IPO of India’s largest green energy company will come soon, will you also get profit from it? know

IPO of India’s Largest Green Energy Company, Vaari Energies, Coming Soon

Investors looking for promising opportunities can consider the upcoming IPO of Vaari Energies, a leading solar panel manufacturer. The IPO opens for subscription on October 21 and closes on October 23, with shares already trading at a notable premium in the gray market.

Valued at ₹4,321 crore, the price band is set between ₹497-503 per share. Anchor investors will have the chance to start bidding as early as October 18, making this IPO particularly attractive amid the growing demand for solar energy.

High Demand in the Gray Market

Investor interest in Vaari Energies has surged, with shares currently trading at a premium of ₹1,565 in the gray market. Expectations suggest a potential listing price of ₹3,068 per share, promising a remarkable 104% profit on the first trading day. The IPO is slated for listing on the BSE and NSE, with a projected date of October 28.

Key Details of the IPO

Vaari Energies’ IPO comprises ₹3,600 crore from new shares and ₹721.44 crore from existing shareholders’ share sales. The proceeds will primarily fund a new 6 GW solar manufacturing facility in Odisha, aimed at expanding production capacity and enhancing market presence. With robust fundamentals and high market demand, this IPO is a significant opportunity for investors targeting strong returns.