The allotment date for Waaree Energies’ IPO is expected to be today. Latest GMP, steps to check quota status online

Allocation for Waaree Energies IPO: Solar PV module maker Waaree Energies Ltd.’s IPO received strong demand and broke a record with the highest number of IPO applications received. The tender deadline has passed and applicants are now eyeing the allotment for Waaree Energies’ IPO, which is expected to close today.

The allotment date for Waaree Energies’ IPO is likely to be today, October 24. The company is expected to decide the basis for share allotment today after the IPO opened for subscription from October 21-23.

The company will credit the shares to demat accounts of eligible bidders on October 25 and issue refunds to unsuccessful bidders on the same day.

Investors can check the IPO allotment status of Waaree Energies online via BSE and NSE websites as well as on the official portal of the IPO registrar. Link Intime India Private Ltd is the IPO registrar of Waaree Energies.

To conduct an online check of Waaree Energies IPO allotment status, investors need to follow the following simple steps:

Waaree Energies IPO Allotment Status on BSE:

Step 1] Visit the BSE website at this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2] Select “Equity” as the issue type

step 3] Select “Waaree Energies Limited” from the “Issue Name” drop-down menu.

Step 4] Enter either the application number or PAN

Step 5] Check this by checking “I am not a robot” and clicking “Search”.

Your Waaree Energies IPO allotment status will be displayed on the screen.

Waaree Energies IPO Allotment Status on Link Intime:

Step 1] Visit the IPO registrar website at this link: https://linkintime.co.in/initial_offer/public-issues.html

step 2] Select “Waaree Energies Limited” from the “Select Company” drop-down menu.

step 3] Choose between PAN, App. No., DP ID or account number.

Step 4] Enter the details according to the selected option

Your Waaree Energies IPO allotment status will be displayed on the screen.

Waaree Energies IPO GMP today

Waaree Energies shares are showing an excellent bullish trend in the gray market. Waaree Energies IPO GMP today or gray market premium today is ₹1,558 per share, say stock market observers. This suggests that Waaree Energies shares are trading 1.3% higher on the gray market ₹1,558 as their issue price.

The IPO of Waaree Energies GMP today signals its listing at ₹3,061 each, a 104% premium to the IPO price of ₹1,503 per share.

Waaree Energies IPO details

Solar PV module manufacturer Waaree Energies Ltd launched its IPO for subscription on October 21-23. The allotment date for Waaree Energies’ IPO is likely to be today, October 24, and the listing date is October 28. The shares of Waaree Energies Ltd are listed on both stock exchanges BSE and NSE.

The price range for the Waaree Energies IPO has been set at ₹1,427 tons ₹1,503 per share. At the top end of the price range, the company increased ₹4,321.44 crore from the book-built issue, which consisted of a combination of fresh issues of shares worth ₹2.4 crore ₹3,600 crore and offer for sale (OFS) of 48 lakh shares worth ₹721.44 crore.

Waaree Energies’ IPO received strong demand from investors and broke a record with the highest number of IPO applications received ever. Waaree Energies’ IPO was subscribed a total of 76.34 times as the company received offers for 160.91 crore shares against 2.10 crore shares in the offer. It attracted subscriptions worth over 30% ₹2.41 Lakh Crore.

The issue received 10.79 times subscription in the retail category and 62.49 times subscription in the non-institutional category (NII). The share of qualified institutional buyers (QIBs) was recorded at 208.63.

Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory And Securities (India), SBI Capital Markets, Intensive Fiscal Services and ITI Capital are the underwriters of Waaree Energies’ IPO while Link Intime India Private Ltd is the IPO registrar.

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