The initial public offering (IPO) of Waaree Energies Ltd, a prominent solar PV modules manufacturer, has generated substantial interest in the market, setting a new record for the highest number of applications received for an IPO in India. With the bidding period now closed, all eyes are on the finalization of the Waaree Energies IPO allotment status, which is anticipated to be confirmed today.
Waaree Energies IPO Allotment Expected Today
Key Dates for Waaree Energies IPO Allotment
- Allotment Date: Expected today, October 25.
- Subscription Period: October 21 to October 23.
- Shares Credited to Demat Accounts: October 25.
- Refunds for Unsuccessful Bidders: October 25.
How to Check Waaree Energies IPO Allotment Status
Investors can check their waaree energies ipo allotment status online through the official websites of the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and the designated IPO registrar, Link Intime India Private Ltd. Below are step-by-step instructions for each platform:
On the BSE Website:
- Go to the official BSE website.
- Select ‘Equity’ as the Issue Type.
- Choose ‘Waaree Energies Limited’ from the Issue Name dropdown menu.
- Enter your Application Number or PAN.
- Confirm the captcha verification by selecting ‘I am not a robot’ and click on ‘Search’.
- Your IPO allotment status will be displayed on the screen.
On Link Intime India Website:
- Visit the Link Intime India IPO portal.
- Select ‘Waaree Energies Limited’ in the dropdown menu under Select Company.
- Choose your identification type from PAN, Application Number, DP ID, or Account Number.
- Input the relevant details based on your selection.
- Click on ‘Search’ to view your allotment status.
Waaree Energies IPO Grey Market Premium (GMP) Today
The shares of Waaree Energies are witnessing robust trading activity in the grey market. Currently, the Waaree Energies IPO GMP stands at ₹1,558 per share, indicating a significant premium over the issue price. This suggests a potential listing price of around ₹3,061 per share, which translates to a 104% increase from the IPO issue price of ₹1,503 per share.
Overview of Waaree Energies IPO
The IPO was open for public subscription from October 21 to October 23, with shares set to be listed on both the BSE and NSE. The allotment date is expected to be finalized on October 25, and the IPO listing date is anticipated on October 28.
- Price Band: ₹1,427 to ₹1,503 per share.
- Total Funds Raised: ₹4,321.44 crore at the upper end of the price band.
- Fresh Issue: 2.4 crore equity shares worth ₹3,600 crore.
- Offer for Sale (OFS): 48 lakh shares amounting to ₹721.44 crore.
Record-Breaking Demand for Waaree Energies IPO
Waaree Energies’ IPO received unprecedented demand, setting a new benchmark with the highest number of applications ever recorded for an IPO in India. It was oversubscribed by a massive 76.34 times, receiving bids for approximately 160.91 crore equity shares against an offer size of 2.10 crore shares. The overwhelming response equated to a subscription value exceeding ₹2.41 lakh crore.
Subscription Breakdown by Investor Category:
- Retail Investors: Subscribed 10.79 times.
- Non-Institutional Investors (NIIs): Subscribed 62.49 times.
- Qualified Institutional Buyers (QIBs): Subscribed 208.63 times.
Lead Managers and Registrar
The IPO was managed by a consortium of leading financial institutions including Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory and Securities (India), SBI Capital Markets, Intensive Fiscal Services, and ITI Capital. Link Intime India Private Ltd served as the official IPO registrar.
Conclusion
The Waaree Energies IPO has successfully captivated investor interest, with record-breaking demand reflecting market confidence in the company. Investors should check their allotment status today and stay informed about the latest developments. Given the strong grey market sentiment, the market debut of Waaree Energies on October 28 is highly anticipated.
Click here to learn more
