Waaree Energies’ allotment status is one of the most significant events for investors. The IPO closed on October 23, 2024, and the allotment will be finalized today, October 24, 2024.
So, how to check Waaree Energies’ allotment status? subscription performance, and whether it’s an excellent buy.
Note: On October 28, 2024, Waaree Energies shares will be listed on the stock exchanges.
How to Check Waaree Energies IPO Allotment Status Today:
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Visit the Registrar’s Website: The IPO’s official registrar, Link Intime, allows you to check your allotment status. You can visit Link Intime’s IPO allotment page.
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Select Waaree Energies IPO: Choose “Waaree Energies IPO” from the drop-down menu.
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Enter the Required Details:
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PAN: Provide your PAN number.
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Application Number: Use the application number received during the bidding process.
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DP Client ID: If applicable, enter your Demat account details.
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Submit and View: After entering the required details, click “Submit” to check your status.
Waaree Energies IPO 2024: Key Details and Subscription Insights
Waaree Energies, a renewable energy player, went public in October 2024 for ₹4,321.44 crore. The IPO got a lot of interest, with total bids of ₹2.42 lakh crore. It reflects a strong market interest.
IPO Subscription Breakdown:
Qualiified Institutional Buyers (QIBs): 215.03 times subscribed.
Non-Institutional Investors (NIIs): 65.25 times subscribed.
- Small NIIs (bids below ₹10L) subscribed 53.10 times.
- Large NIIs (bids above ₹10L) subscribed 71.32 times.
Retail Investors: 11.27 times subscribed, highlighting solid retail participation.
Employees: Subscribed 5.45 times.
These figures indicate high demand, especially from institutional investors, showcasing confidence in Waaree Energies’ future prospects.
Is Waaree Energies’ IPO Oversubscribed?
Yes, Waaree Energies’ IPO was significantly oversubscribed. The issue was subscribed to 79.44 times, with strong interest across investor categories.
Qualiified Institutional Buyers (QIBs) led the way with 215.03 times subscription, while retail investors subscribed 11.27 times of their reserved portion.
Is Waaree Energies a Smart Buy?
Waaree Energies is a player in the green energy space, specializing in solar energy solutions. It is expected to perform well as clean energy needs rise. It all depends on factors such as the performance after the IPO, the market climate, and the growth plans. The grey market premium (GMP) signifies an upbeat outlook.
Before deciding, potential investors should consider their risk comfort and long-term goals.
Waaree Energies IPO allotment status was announced today. If you’re one of the applicants, check your allotment status by following the steps above. Your advisor can help you determine whether the IPO is right for you.
Rajani S
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