Waaree Energies IPO Share Allotment Expected Today: Check Status Online
Waaree Energies’ Initial Public Offering (IPO) saw a record 97.34 lakh applicants at the upper end of the price band. The company is one of the largest players in the solar photovoltaic (PV) module manufacturing industry. The issue worth Rs 4,321 crore attracted bids for around Rs 2.41 lakh crore. Shares of the issue are likely to be allotted to shareholders today.
Waaree Energies IPO: Key Details
IPO Open Date: October 21, 2024
IPO Close Date: October 23, 2024
IPO Lot Size: 9 shares
IPO Price Band: Rs 1,427 to Rs 1,503 per share
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
Subscription Details
Waaree Energies opened its 3-day share sale on October 21, 2024, with the issue closing on October 23. The IPO received significant interest from investors and was subscribed 76.34 times.
The portion set aside for qualified institutional buyers (QIB) was subscribed 208.63 times, while the high net-worth individual (HNI) and non-institutional investor (NII) portion was subscribed 62.48 times. The retail portion of the issue was subscribed 10.79 times, while the employee portion saw a subscription of 5.17 times.
|
Category |
Subscription |
|
QIB |
208.63 times |
|
HNI-NII |
62.48 times |
|
Retail |
10.79 times |
|
Employee |
5.17 times. |
Check Waaree Energies IPO Allotment Status
Investors who have applied for the Waaree Energies IPO can check the allotment status on either the official registrar’s website or the BSE website.
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.
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 from the net IPO proceeds, Rs 2,750 crore will be used for enhancing the company’s capacity. The company 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 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.