Waaree Energies IPO: Strong boom in this IPO, investors' luck will shine, know the status of Deepak Builders' IPO…

Afternoon Energies IPO: Today is the second day of bidding for the initial public offering (IPO) of Vaari Energies Limited and Deepak Builders and Engineers India Limited. Waari Energies IPO received a total subscription of 3.47 times on the first day.

The issue was subscribed 3.34 times in the retail category, 0.08 times in the qualified institutional buyers (QIB) category and 8.22 times in the non-institutional investors (NII) category.

Whereas the IPO of Deepak Builders and Engineers India got a total subscription of 4.18 times. The issue was subscribed 6.22 times in the retail category, 0.52 times in the qualified institutional buyers (QIB) category and 4.28 times in the non-institutional investors (NII) category.

Shares of both the companies will be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 28. Now let us know about the IPO of both the companies one by one.

1. Waari Energies Limited IPO

Solar panel manufacturer Vaari Energies Limited wants to raise Rs 4,321.44 crore through this IPO. 2.4 crore new shares worth Rs 3,600 crore will be issued in the IPO of Vaari Energies. There will also be an offer for sale of 48 lakh shares worth Rs 721.44 crore.

What is the minimum and maximum amount that can be invested?

The company has fixed the price band between ₹ 1,427 to ₹ 1,503. Investors can bid in lots of nine shares and then in multiples of nine. That means Rs 13,527 will have to be invested for one lot. At the same time, you can bid ₹ 1,000,998 for a maximum of 70 lots.

2. Deepak Builders and Engineers India Limited IPO

Deepak Builders and Engineers India Limited wants to raise ₹260.04 crore through this issue. For this, the company is issuing 10,700,000 new shares worth ₹ 217.21 crore. At the same time, the existing investors of the company are selling 2,110,000 shares worth ₹ 42.83 crore through Offer for Sale i.e. OFS.

What is the minimum and maximum amount that can be invested in Waaree Energies IPO?

Deepak Builders and Engineers India has fixed the price band of this issue at ₹192-₹203. Retail investors can bid for a minimum of one lot i.e. 73 shares. If you apply for 1 lot as per the upper price band of IPO ₹ 203, then you will have to invest ₹ 14,819 for it.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 949 shares. For this, investors will have to invest ₹ 192,647 as per the upper price band.