Waaree Energies IPO Share Allotment Expected Today: Here’s How to Check Status Online
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Waaree Energies IPO Share Allotment Expected Today: Here’s How to Check Status Online
24 October 2024
2 min read
Waaree Energies, a prominent name in India's solar photovoltaic (PV) module manufacturing sector, is set to announce the allotment of its highly anticipated Initial Public Offering (IPO) shares today. The IPO witnessed an overwhelming response, with 97.34 lakh applicants bidding at the upper end of the price band. The IPO worth Rs 4,321 crore received bids totaling a massive Rs 2.41 lakh crore, showcasing the immense interest in Waaree Energies.
If you’re one of the investors, here's everything you need to know about the IPO allotment process and how to check the status online.
Waaree Energies IPO: Important Dates and Key Details
- IPO Opening Date: October 21, 2024
- IPO Closing Date: October 23, 2024
- Lot Size: 9 shares
- Price Band: Rs 1,427-RRs 1,503 per share
- Basis of Allotment: October 24, 2024
- Refunds Initiated: October 25, 2024
- Shares Credited to Demat Account: October 25, 2024
- Listing Date on Stock Exchange: October 28, 2024
Subscription Details of Waaree Energies IPO
The IPO, which was open for three days, attracted a huge number of bids across all investor categories. Here's a breakdown of the subscription data:
- Qualified Institutional Buyers (QIB): 208.63 times
- High Net-Worth Individuals (HNI) and Non-Institutional Investors (NII): 62.48 times
- Retail Investors: 10.79 times
- Employee Category: 5.17 times
With such a high subscription rate, the demand for Waaree Energies shares far exceeded the supply, making this one of the most successful IPOs in recent times.
How to Check Waaree Energies IPO Allotment Status
Investors can check their IPO allotment status on either the official registrar’s website or the Bombay Stock Exchange (BSE) website. Follow these simple steps to check if you’ve been allotted shares.
Method 1: Check Allotment on Link Intime Website
- Go to the registrar’s website: Visit Link Intime, the official registrar for the Waare Energies IPO.
- Select IPO: From the dropdown menu, choose "Waaree Energies."
- Enter Your Details: Provide your PAN number, application number, or DP client ID.
- Submit: Click on the submit button to view your allotment status.
Method 2: Check Allotment on BSE Website
- Visit the BSE website: Go to the BSE IPO Allotment Page.
- Select Issue Name: Choose "Waare Energies" from the list.
- Enter Details: Provide your PAN or application number.
- Check Status: Click ‘Search’ to check your share allotment status.
About Waaree Energies
Founded in 1990, Waaree Energies is the largest manufacturer of solar photovoltaic (PV) modules in India. With five state-of-the-art manufacturing facilities spread across Gujarat and Uttar Pradesh, the company has become a leader in the renewable energy space. Currently, it boasts a production capacity of over 12 GW, with plans to increase this to more than 20 GW by FY27.
From the IPO proceeds, Waaree Energies plans to allocate Rs 2,750 crore for expanding its production capacity. The company is also in the process of setting up a 6 GW ingot wafer, solar cell, and solar module facility, which will help it further strengthen its position in the market.
Waaree Energies IPO Listing Date
Investors can expect the shares to be listed on the stock exchanges on October 28, 2024. With the growing demand for renewable energy and solar power solutions, the company is poised for significant growth, making this IPO a major event for market watchers.
Conclusion
Waaree Energies’ IPO has undoubtedly captured the attention of the investor community, with high subscription rates across all categories. If you’re among the applicants, make sure to check your allotment status today and get ready for the listing on October 28.
With the company’s focus on expanding its solar module production and tapping into the renewable energy boom, Waaree Energies is set to shine bright on the stock market.
- Waaree Energies IPO allotment
- How to check Waaree IPO status
- Waaree Energies IPO listing date
- Solar energy IPOs in India
- Waaree Energies share price
- लिंक मिळवा
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