Waaree Energies has made waves with its blockbuster IPO, which witnessed unprecedented demand from investors. The allotment date is likely today, and excitement is high as people await the final allotment status. In this blog, we’ll dive into the key details of Waaree Energies IPO, the latest Grey Market Premium (GMP), and how you can check your allotment status online.
Waaree Energies IPO Overview
Waaree Energies is a leader in India's solar energy industry, producing top-tier photovoltaic (PV) modules and providing renewable energy solutions. With the growing focus on sustainability, the company’s IPO drew massive interest from investors.
- Price Band: ₹1,427 to ₹1,503 per share.
- Issue Size: ₹4,321.44 crore at the upper-end of the price band.
- Fresh Issue: 2.4 crore equity shares worth ₹3,600 crore.
- Offer for Sale (OFS): 48 lakh shares amounting to ₹721.44 crore.
- Total Subscription: The IPO was subscribed a record 76.34 times, receiving bids for 160.91 crore equity shares as against the 2.10 crore shares on offer. Waaree Energies IPO attracted an astounding ₹2.41 lakh crore worth of bids.
Latest Grey Market Premium (GMP)
The Grey Market Premium (GMP) reflects the market’s sentiment toward an IPO before it gets listed on the exchanges. As of today, the GMP for Waaree Energies IPO is hovering around ₹______, indicating strong positive momentum. Investors who receive allotment could potentially see significant gains on listing day.
Steps to Check Waaree Energies IPO Allotment Status Online
Here’s how you can easily check if you’ve received an allotment:
1. Registrar’s Website
Waaree Energies has appointed an official registrar (Link Intime or KFin Technologies) to manage the IPO allotment process.
- Go to the registrar’s website.
- Select Waaree Energies IPO from the dropdown list.
- Enter your PAN number, application number, or DP Client ID.
- Fill in the captcha for verification and click Submit.
2. BSE/NSE Website
You can also check your allotment status through the official stock exchanges:
- Visit the BSE or NSE website.
- Under the ‘IPO’ section, select ‘Waaree Energies IPO’.
- Enter your PAN number or application number and hit Search.
3. Through Your Broker
Many brokerage platforms like Zerodha, Upstox, Angel One, and others provide allotment status updates. Simply log in to your broker’s app, navigate to the IPO section, and check the status under Allotment.
What Next After Allotment?
- If Allotted: The shares will be credited to your Demat account before the listing date.
- If Not Allotted: Refunds will be initiated, and you can expect the funds to be returned to your bank account shortly.
Conclusion
The Waaree Energies IPO has set new benchmarks, with record-breaking demand and a high level of investor enthusiasm. With allotment expected today, make sure to follow the steps above to check your status. Stay tuned for listing day updates, and keep an eye on the Grey Market Premium for potential post-listing gains!
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