Waaree Energies IPO Launches with Strong Market Debut

The Indian solar module maker's shares surged on their first trading day, reflecting high investor demand amid a global shift to clean energy.

Waaree Energies' shares opened at a 69.66% premium on the BSE, initially priced at ₹2,550 per share.
The IPO was oversubscribed 76.34 times, with bids for over 160.91 crore shares against 2.10 crore available.
Retail investors who purchased the minimum lot size profited significantly from the strong listing.
The company has attracted investments from major firms like Morgan Stanley and Goldman Sachs.
Waaree plans to invest $1 billion in a new Texas factory, boosting its U.S. market presence.