The Waaree Energies IPO has generated significant buzz in the market, achieving an impressive subscription rate of approximately 76.34 times, with a total bid amount exceeding ₹2.41 lakh crore. This heightened interest reflects India’s growing demand for renewable energy solutions, especially in the solar sector. The IPO, open for bidding from October 21 to October 23, 2024, was priced between ₹1,427 and ₹1,503 per share and raised ₹4,321.44 crore, including a fresh issue of ₹3,600 crore and an offer for sale worth ₹721.44 crore.
Although the allotment status announcement was initially set for October 24, delays have led to investor speculation, with many anticipating that the announcement could now happen at any moment. Investors are encouraged to monitor their allotment status on the BSE website and Link Intime India, the IPO’s registrar.
Potential Reasons for Delay
- High Volume of Applications: The IPO drew a record number of applications, over 97 lakh, which may have contributed to processing delays.
- Regulatory Compliance: Ensuring compliance with regulatory standards and precise processing can sometimes cause unforeseen delays.
- Market Conditions: Market sentiment and fluctuations can impact the timing of IPO allotment announcements.
How to Check Waaree Energies IPO Allotment Status Online
Investors can check their allotment status on the BSE website or Link Intime India’s portal. Here’s how:
Checking Allotment Status on BSE
- Visit the BSE website: BSE Application Status.
- Select Equity under ‘Issue Type’.
- Choose Waaree Energies Ltd from the dropdown under ‘Issue Name’.
- Enter your Application Number or PAN.
- Complete the CAPTCHA verification.
- Click Search to view your application status.
Checking Allotment Status on Link Intime
- Go to Link Intime’s portal: Link Intime IPO Allotment.
- Select Waaree Energies from the dropdown.
- Choose one of the modes to check your status (Application Number, Demat Account Number, or PAN).
- Enter the required details and CAPTCHA verification.
- Click Submit to view your allotment status.
Important Dates
- Allotment Finalization Date: October 24, 2024
- Refund Initiation Date: October 25, 2024
- Listing Date on BSE/NSE: October 28, 2024
As the allotment announcement is expected soon, investors can stay updated by checking online through BSE or Link Intime. The immense interest in Waaree Energies IPO highlights the trend toward sustainability and investment in green technology within India’s financial markets.
