Waaree Energies IPO Allotment: Get all details here

24 Oct 2024 , 11:05 AM

The IPO of Waaree Energies has received high subscription from the investors at ₹97.34 lakh, achieving a subscription rate of 79.44 times as of October 23, 2024, at 5:11 PM (Day 3). The company has successfully raised ₹4,321.44 crore from the IPO, which comprises fresh issue of equity shares worth ₹3600 crore and an offer-for-sale (OFS) of ₹721 crore.

Waaree Energies IPO Timeline:

Waaree Energies IPO Open Date	Tuesday, October 21, 2024
Waaree Energies IPO Close Date	Thursday, October 23, 2024
Waaree Energies Basis of Allotment	Friday, October 24, 2024
Waaree Energies Initiation of Refunds	Monday, October 25, 2024
Waaree Energies Credit of Shares to Demat	Monday, October 25, 2024
Waaree Energies Listing Date	Tuesday, October 28, 2024

 

Waaree Energies IPO Subscription status:

Date	QIB	NII	Retail	EMP	Total
Day 1 October 21, 2024	0.08	8.22	3.34	1.68	3.47
Day 2 October 22, 2024	1.82	24.75	6.69	3.30	9.19
Day 3 October 23, 2024	215.03	65.25	11.27	5.45	79.44

 

How to Check Waaree Energies IPO Allotment Status:

Investors who have applied for the Waaree Energies IPO can track the allotment status through the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) websites. Here’s how:

Steps to check on BSE:

1. Visit the official BSE website at https://www.bseindia.com/investors/appli_check.aspx.
2. From the “Issue Type” dropdown, select “Equity.”
3. Choose “Waaree Energies Limited” from the “Issue Name” dropdown.
4. Enter your application number and PAN ID.
5. Complete the captcha by clicking ‘I am not a robot’ and then press “Search.”

How to Check IPO Allotment Status in Your Bank Account:

1. Log in to your bank’s internet banking portal or mobile app.
2. Navigate to the “IPO Services” or “Application Status” section.
3. Input your PAN, application number, or other relevant details.
4. Once submitted, the status of your IPO allotment, including the number of shares allocated, should be displayed.
5. For accuracy, you can cross-check with the IPO Registrar.

How to Check IPO Allotment Status in a Demat Account:

1. Log into your Demat account via your depository participant’s (DP) mobile app or website.
2. Go to the “IPO” or “Portfolio” section.
3. Check whether the allotted shares are reflected in your Demat account.
4. If shares aren’t visible, visit the Registrar’s website and enter your application details to verify the allotment.
5. For any discrepancies, reach out to your DP’s customer service for assistance.

How to Check Waaree Energies IPO Allotment Status on Registrar Website:

1. Visit website of IPO Registrar, Link Intime India Pvt Ltd. https://linkintime.co.in/
2. Click on “Public Issue” at the Homepage.
3. You will be redirected to the IPO allotment page.
4. Select the name of the company in which you have applied for the IPO.
5. Select any one of “Application number”, “Beneficiary ID” or “PAN Number”.
6. Enter the details of your selection.
7. Click on “Submit”.

 

About the Waaree Energies IPO

The IPO of Waaree Energies Limited was opened for subscription from October 21 to October 23, 2024. Investors were allowed to apply in shares in a lot of 9 shares at an issue price of ₹1427-1503 apiece.

Waaree Energies is one of the top players of solar energy industry in India. The company specializes in PV module manufacturing, boasting a total installed capacity of 12 GW as of June 30, 2023. It operates five manufacturing facilities: one each in Surat, Tumb, Nandigram, and Chikhli in Gujarat, as well as the IndoSolar facility in Noida, Uttar Pradesh.

The company aims to use the net proceeds from the IPO towards establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India and for other general corporate purposes.

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