The share allotment status for Waaree Energies Ltd.'s Initial Public Offering (IPO) is expected to be finalized on Thursday, October 24. The IPO saw high demand during its three-day subscription period from October 21 to October 23, with an overall subscription rate of 76.34 times. Investors placed bids for over 160.91 crore shares, compared to the 2.1 crore shares available.
Qualified Institutional Buyers (QIBs) subscribed 208.63 times their allotted quota, while the retail investors' portion was subscribed 10.79 times. Non-institutional investors (NIIs) subscribed 62.48 times their category.
Now that the bidding process has ended, investors are waiting for the company to finalize the IPO share allotment. To check the status, they can visit the websites of NSE, BSE, or the IPO registrar, Link Intime India Private Ltd.
How to Check Waaree Energies IPO Allotment Status on NSE:
- Go to the NSE IPO allotment page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
- Log in with your username and password.
- Select 'Waaree Energies' from the list of IPO names.
- Enter your PAN and IPO application number.
- Check the 'I am not a Robot' box.
- Click the 'Submit' button.
You can also check the allotment status on the BSE website using your PAN and application number. The details will be available after the company completes the share allocation.
Waaree Energies IPO details
The Waaree Energies IPO was a book-building issue worth ₹4,321.44 crore. It included a fresh issue of 2.4 crore shares and an offer-for-sale (OFS) of 48 lakh shares.
The IPO price range was set between ₹1,427 and ₹1,503 per share. For retail investors, the minimum lot size was 9 shares, requiring a minimum investment of ₹13,527.
Refunds for unsuccessful applicants will be processed on October 25, and shares will be transferred to the Demat accounts of successful allottees on the same day.
Waaree Energies shares are set to be listed on the NSE and BSE on Monday, October 28.
Founded in December 1990, Waaree Energies is a leading solar panel manufacturer with four factories in Gujarat.
- Tags:
- Latest news
0 Comments:
Leave a Reply