Waaree Energies IPO received one of the highest ever number of applications at Rs 97.34 lakh. The initial share sale by one of the major players in the solar energy sector in India attracted subscription of over Rs 2.41 lakh crore as the three-day maiden share sale concluded with 76.34 times subscription.
The Rs 4,321.44 crore IPO received bids for 160 crore shares against 2.10 shares on offer. Earlier, it mobilised Rs 1,277 crore from anchor investors. The issue has a price band of Rs 1,427 to Rs 1,503 per share.
Waaree Energies IPO GMP today price
Waaree Energies IPO has sparked significant interest in the grey market, with its GMP initially soaring to a range of Rs 1,500 – 1,510 last week. This suggested over 100 percent potential listing gains, reflecting strong demand for the shares of one of India’s leading solar energy firms.
However, the GMP has recently eased to Rs 1,370 – Rs 1,375, indicating a slight market adjustment. Despite this dip, the projected listing gains remain robust at over 90 percent.
Waaree Energies shares are likely to be allotted to successful bidders on October 24. Those who subscribed to the issue can check their allotment status on the official website of the registrar, Link Intime and the BSE.
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Waaree Energies IPO allotment date today: Steps to check share allotment status on Link Intime
Step 1: Open the link to the official registrar of the issue on this URL: https://linkintime.co.in/initial_offer/
Step 2: Select the company from the dropdown menu.
Step 3: You check your allotment status by filling in details like PAN, application number or DP client ID.
Step 4: Press the Submit button
Step 5: Your allotment status will be shown in the window.
Waaree Energies IPO allotment status check on BSE Direct Link
Step 1: Open the website of Bombay Stock Exchange (BSE).
Step 2: Click on ‘Investors’ option.
Step 3: On the ‘Investor Services’ dropdown, click on ‘Status of Issue Application’.
Step 4: Click on ‘Application Status Check’.
Step 5: Select Equity in the issue type.
Step 6: Fill in the required details including the ‘Issue Name’.
Step 7: Enter your PAN number and click on Search to view the status
Proceeds from the fresh issue will be used for setting up the 6 GW (gigawatt) of the Ingot Wafer, Solar Cell and Solar PV module manufacturing facility in Odisha. Besides, a portion will be used for general corporate purposes.
Waaree Energies, one of the major players in the solar energy industry in India, is focused on PV module manufacturing with an aggregate installed capacity of 12 GW as of June 30, 2023.
It operates five manufacturing facilities with one factory each, located at Surat, Tumb, Nandigram and Chikhli in Gujarat, and the IndoSolar Facility, in Noida, Uttar Pradesh.
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