Waaree Energies had a fantastic stock market debut on October 28, listing at Rs 2,500, which represents an impressive 66.3% premium over its issue price of Rs 1,503 per share on the National Stock Exchange (NSE
However, the listing gains fell short of grey market expectations, where shares were trading at a premium of 84%. The grey market is an unofficial trading environment where shares begin to trade before the subscription opens and continue until the listing day.
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The Rs 4,321-crore IPO experienced robust demand, being oversubscribed 76.34 times. Investors placed bids for 160.91 crore shares, significantly surpassing the 2.1 crore shares available, according to exchange data