Discover Waaree Energies IPO Allotment Status
I’m excited to share some important information about the Waaree Energies IPO allotment status! If you’re looking for the latest updates on how to check your allotment status, you’re in the right place. This article covers everything you need to know about the Waaree Energies IPO, including key details about the application process, subscription rates, and the much-anticipated allotment date. So, let’s dive in!
Overview of Waaree Energies IPO
The Waaree Energies IPO opened for bidding from October 21 to October 23, 2024, with shares priced between Rs 1,427 and Rs 1,503. Investors could apply for a minimum of nine shares, making it accessible for many. The company aimed to raise a total of Rs 4,321.44 crore, which includes a fresh issue of Rs 3,600 crore and an offer-for-sale of up to 48 lakh equity shares. The overall subscription rate reached an impressive 76.34 times, showing strong interest from various investor segments.
Key Subscription Figures
- Qualified Institutional Buyers (QIBs): 208.63 times
- Non-Institutional Investors (NIIs): 62.49 times
- Retail Investors: 10.79 times
- Employee Category: 5.17 times
How to Check Waaree Energies IPO Allotment Status
If you’ve applied for the Waaree Energies IPO and are eagerly awaiting the allotment status, here’s how you can easily check it:
- Visit the BSE Website:
- Go to BSE India’s IPO Application Status page.
- Select Equity under the issue type.
- Choose Waaree Energies Limited from the dropdown.
- Enter your application number and PAN ID.
- Complete the captcha and hit search.
- Check via Link Intime:
- Navigate to Link Intime’s IPO allotment page.
- Select the IPO name once the allotment is finalized.
- Choose one of the three options: Application number, Demat Account number, or PAN ID.
- Specify the application type as ASBA or non-ASBA.
- Fill in the required details and submit.
Waaree Energies Listing Date
The allotment date for Waaree Energies is set for October 24, 2024. Bidders will receive alerts or emails regarding the debit of funds or cancellations by October 25, 2024. This quick turnaround means you’ll soon find out if you’ve secured shares in this much-anticipated IPO.
Grey Market Premium (GMP) Insights
The grey market premium (GMP) for Waaree Energies has seen a surge, currently hovering around Rs 1,550 to Rs 1,570. This indicates potential returns exceeding 105%, suggesting that investors are optimistic about a strong listing. Many analysts predict Waaree Energies could be another multibagger opportunity.
Broker Recommendations
Various brokerage firms have shared positive views on the Waaree Energies IPO, encouraging investors to subscribe due to several factors:
- Strong Financial Performance: Waaree Energies has a solid track record.
- Growing Demand for Solar Power: The rise in renewable energy usage fuels optimism.
- Market Position and Expansion Plans: The company is well-placed for future growth, with plans to expand its production capacity.
However, potential investors should be aware of challenges such as dependence on Chinese raw materials and government policy changes.
Final Thoughts and Call to Action
If you applied for the Waaree Energies IPO, checking your allotment status is crucial. Ensure you’re aware of the updates and listing dates. I recommend keeping an eye on both the BSE and Link Intime platforms for the most accurate information.
For those looking to navigate the IPO market, staying informed and understanding the dynamics of IPO allotment status can be a game changer. Don’t miss out on the opportunity to check your allotment status!
Summary of Waaree Energies IPO Key Points
- IPO Opening Dates: October 21 – October 23, 2024
- Allotment Date: October 24, 2024
- Subscription Figures: Overall subscribed 76.34 times
- GMP: Rs 1,550 – Rs 1,570
- Application Process: Accessible via BSE and Link Intime
Feel free to share your experiences and questions about the Waaree Energies IPO in the comments below! Let’s stay updated together!
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