The Waaree Energies IPO has taken the market by storm, marking a record-breaking entry with its incredible subscription numbers and soaring interest among investors.
The IPO, which ran from October 21 to 23, witnessed demand that exceeded expectations, positioning Waaree Energies as one of the most sought-after listings of the year. For those who applied, today’s allotment date could reveal a promising start to their investment journey.
Allotment Details and Steps to Check Status Online
Today, October 25, is the expected day for Waaree Energies to finalize share allocations. Investors who have applied can check their allotment status easily on either the BSE website or the IPO registrar, Link Intime. Here’s how:
- BSE Allotment Status Check:
- Go to the BSE website.
- Select ‘Equity’ in the issue type and find “Waaree Energies Limited” in the dropdown.
- Enter your Application Number or PAN and complete the CAPTCHA.
- Click ‘Search’ to view your status.
- Link Intime Allotment Status Check:
- Head to Link Intime’s IPO allotment portal.
- Select “Waaree Energies Limited” from the dropdown.
- Input either your PAN, Application Number, or DP ID/Account Number.
- Click ‘Search’ to check your allotment.
With these steps, investors can quickly find out if they’ve secured a piece of Waaree Energies’ highly anticipated IPO.
Grey Market Premium (GMP): Bullish Trends Ahead?
The grey market premium (GMP) for Waaree Energies shares has been a major talking point, with shares trading at a premium of ₹1,558 over the IPO price of ₹1,503. This indicates a potential listing price around ₹3,061 per share, suggesting a 104% premium. Such a high GMP suggests investors anticipate substantial demand and strong market performance post-listing.
Waaree Energies IPO GMP Summary
| IPO Issue Price (Upper Band) | Grey Market Premium | Estimated Listing Price | Premium (%) |
|---|---|---|---|
| ₹1,503 | ₹1,558 | ₹3,061 | 104% |
Waaree Energies IPO Financials and Subscription Insights
Waaree Energies, known for manufacturing solar photovoltaic (PV) modules, launched its IPO with a price band set at ₹1,427 to ₹1,503. At the upper end, the company raised ₹4,321.44 crore, which includes a fresh issue of shares worth ₹3,600 crore and an offer for sale (OFS) of ₹721.44 crore.
The IPO garnered immense interest:
- Retail Investors: 10.79 times subscribed.
- Non-Institutional Investors (NII): 62.49 times subscribed.
- Qualified Institutional Buyers (QIBs): 208.63 times subscribed.
This massive demand shows the high investor confidence in Waaree’s growth potential, underpinned by India’s shift towards renewable energy.
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Waaree Energies IPO Subscription Summary
| Investor Category | Subscription (Times) |
|---|---|
| Retail | 10.79 |
| NII | 62.49 |
| QIB | 208.63 |
Future Outlook and Market Impact
As the solar PV industry continues to grow, Waaree Energies stands to benefit from rising demand for renewable energy solutions. Investors see this as an opportunity to back a company positioned at the forefront of sustainable energy. However, it’s essential to keep in mind that while grey market premiums suggest positive trends, market conditions can change, and listing day performance can vary.
Waaree Energies is set to list on October 28, on both the BSE and NSE, giving investors a first look at how this IPO performs in the open market.
Expert Opinions and Final Thoughts
Industry experts are optimistic about Waaree Energies’ IPO, citing the company’s strong brand presence, robust financials, and strategic expansion plans as significant positives. Financial analysts suggest that the company’s listing could serve as a benchmark for future renewable energy IPOs, especially as India aims to increase its renewable energy capacity.
With the company’s expected growth trajectory and support from retail and institutional investors, Waaree Energies could be a solid addition to portfolios focused on the green energy sector. However, as always, it’s essential for investors to assess their risk tolerance and stay updated on market trends.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investors should perform their own due diligence before investing in any IPO.
