The IPO allotment status for Waaree Energies is expected to be announced today.
Waaree Energies, India’s largest solar panel manufacturer, completed its three-day IPO on Wednesday, October 23.
The company, founded in 1990, received a strong response from institutional investors, with the IPO being subscribed 76.34 times by the final day.
The price range for the IPO was set between Rs 1,427 and Rs 1,503 per share.
Subscription Details
According to NSE data, the IPO received bids for 1,60,91,61,741 shares compared to the 2,10,79,384 shares offered, making the total IPO worth Rs 4,321.44 crore.
Qualified Institutional Buyers (QIBs) showed significant interest, with their segment being subscribed 208.63 times.
Non-Institutional Investors (NIIs) subscribed 62.48 times, while Retail Investors (RIIs) subscribed 10.79 times.
Waaree Energies had earlier raised Rs 1,277 crore from anchor investors on Friday.
How to Check IPO Allotment Status
The IPO allotment status will be available online on the registrar’s official website, Link Intime India Private Limited, as well as on the BSE website.
Investors can check their status on Link Intime’s website by entering their PAN card number. It can also be checked on the BSE website by providing the application number and PAN number.
Current Grey Market Premium
The Grey Market Premium (GMP) for Waaree Energies IPO is currently Rs 1,560, indicating strong gains upon listing.
According to Investorgain.com, the shares are expected to list at Rs 3,063, which could result in a profit of approximately 103% on the listing day.
