FinanceFundaa

The Waaree Energies IPO has generated significant interest among investors, leading to an impressive subscription rate. The Waaree Energies IPO Allotment status/results are expected to be finalized today, October 24, 2024.

Waaree Energies IPO Overview

• • IPO Amount : Book built issue of Rs 4,321.44 crores

• • Bidding Date and Closing Date: October 21 to October 23, 2024

• • Price Band ₹1,427-₹1,503 per share

• • Lot Size Minimum 9 shares with minimum investment of ₹13,527 for retails.

This overwhelming demand reflects strong investor confidence in Waree Energies business model and market potential.

Purpose of the IPO

The funds raised through the IPO will primarily be allocated to:

• • Partially finance the establishment of a 6GW Ingot Wafer, Solar Cell, and Solar PV Module manufacturing facility in Odisha, India (“Project”).
  • General corporate purposes.

How to Check Waaree Energies IPO Allotment Status

Investors can check their IPO allotment status via several platforms:

Check Allotment Status on Registrar’s Website:

The registrar manages allotment of shares, who is responsible for overseeing the allocation of shares. Registrars such as Link Intime India or KFin Technologies typically handle this process. Here’s how you can check through the registrar’s website:

1. 1. Visit the Registrar’s Website: Go to the official website of the registrar managing Waaree Energies IPO.

Direct Link to Check Waaree Energies IPO Allotment Status

2. 2. Select IPO Allotment: Click on the link that says “IPO Allotment Status.” Now just click on it.
   3. Choose the Waaree Energies IPO: From the dropdown menu, select “Waaree Energies IPO.”
   4. Enter Details: Enter any of the following details
      • • PAN Permanent Account Number
      • • Application Number
      • • DP Client ID for those applicants who have applied from a broker.

2. 2. Submit: Now, click on submit button after you enter all the details at your end.

2. 2. Allotment Status: After submitting the details, the website will display your allotment status.

Check Allotment Status Through National Stock Exchange (NSE)/Bombay Stock Exchange (BSE) website:

Another method to check the Waaree Energies IPO allotment status is via stock exchanges like BSE and NSE. Here’s how you can do it:

1. 1. Visit the BSE/NSE Website: Go to the official IPO allotment page of the stock exchange.

1. 1. IPO Name: Choose “Waaree Energies IPO” from the dropdown list.

1. 1. Input Required Information: Enter the required details such as your PAN number or application ID.

1. 1. Check Allotment: After submitting the details, the website will display your allotment status.

Check Allotment Status Through Bigshare Services:

• • Navigate to the Bigshare Services IPO Status page.

• • Select “Waaree Energies” from the dropdown menu.

• • Enter your details based on application number, beneficiary ID, or PAN ID to Waaree Energies IPO Allotment Status.

Direct Link to Check Waaree Energies IPO Allotment Status

Expected Timeline

• • Allotment Finalization: October 24, 2024

• • Refund Initiation: October 25, 2024

• • Listing Date: October 28, 2024

Market Performance and Grey Market Premium (GMP)

As of October 30, shares of Waaree Energies are trading at a grey market premium of approximately Rs. 1,503, indicating a potential listing gain of around 104%. This strong GMP suggests robust investor sentiment ahead of the listing.

Conclusion

The Waaree Energies IPO has not only attracted significant investor interest but also promises substantial growth potential for the company. With the allotment results expected today and shares set to be listed soon after, investors are keenly awaiting updates on their applications.