Waaree Energies: IPO Allotment Finalised

Waaree Energies IPO News: Waaree Energies, one of India's largest solar panel manufacturers, has finalised its Initial Public Offering (IPO) allotment, with the shares listing at a healthy premium of 104% in the unlisted market.

Investors may have received debit notices from their banks regarding the allotment; however, those who have not yet should expect to get them today. Waaree Energies' shares are trading in the unlisted market with a GMP of Rs 1,590, representing a 106% listing gain.

Furthermore, between October 21 and October 23, the Waaree Energies IPO attracted 79.44 times the number of subscriptions. And so far, the retail quota has been subscribed to 11.27 times, while its non-institutional investor (NII) category has attracted a 65.25 times subscription. So far, the QIB quota has been subscribed 215.03 times.

Waaree Energies IPO Listing Date

Open Date: October 21, 2024

Close Date: October 23, 2024

Basis of Allotment: October 24, 2024

Refunds Initiation: October 25, 2024

Credit of Shares: October 25, 2024

IPO Listing Date: October 28, 2024

Waaree Energies IPO: Details

Price Band: ₹1427 to ₹1503 per share

IPO Lot Size: 9 shares

In fact, the shares of Waaree Energies are scheduled to be listed on both BSE and NSE on October 28. So, investors can check Waaree Energies IPO allotment status online through:

BSE Website

NSE Website

IPO Registrar's Website

Now, the steps to Check Allotment Status:

• Visit the website
• Click on 'IPO Allotment Status'
• Enter the application number or PAN number
• Click 'Submit'

The IPO is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer For Sale (OFS) of 48 lakh equity shares worth Rs 721.44 crore, at the upper end of the price band, by a promoter and existing shareholders. This translates into a total issue size of Rs 4,321.44 crore.

In fact, the company’s market valuation has been pegged at over Rs 4,300 crore post-issue at the upper end of the price band.