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3 min read | Updated on October 25, 2024, 11:52 IST
SUMMARY
Waaree Energies IPO allotment status yet to be finalised: During the three-day bidding period, the initial public offering was subscribed 76.34 times, receiving record applications at 97.34 lakh, outperforming Bajaj Housing Finance Ltd and Tata Technologies Ltd, which got 90 lakh and 73 lakh applications, respectively.
Waaree Energies is the largest manufacturer of solar PV modules in India.
Waaree Energies IPO allotment status: The share allotment status of Waaree Energies Ltd is yet to be finalised. It was expected to be finalised on Thursday. Investors who applied for the public offer can check status online (once it is finalised) on the official websites of registrar Link Intime India Private Limited, the NSE, and the BSE.
During the October 21 to 24 bidding period, the initial share sale was subscribed 76.34 times, receiving record applications at 97.34 lakh, outperforming Bajaj Housing Finance Ltd and Tata Technologies Ltd, which got 90 lakh and 73 lakh applications, respectively.
The ₹4,321.44 crore public offer, with a price range of ₹1,427 to ₹1,503 per share, consisted of a new offering amounting to ₹3,600 crore and an offer-for-sale (OFS) valued ₹721.44 crore. The fresh issue proceeds will be used to set up a 6 gigawatt ingot wafer, solar cell & solar PV module manufacturing plant and serve general corporate purposes.
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