Waaree Energies IPO allotment not yet finalised: Applicants await status check online on Link Intime India, NSE; step-by-step guide

By Upstox News Desk

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-ipo-allotment-status-gmp-listing-date-.webp

Waaree Energies is the largest manufacturer of solar PV modules in India.

Waaree Energies IPO allotment status update

The share allotment status of Waaree Energies IPO has been finalised. Please check the latest updated story HERE.

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.

Qualified institutional buyers (QIBs) bid the most, subscribing 208.63 times the part set aside for them. The NIIs or non-institutional investors portion subscribed 62.48 times, while the retail investors portion fetched 10.79 times subscription.

Waaree Energies IPO allotment: How to check status online on NSE

Go to the IPO allotment page of NSE at www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
Registered users can log in using username and password. New users will need to sign up.
Select 'Waaree Energies Ltd'
Verify PAN and enter your IPO application number
Click on the 'submit'. The allotment status will be displayed on the screen.

Investors can also check Waaree Energies IPO allotment status on the official website of BSE.

Waaree Energies IPO: A deep dive

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

Visit Link Intime India's allotment status portal: https://linkintime.co.in/Initial_Offer/public-issues.html
From the drop-down menu, pick 'Waaree Energies.'
Enter either your application number, DP/Client ID, PAN, or account number/IFSC
Click on the 'submit'.

Waaree Energies IPO: Listing and allotment date

Waaree Energies shares will be credited to the Demat accounts of successful investors on Friday, October 25. Refunds will be initiated on the same day for investors who did not receive allotment. Shares of Waaree Energies will list on Monday, October 28.

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.

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

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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Waaree Energies IPO allotment not yet finalised: Applicants await status check online on Link Intime India, NSE; step-by-step guide

Waaree Energies IPO allotment: How to check status online on NSE

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