▲ | 100% | — | — |
| 23 Oct 2024 | ₹ 1350 | ▼ | 90% | — | — |
| 22 Oct 2024 | ₹ 1450 | — | 96% | — | — |
| 21 Oct 2024 | ₹ 1450 | ▲ | 96% | — | — |
| 19 Oct 2024 | ₹ 1400 | ▲ | 93% | — | — |
| 18 Oct 2024 | ₹ 1300 | ▼ | 86% | — | — |
| 17 Oct 2024 | ₹ 1350 | ▲ | 90% | — | — |
| 16 Oct 2024 | ₹ 1100 | — | 73% | — | — |
Waaree Energies IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 21 Oct 2024
- Close 23 Oct 2024
- Allotment 24 Oct 2024
- Refund/credit 25 Oct 2024
- Listing 28 Oct 2024
Waaree Energies IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹1503 |
|---|---|
| GMP-based estimate (pre-listing) | ₹2703 (+79.8%) |
| Listing gain / loss | +₹997 per share |
| Listing date | 28 Oct, 2024 |
| Actual listing price | ₹2500 (+66.33%) |
Is Waaree Energies IPO GMP reliable?
Grey market premium for Waaree Energies IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Waaree Energies IPO full review for a fundamentals-based assessment before making any grey market trades.
Waaree Energies IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Waaree Energies IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Waaree Energies IPO
Waaree Energies Limited was incorporated as Anmol Fluid Connectors Private Limited at Mumbai on 18 December 1990. It makes solar PV modules in India.
It had installed capacity of 12 GW on 31 March 2024, with capacity use of 43.37% in FY2024 and 45.01% in the three months to 30 June 2024. Its range includes multicrystalline and other PV modules.
Its promoters are Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Pankaj Chimanlal Doshi and Waaree Sustainable Finance.
The IPO was Rs 4,321.44 crore, with Rs 3,600.00 crore of fresh issue and Rs 721.44 crore of offer for sale by Waaree Sustainable Finance and Chandurkar Investments. Fresh money was mainly planned for a new ingot, wafer, cell and module plant in Odisha.
Frequently asked
What is the GMP of Waaree Energies IPO?
The current Grey Market Premium (GMP) of Waaree Energies IPO is ₹ 1200.
What is the Kostak Price of Waaree Energies IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Waaree Energies IPO is not available.
What is the Subject to Sauda Price of Waaree Energies IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Waaree Energies IPO?
Waaree Energies IPO listed on October 28, 2024 at ₹2500, against the issue price of ₹1503 — a gain of +66.33%.
How did the GMP of Waaree Energies IPO trend before listing?
The GMP of Waaree Energies IPO was falling in its final days before listing. The GMP peaked at ₹1500 on 25 October 2024. View the day-wise table above for the complete GMP history.
Explore Waaree Energies IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
