Waaree Energies plans to raise ₹4,321.44 crore from the IPO. The price band of the IPO is ₹1,427 to ₹1,503 per share. So far (till 12 noon) on the last day, the issue has been subscribed more than 11 times.

Strong demand is being seen in the IPO of Solar PV Module Manufacturer Wari Energies Limited, the country's largest solar PV module manufacturer .

When will the listing happen?  Wari Energies IPO listing date is likely to be October 28.

The company is valued at a PE ratio of 31.4x at the upper price band based on FY24 earnings, which is lower than its competitors.

Given its strong financial growth and substantial order book, the company has great growth potential. Many experts have advised to subscribe on CNBC Awaaz.

At what price will the listing happen - Wari Energies IPO GMP Grey Market Premium is 90 percent.

The Grey Market Premium (GMP) of the IPO is Rs 1,375, which is 91.48 percent higher than the issue price of Rs 1,503.

GMP is pointing to a strong listing of Wari Energies shares in the market. If the current trend in the grey market continues, shares of Waaree Energies may list at Rs 2,878.

Waaree Energies has the largest capacity of 12 GW for solar modules in India, which is 1.9 times that of the second largest player.

The company currently has 5 manufacturing units. Its portfolio includes the following PV modules: (i) Multicrystalline (ii) Monocrystalline and (iii) Topcon modules. It provides EPC solutions as a contractor.