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4 min read | Updated on October 23, 2024, 18:47 IST
SUMMARY
The ₹4,321.44-crore book-building issue was open for subscription from October 21 to October 23. Shares of Waaree Energies will be listed on the NSE and BSE. The Waaree Energies IPO listing date has been tentatively fixed as October 28.
Waaree Energies IPO share allotment likely to be finalised on October 24: Steps to check status on NSE, BSE and Link Intime
Waaree Energies Limited IPO share allotment status is expected to be finalised on Thursday, October 24, after the end of the subscription with a strong demand. The ₹4,321.44-crore book-building issue was open for subscription from October 21 to October 23.
On the last day of bidding, Waaree Energies IPO was booked 76.34 times with bids for more than 160.91 crore shares against the 2.10 crore shares on offer.
Waaree Energies IPO share allotment status can be checked on the websites of the issue registrar, Link Intime India Private Ltd, and the NSE as well as the BSE.
Investors can also check Waaree Energies IPO share allotment status on the BSE website by entering the PAN and IPO application number.
After finalising the IPO allotment, Waaree Energies Limited will transfer shares to the demat accounts of successful bidders on October 25 while initiating refunds for the non-allottees.
Shares of Waaree Energies will be listed on the NSE and BSE. The IPO listing date has been tentatively fixed at October 28.
The Non-Institutional Investors (NIIs) booked their quota 62.49 times with bids for more than 27.71 crore shares against 44.35 lakh shares reserved for them.
The retail portion of the IPO was booked 10.79 times, with applications for 11.17 crore shares against 1.03 crore shares set aside for the category.
The mainboard issue was subscribed over 208 times in the Qualified Institutional Buyers’ (QIBs) category. The QIBs placed bids for over 121.79 crore shares against 58.37 lakh shares reserved for them.
The company's employees applied for 23.55 lakh shares against the 4.55 lakh shares reserved for them. The employees booked their segment 5.17 times.
The mainboard issue comprises a fresh issue of 2.4 crore shares, amounting to ₹3,600 crore, and an offer-for-sale (OFS) component of 48 lakh shares, amounting to ₹721.44 crore.
The IPO price band was fixed at ₹1,427 to ₹1,503 per share. The minimum lot size for retail investors was fixed at 9 shares, which translates to an investment of ₹13,527.
The company will use the proceeds of the public issue to finance the establishment of a manufacturing facility in Odisha and for general corporate purposes.
Waaree Energies Limited was incorporated in December 1990. The company manufactures solar Photovoltaic (PV) modules. Its product portfolio consists of Multicrystalline modules, Monocrystalline modules, and TopCon modules. The company also manufactures Building-Integrated Photovoltaic (BIPV) modules. The company’s manufacturing facilities are located in Surat, Tumb, Nandigram, and Chikhli in Gujarat.
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