Waaree Energies IPO allotment finalised: How to check status online on Link Intime India & NSE, and when will shares be credited?

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By Kamal Joshi

2 min read | Updated on October 25, 2024, 16:34 IST

SUMMARY

Waaree Energies IPO allotment finalised: Investors usually receive an SMS regarding the allotment. The status can also be checked online on the NSE and BSE portals, as well as Link Intime India Pvt Ltd's website.

Waaree Energies is the largest manufacturer of solar PV modules in India, with an aggregate installed capacity of 12 GW as of June 30, 2024.

Waaree Energies IPO allotment status has been finalised by the company. Investors who participated in the subscription can check their status online on the portals of the National Stock Exchange (NSE), the BSE and the issue's registrar, Link Intime India Private Limited.

The initial share sale received a stellar response from investors, who oversubscribed the IPO 76.34 times. The qualified institutional buyers (QIBs) portion saw an impressive subscription of over 208 times. The category for retail investors was booked 10.79 times the reserved quota, while the non-institutional investors' part was subscribed 62.48 times.

Investors usually receive an SMS regarding the allotment. The status can also be checked online on the NSE and BSE portals, as well as Link Intime India's website.

Waaree Energies IPO: How to check share allotment status online on Link Intime India

Visit the IPO page of Link Intime India- https://linkintime.co.in/Initial_Offer/public-issues.html
Under the 'Select Company' dropdown menu, select 'Waaree Energies'.
Enter either your PAN, Demat account number (DP ID/Client ID),IPO application number or account number and IFSC
Click on the 'Submit'.

Waaree Energies IPO allotment status will be displayed on the screen.

Waaree Energies IPO allotment status on NSE website: Steps

Open the NSE allotment status website: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
Existing users can log in with your user ID and password. New users need to register.
Select Waaree Energies from the list for company names
Enter PAN and IPO application number
Click on the 'submit' button

The share allotment was expected to be finalised on Friday. However, it was delayed due to a record number of applications, according to a media report. Waaree Energies received the highest-ever number of applications, at 97.34 lakh, outperforming Bajaj Housing Finance and Tata Technologies, which received 90 lakh and 73 lakh applications, respectively.

Waaree Energies IPO: Shares credit and listing date

Shares will be transferred to the allottees' demat accounts on Friday. Refunds for investors who have not received shares will be initialed on the same day.

Shares of Waaree Energies Ltd are likely to be listed on both the NSE and BSE (formerly the Bombay Stock Exchange) on Monday, October 28.

To learn more about IPO listings, schedules, and upcoming IPOs, visit our page.

About The Author

Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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Waaree Energies IPO allotment finalised: How to check status online on Link Intime India & NSE, and when will shares be credited?

Waaree Energies IPO: How to check share allotment status online on Link Intime India

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