Waaree Energies IPO: The highly anticipated IPO of Waaree Energies Ltd, a prominent solar PV modules manufacturer, is set to finalize its share allotment today, October 24, 2024. The IPO received an unprecedented response, breaking records with the highest number of applications in history. Bidders are eagerly awaiting the basis of allotment after the bidding period concluded on October 23.

Highlights

IPO Allotment: Expected today, with shares credited to successful applicants’ demat accounts on October 25.

GMP (Grey Market Premium): Currently stands at ₹1,558 per share, indicating a strong bullish trend and a projected listing price of ₹3,061, marking a remarkable 104% premium over the issue price of ₹1,503.

Subscription Details: The IPO was oversubscribed 76.34 times, with Qualified Institutional Buyers (QIBs) participating heavily at 208.63 times, and retail investors contributing a solid 10.79 times.

Steps to Check Allotment Status

Investors can verify their allotment status through the BSE and NSE websites or directly via the registrar’s portal, Link Intime India. Here’s how:

On BSE:

1. Visit the BSE IPO application status page.
2. Select ‘Equity’ in the Issue Type.
3. Choose ‘Waaree Energies Limited’ from the dropdown.
4. Enter your Application No. or PAN.
5. Verify by ticking ‘I am not a robot’ and click Search.

On Link Intime:

1. Go to the Link Intime IPO allotment page.
2. Select ‘Waaree Energies Limited’.
3. Choose your search option (PAN, Application No., etc.).
4. Enter the necessary details and click Search.

The Waaree Energies IPO marks a significant event in the Indian stock market, attracting massive investor interest. As the allotment date approaches, investors are keenly monitoring updates. With the company’s robust market potential and the solar energy sector’s growth trajectory, Waaree Energies is positioned as a promising investment opportunity.

By staying informed and following the outlined steps, applicants can efficiently track their allotment status and engage in this landmark IPO. Keep an eye on this story for updates and expert insights as the listing date, October 28, approaches.