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The allotment for the initial public offering (IPO) of Waaree Energies Limited will be finalised on Thursday, October 24, after having seen strong subscription led by the Qualified Institutions Buyer (QIB) category.
Waaree Energies IPO received a total of 79.44 times subscription. The public issue saw 11.27 times subscription in the retail segment, 215.03 times in the Qualified Institutional Buyers (QIB) category, and 65.25 times in the Non-Institutional Investors (NII) category as of October 23, 2024.
The price band for the IPO was set at Rs 1,427-1,503 per share, with investors required to apply for a minimum of 9 shares or multiples thereof. The company aimed to raise Rs 4,321.44 crore, which includes Rs 3,600 crore from fresh issues and up to 48 lakh equity shares through an offer-for-sale (OFS).
Investors who have bid for Waaree Energies IPO can check their allotment status online. They can log in to either the Bombay Stock Exchange (BSE) website or the website of Link Intime India Private Ltd, the registrar for the issue.
If you’ve applied for the Waaree Energies IPO, you can check your allotment status online in a few simple steps:
Go to the BSE website by clicking here.
Click on ‘Equity’.
Choose ‘Waaree Energies Limited’ from the list.
Put in your application number and PAN card ID.
Confirm that you’re not a robot and submit.
Visit the Link Intime India Private Ltd website.
Select ‘Waaree Energies Limited’.
Choose the Application Number/Demat Account/PAN option and enter the details.
Enter the Captcha.
Click on the ‘SUBMIT’ option.
The latest Grey Market Premium (GMP) for Waaree Energies IPO is Rs 1,560, as of 7:59 AM on October 24, 2024.
Given the price band of Rs 1,503, the estimated listing price for Waaree Energies IPO stands at Rs 3,063 (cap price plus today’s GMP). This indicates an anticipated gain of 103.79% per share.
The shares of Waaree Energies IPO are set to be listed on the BSE and NSE, with the tentative listing date scheduled for Monday, October 28, 2024.
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