Waaree Energies IPO Allotment Status 2024: Check if you got allotment

Waaree Energies’ Initial Public Offering (IPO) saw a record total 97.34 lakh applicants at the upper end of the price band. Waaree Energies is one of the largest players in the solar photovoltaic (PV) module manufacturing industry. The IPO worth of Rs 4,321 crore drew bids for around Rs 2.41 lakh crore. Shares of the IPO are likely to be allotted today to shareholders.

Waaree Energies IPO Allotment Status

The allotment of Waaree Energies IPO is out and the website link is now available for its information. If you too had bid for Waaree Energies IPO, then you can check your allotment status from the link given below.

How to Check Waaree Energies IPO Allotment Status

Click on the link given above. Select Waaree Energies IPO by clicking on the drop down of Select IPO section. Then choose either PAN Card, Demat or Application Number and then enter the number of the chosen option. Then submit. You will get to know the status of your IPO allotment.

Check Waaree Energies IPO Allotment Status on Link Intime

Step 1: Visit the website of the IPO’s official registrar: https://linkintime.co.in/initial_offer/

Step 2:  Select Waaree Energies from the dropdown menu

Step 3: Enter your PAN, application number, or DP client ID details

Step 4: Submit and check your allotment status.

Waaree Energies IPO Allotment Status on BSE:

Step 1: Visit BSE website link 

Step 2: Select ‘Equity’ in the Issue Type

Step 3: Choose ‘Waaree Energies Limited’ in the Issue Name dropdown menu

Step 4: Enter either Application No. or PAN

Step 5: Verify by ticking on ‘I am not robot’ and click on ‘Search’

Wari Energies Gump Pipo Gump Today

The GMP of Waaree Energies IPO is around ₹1,530 today i.e. 24 October 2024, which means the stock is trading at a premium of 102% over its issue price of ₹1,503 in the grey market. Looking at the grey market premium, investors are expecting good listing gains in this IPO.

Waaree Energies IPO GMP Date Wise

Waaree Energies IPO GMP started at ₹1,450 in the initial stage which has now increased to ₹1,530.

Waaree Energies PO: Subscription Details

Waaree Energies opened its three-day share sale (IPO) on 21 October 2024, which closed on 23 October 2024. The IPO received an overwhelming response from investors and was subscribed 76.34 times.

The portion reserved for qualified institutional buyers (QIBs) was subscribed 208.63 times, while the portion for high net-worth individuals (HNIs) and non-institutional investors (NIIs) was subscribed 62.48 times. At the same time, the portion for retail investors was subscribed 10.79 times and the portion reserved for the employee class was subscribed 5.17 times.

Waaree Energies IPO: Important Dates

IPO Open Date: October 21, 2024
IPO Close Date: October 23, 2024
Basis of Allotment: October 24, 2024
Initiation of Refunds: October 25, 2024
Credit of Shares to Demat Account: October 25, 2024
Listing Date: October 28, 2024

About Waaree Energies

Waaree Energies is India’s largest solar photovoltaic (PV) module manufacturer. The company was founded in 1990 and has five manufacturing facilities across Gujarat and Uttar Pradesh. Waaree Energies stated that Rs 2,750 crore from the net IPO proceeds will be used for enhancing the company’s capacity. Waaree Energies reported that it will set up a 6 gigawatt (GW) ingot wafer, solar cell, and solar module facility. At present, the company has a total solar module capacity of over 12 GW and the company is aiming to grow the capacity to over 20 GW by FY27.

Shares of Waaree Energies will be listed on the bourses on October 28, 2024.