Waaree Energies IPO Allotment: Check Status and GMP Today

Waaree Energies IPO Allotment: Record-Breaking Demand and Stellar Performance

The initial public offering of solar PV modules manufacturer Waaree Energies Ltd has created waves in the market with its stellar demand and record-breaking number of applications. The IPO bidding period has ended, and now all eyes are on the Waaree Energies IPO allotment, which is expected to be finalized today.

Waaree Energies IPO allotment date is likely today, October 24. The company is set to determine the basis of share allotment after the IPO subscription window was open from October 21 to 23.

Investors eagerly await the credit of shares into their demat accounts on October 25, while refunds for unsuccessful bidders will also be initiated on the same day.

To check the Waaree Energies IPO allotment status online, investors can visit the BSE and NSE websites or the official portal of IPO registrar, Link Intime India Private Ltd.

The grey market premium (GMP) for Waaree Energies shares is currently at ₹1,558 per share, indicating a strong bullish trend. This suggests that the shares may list at a premium of 104% to the IPO price of ₹1,503 per share.

Waaree Energies IPO received overwhelming demand, attracting bids for 160.91 crore equity shares against the offer of 2.10 crore shares. The issue was subscribed 76.34 times, with subscriptions worth over ₹2.41 lakh crore.

The IPO price band was set at ₹1,427 to ₹1,503 per share, and the company raised ₹4,321.44 crore from the book-built issue. The IPO listing date is scheduled for October 28 on both BSE and NSE.

Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory And Securities (India), SBI Capital Markets, Intensive Fiscal Services, and ITI Capital are the book running lead managers for the Waaree Energies IPO.

As investors eagerly await the allotment results, the market buzz around Waaree Energies IPO continues to grow. Stay tuned for more updates on this exciting development in the market.