The highly anticipated Waaree Energies IPO allotment date is expected to be finalized today, October 24, 2024, following a record-breaking subscription. The solar PV modules manufacturer’s initial public offering, which opened for subscription from October 21 to 23, 2024, witnessed unprecedented demand, setting the record for the highest number of applications received in an IPO in India.
Key Dates & Allotment Process:
The IPO allotment status is likely to be announced today. Investors can check the status online through the BSE website or the official IPO registrar Link Intime’s portal. The company is set to credit shares to eligible investors’ demat accounts on October 25, 2024, and refunds to unsuccessful bidders will also be initiated on the same day.
How to Check Waaree Energies IPO Allotment Status Online:
On BSE:
- Visit the BSE website: BSE IPO Allotment
- Select ‘Equity’ under the issue type.
- Choose ‘Waaree Energies Limited’ from the drop-down menu.
- Enter your application number or PAN.
- Verify by selecting ‘I am not a robot’ and click ‘Search.’
On Link Intime:
- Go to the IPO registrar Link Intime’s website: Link Intime IPO Allotment
- Select ‘Waaree Energies Limited’ from the company drop-down.
- Enter the necessary details (PAN/Application No./DP ID or Account No.).
- Click on ‘Search’ to view your allotment status.
Waaree Energies IPO GMP Today:
The Grey Market Premium (GMP) for Waaree Energies has been trending strong, indicating a premium of ₹1,558 per share over the issue price. Based on the GMP, the stock is expected to list at around ₹3,061 per share, a 104% premium to the upper price band of ₹1,503.
IPO Performance:
Waaree Energies IPO was subscribed an impressive 76.34 times, with bids for 160.91 crore shares against an offering of 2.10 crore shares. The retail portion was subscribed 10.79 times, while the non-institutional investor category received 62.49 times subscription. The Qualified Institutional Buyers (QIBs) category saw a staggering 208.63 times subscription.
The IPO is set to raise ₹4,321.44 crore, comprising ₹3,600 crore from the fresh issue of shares and ₹721.44 crore from an offer for sale.
Waaree Energies IPO Allotment Steps Recap:
- Allotment Date: October 24, 2024 (likely)
- Listing Date: October 28, 2024
- IPO Price Band: ₹1,427 to ₹1,503 per share
- Funds raised: ₹4,321.44 crore
- Registrar: Link Intime India Private Ltd
Disclaimer:
The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
