IPO GMP | New IPO will open for investment, lottery will be held on the first day, 104% return will be given, gray market boom
IPO GMP | There is good news for IPO investors. Therefore the gray market has indicated to keep money ready. This IPO can give multibagger returns to the investor on the first day itself. Since last one year, many IPOs have been giving big returns on the first day. Therefore, stock market investors are eagerly waiting for the upcoming IPO.
Positive signals from the gray market
The IPO of Vaari Energies Limited Company will soon be opened for subscription. The IPO of solar panel manufacturing company Vaari Energies Limited is going to open for investment next week. Positive signals are also coming from the gray market. Experts say that this IPO can be subscribed heavily.
Big earning on listing day
The IPO shares of Vaari Energies Limited Company are trading at a premium of 104% on the grey-market. The IPO of solar panel manufacturing company Vaari Energies Limited will open for subscription on October 21. The last date for membership will be 23rd October. Anchor investors can bid for the IPO of Vaari Energies Limited Company on October 18. The value of IPO is Rs 4,321 crore. The price band for the IPO has been fixed at Rs 1,427 to Rs 1,503.
Multibagger returns will be available
The IPO stock of Vaari Energies Limited Company is in high demand in the grey-market. Today, the IPO share of Vaari Energies Limited Company has reached a premium of Rs 1565 in the gray market. This means that shares of Vari Energies Limited Company can be listed at Rs 3,068. That means investors can get 104 percent return on the first day. The IPO of Vaari Energies Limited Company is proposed to be listed on BSE and NSE. Also, shares of Vari Energies Limited Company can be listed on October 28. The IPO promoter and existing shareholders of Vaari Energies Limited Company each hold 48 lakh new shares worth Rs 3,600 crore and 48 lakh shares worth Rs 721.44 crore. The total issue size of the IPO of Vaari Energies Limited Company is Rs 4,321.44 crore. Vaari Energies Limited will use the IPO proceeds to set up a 6 GW ingot wafer, solar cell and solar PV module manufacturing facility in Odisha. The company said a portion of it will also be kept for general corporate purposes.
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