The much-anticipated Waaree Energies IPO allotment is likely to be finalized today, October 24, 2024. Waaree Energies, a leading solar PV modules manufacturer, received a stellar response to its IPO, which was oversubscribed multiple times. Investors are now eagerly waiting to check their allotment status and understand the listing potential of this high-demand IPO.
Key IPO Details
Waaree Energies IPO was open for subscription from October 21 to October 23, 2024. The price band was set between ₹1,427 and ₹1,503 per share. At the upper end of the price band, the company raised approximately ₹4,321 crore, which included a fresh issue of ₹3,600 crore and an offer for sale (OFS) worth ₹721 crore.
Waaree Energies IPO Details
| IPO Details | Information |
|---|---|
| Price Band | ₹1,427 – ₹1,503 |
| Issue Size | ₹4,321 crore |
| Fresh Issue | ₹3,600 crore |
| Offer for Sale (OFS) | ₹721 crore |
| Allotment Date | October 24, 2024 |
| Listing Date | October 28, 2024 |
| Exchanges | BSE, NSE |
How to Check Waaree Energies IPO Allotment Status Online
Investors can check the Waaree Energies IPO allotment status online through the official websites of BSE, NSE, or the IPO registrar, Link Intime India Pvt Ltd. Here’s how you can check:
- BSE Website:
- Visit the BSE IPO Allotment Status page.
- Select ‘Equity’ as the issue type.
- Choose ‘Waaree Energies Ltd’ in the Issue Name dropdown.
- Enter your Application Number or PAN.
- Click on ‘I’m not a robot’ and then ‘Search’ to view your allotment status.
- Link Intime Website:
- Visit the Link Intime IPO Allotment page.
- Select ‘Waaree Energies Ltd’ from the dropdown menu.
- Choose PAN, Application Number, or DP/Client ID.
- Enter the required details and click on ‘Search’ to view your status.
Waaree Energies IPO GMP (Grey Market Premium)
As of today, Waaree Energies shares are commanding a Grey Market Premium (GMP) of ₹1,558 per share. This indicates that the stock is expected to list at approximately ₹3,061 per share, a 104% premium over the issue price of ₹1,503.
The strong GMP reflects robust demand and optimism surrounding Waaree Energies, which is poised to benefit from the growing solar energy market.
What to Expect on Listing Day
The Waaree Energies IPO is set to list on October 28, 2024, on both the BSE and NSE. Given the strong GMP and oversubscription across all investor categories, the stock is expected to have a strong debut, potentially delivering substantial returns to investors.
Analyst View: Should You Hold or Sell Post-Listing?
Waaree Energies operates in a high-growth sector, with solar energy demand expected to increase in the coming years. Analysts believe the company’s robust financial performance and position as a leading solar PV manufacturer make it a promising long-term investment. However, given the substantial GMP, some investors may choose to book profits on listing day.
For long-term investors, holding onto Waaree Energies shares could prove beneficial, especially as the company continues to capitalize on the renewable energy boom.
Disclaimer
This article provides general information about the Waaree Energies IPO. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
