Waaree Energies IPO allotment date expected today
Waaree Energies IPO Allotment: The maker of solar PV modules, Waaree Energies Ltd., had great interest for its IPO and set a record for the most applications ever received. Now that the bidding process is finished, candidates are waiting for the Waaree Energies IPO allocation, which should be decided today.
The IPO allocation date for Waaree Energies is probably today, October 25. Following the October 21–23 subscription period for the IPO, the business is anticipated to determine the basis for share allocation today.
On October 25, the business will begin refunding failed bids and crediting the shares into the demat accounts of qualified applicants.
Through the websites of the BSE and NSE as well as the official IPO registrar page, investors may verify the progress of Waaree Energies’ IPO allotment online. The IPO registrar for Waaree Energies is Link Intime India Private Ltd.
Investors must take the few easy procedures listed below to verify the Waaree Energies IPO allotment status online:
Status of Waaree Energies’ IPO Allotment on the BSE:
Step 1: Go to the BSE website.
Step 2: In the Issue Type, choose “Equity.”
Step 3: From the Issue Name dropdown option, choose “Waaree Energies Limited.”
Step 4: Enter your PAN or application number.
Step 5: Click “Search” after selecting “I am not a robot” to confirm.
The screen will show your Waaree Energies IPO allocation status.
Link Intime’s Waaree Energies IPO Allotment Status:
Step 1: Click this link to access the IPO registrar website:
https://linkintime.co.in/initial_offer/public-issues.html
Step 2: From the Select Company dropdown option, select “Waaree Energies Limited.”
Step 3: Choose from your account number, DP ID, PAN, or app number.
Step 4: Enter the information according to the chosen choice.
Step 5: Select Search
The screen will show your Waaree Energies IPO allocation status.
GMP for Waaree Energies’ IPO In the gray market today, Waaree Energies shares are displaying an incredible positive trend. Stock market watchers estimate that the grey market premium for Waaree Energies’ IPO today is ₹1,558 per share. This shows that shares of Waaree Energies are trading ₹1,558 higher on the gray market than they were at issue.
Today’s Waaree Energies IPO GMP indicates that shares will be listed for ₹3,061 each, which is 104% more than the IPO price of ₹1,503 per share.
Details about Waaree Energies’ IPO
From October 21 to October 23, Waaree Energies Ltd., a maker of solar PV modules, opened its initial public offering (IPO) for subscriptions. The IPO listing date for Waaree Energies is probably October 28, and the IPO allocation date is probably today, October 25. Waaree Energies Ltd.’s equity shares will be placed on the BSE and NSE stock markets.
The pricing range for Waaree Energies’ IPO was ₹1,427 to ₹1,503 per share. The book-built issue, which included an offer for sale (OFS) of 48 lakh shares worth ₹721.44 crore and a new issuance of 2.4 crore equity shares worth ₹3,600 crore, helped the business raise ₹4,321.44 crore at the top end of the price range.
Investor interest for Waaree Energies’ initial public offering (IPO) was phenomenal, setting a record for the most applications ever received. With offers for 160.91 crore equity shares compared to the 2.10 crore shares on offer, Waaree Energies’ IPO was subscribed for 76.34 times overall. Over ₹2.41 lakh crore in subscriptions were made.
10.79 subscriptions were made to the issue in the retail category, while 62.49 subscriptions were made in the non-institutional investor (NII) category. 208.63 was reserved for the Qualified Institutional Buyers (QIBs) section.
The Waaree Energies IPO’s book running lead managers are Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory And Securities (India), SBI Capital Markets, Intensive Fiscal Services, and ITI Capital. The IPO registrar is Link Intime India Private Ltd.
