What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Waaree Energies Limited IPO?

Based on the upper price band of ₹1503 and current GMP of ₹1295, the estimated listing price is ₹2798 (approx. 86.2% gain).

What is the expected profit per lot for Waaree Energies Limited IPO?

With a lot size of 9 shares and current GMP of ₹1295, expected profit per retail application lot is approximately ₹11,655.

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Grey Market Intelligence

Waaree Energies Limited

ListedMainboard

Renewable Energy · NSE / BSE

Founded in December 1990, Waaree Energies Limited is one of India’s leading solar panel manufacturers with a production capacity of 12 GW. The company produces a wide range of solar modules, including multicrystalline, monocrystalline, and advanced TopCon modules, along with flexible bifacial panels, framed and unframed modules, and building-integrated photovoltaic solutions. Waaree has four manufacturing plants in Gujarat, located in Surat, Tumb, Nandigram, and Chikhli, covering 136.30 acres in total. The Tumb and Chikhli units are ISO-certified for safety and quality. Over the years, the company has served numerous customers across India and abroad and employed 1,019 full-time staff as of June 30, 2023.

Price Band

₹1427 – ₹1503

Issue Size

₹4321 Cr

Lot Size

9 shares

GMP

₹1295

+86.2%

Est. Listing

₹2798

at current GMP

Subscribed

79.44x

overall

Open

21 Oct 2024

23 Oct 2024

Allotment

25 Oct 2024

Refund

26 Oct 2024

Demat Credit

27 Oct 2024

Listing

28 Oct 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Waaree Energies Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹1295+86.2%

Issue Price (Upper)

₹1503

Band: ₹1427 – ₹1503

Estimated Listing Price

₹2798

Upper price + GMP

Lot Size

9 shares

Min investment ₹13,527

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹1295	86.2%	₹2798
30 Oct 2026	+₹1295	86.2%	₹2798
29 Oct 2026	+₹1166	77.5%	₹2669

About Waaree Energies Limited Public Issue & Market Profile

Waaree Energies Limited is bringing an initial public offering (IPO) in the Renewable Energy sector with an aggregate issue size of ₹4,321.44 Crores. The shares are offered at a price band of ₹1427 to ₹1503 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2024-10-23, the basis of allotment is scheduled to be finalized on 2024-10-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Waaree Energies Limited IPO GMP today?

The latest grey market premium for Waaree Energies Limited IPO is ₹1295, which indicates an expected listing price of ₹2798.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.