New Delhi: Shares of Waaree Energies Ltd were listed in the stock market today. This IPO was open for investors last week. The company's shares have been listed with a premium. Yes, the shares have been listed with a premium of about 70 percent over the issue price.

Vare Energies Share Price

The issue price of Vare Energies was Rs 1,503 and the company's shares were listed at Rs 2,550 per share.

The company's shares were listed on the Bombay Stock Exchange at Rs 2,550 per share with a gain of 69.99 percent. However, later the stock rose by 72.98 percent to reach Rs 2,600 per share. The company's shares were listed on the National Stock Exchange (NSE) at Rs 2,500 per share with a gain of 66.33 percent.

After listing of the shares, the market valuation of the company reached Rs 67,866.35 crore.

How was the IPO performance

Ware Energies' IPO has received a very good response from investors. On the last day of the IPO open, it was subscribed 76.34 times. Institutional investors have shown the most interest in this IPO. The price band of this IPO was Rs 1,427 to Rs 1,503 per share.

Through this IPO, the company issued fresh shares worth Rs 3,600 crore. At the same time, 48 lakh equity shares were issued under the offer for sale.

Vare Energies said it will use the funds raised from the IPO to set up ingot vapor, solar cell and solar PV module manufacturing facilities in Odisha. The company operates in the solar energy industry.