The Waaree Energies IPO share allotment has been finalised following a robust response from the investors. The shares are trading at a solid premium of 104 percent in the grey market.
The company will credit the shares into the demat accounts of eligible applicants and initiate refunds to unsuccessful bidders today. The Rs 4,321 crore IPO received an overwhelming response from investors, attracting bids worth Rs 2.41 lakh crore. At close, the overall subscription stood at 76 times, as the portion reserved for institutional investors was subscribed 76 times and the non-institutional investors’ portion was subscribed 62 times.
The IPO is likely to make its market debut on October 28. Investors can check Waaree Energies IPO allotment status online through the BSE and NSE websites and on the official portal of the IPO registrar. Link Intime India Private Ltd is the Waaree Energies IPO registrar.
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To check Waaree Energies IPO allotment status online follow the steps mentioned below:
Waaree Energies IPO Allotment Status on the NSE website:
Visit the NSE allotment status website
Existing users can log in with their user ID and password.
Select Equity in the issue type
Select Waaree Energies from the list of company names
Enter PAN and IPO application number
Click on the ‘Submit’ button
Your Waaree Energies IPO allotment status will be displayed on the screen.
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Waaree Energies IPO Allotment Status on Link Intime:
Visit the IPO registrar website at this link
Select Waaree Energies from the Select Company dropdown menu
Enter either your PAN or Application Number or DP ID or Account Number
Click on Search
Your Waaree Energies IPO allotment status will be displayed on the screen.
Waaree Energies IPO GMP
The public issue of the PV solar modules manufacturer received an overwhelming response from investors. The company was commanding a grey market premium of Rs 1,558 per share, a premium of 104 per cent compared to the issue price of Rs 1,503 per share. Waaree Energies IPO GMP today indicates a listing at Rs 3,061 per share.
The company aims to utilize the funds raised from the IPO for key initiatives including establishing a 6 gigawatt (GW) manufacturing facility for ingots, wafers, solar cells and PV modules in Odisha, as well as general corporate purposes.
Waaree Energies is the parent company of Waaree Renewables Limited. It is the largest manufacturer of solar PV modules in India, with the highest aggregate capacity of 12 GW as of June 2024. In FY24, the company reported the second-best operating income among all domestic solar PV module manufacturers in India.
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