Waaree Energies IPO opens for subscription. Check GMP and other key details

Waaree Energies has launched its IPO today with a price range of Rs 1,427-1,503 per share. The company raised Rs 1,277 crore from anchor investors before opening. It plans to use the funds to build a 6-gigawatt manufacturing facility in Odisha and expand operations in the US. Analysts recommend subscribing.The IPO of Waaree Energies opens today with a fresh equity sale worth Rs 3,600 crore and an offer for sale of 48 lakh shares. The price band is Rs 1,427-1,503 per share.