Understanding the Waaree Energies IPO
Waaree Energies, established in 1990, is a leading player in India’s renewable energy sector. As of June 30, 2024, the company boasts 12 GW installed capacity in solar PV module manufacturing. With this IPO, Waaree aims to raise ₹4,321.44 crore to fund the development of a 6GW solar manufacturing plant and meet other corporate objectives.
The IPO ran from October 21 to October 24 and saw tremendous participation, with 76.34 times oversubscription. Investors from all segments showed strong interest:
- Qualified Institutional Buyers (QIBs): 208.63 times subscription
- Non-Institutional Investors: 62.48 times subscription
- Retail Investors: 10.79 times subscription
Waaree Energies IPO Allotment Status: Key Dates
Mark your calendars with these crucial dates to stay on top of your investment:
- IPO Allotment Status Announcement: October 24, 2024
- Share Credit to Demat Accounts: October 25, 2024
- Refunds for Unsuccessful Bidders: October 25, 2024
- IPO Listing Date: October 28, 2024
If you’ve applied for this IPO, the first step is to check the Waaree IPO allotment status once the results are out. Successful applicants will receive shares in their Demat accounts by October 25. If you didn’t get an allotment, your refund will be processed the same day.
How to Check Waaree IPO Allotment Status Online
You can check the IPO allotment status online through Link Intime India, NSE, or BSE. Here’s how to do it.
1. Checking Waaree Allotment Status on Link Intime India
- Visit the official website: Link Intime India
- Go to ‘Investor Services’ and click on ‘Public Issues.’
- Select ‘Waaree Energies IPO’ from the list.
- Enter your Application No, DP/Client ID, PAN, or Account No/IFSC.
- Click ‘Submit’ to view your allotment status.
2. Checking IPO Allotment Status on NSE’s Portal
- Head to the NSE allotment portal: NSE IPO Status.
- Log in with your account, or register if you don’t have one.
- Select ‘Waaree Energies IPO.’
- Enter your PAN and Application No. to verify.
- Click ‘Submit’ to see your IPO allotment status.
3. Using BSE’s Website for Waaree IPO Allotment Status Check
- Visit the BSE IPO allotment status’s portal.
- Search for Waaree Energies IPO in the list of public issues.
- Enter the required details like PAN or Application No.
- Click ‘Search’ to view the status.
Waaree IPO Allotment Date and Time: When to Expect Results
The Waaree Energies IPO allotment date is October 24, and you can check the waaree allotment status online from that morning. Typically, the IPO registrar makes results available by mid-morning or early afternoon, so if you don’t see your status right away, don’t panic. Just try again a bit later.
Why Investors Are Excited About the Waaree Energies IPO
There’s a lot of optimism surrounding Waaree Energies IPO allotment. The company’s strong track record in renewable energy and ambitious plans for expansion have fueled investor confidence. India’s growing focus on solar energy makes this IPO particularly attractive, with both QIBs and retail investors showing strong interest.
With 97.34 lakh applications, the IPO set a new record, surpassing Bajaj Housing Finance and Tata Technologies. Investors are expecting a good listing premium, which adds to the excitement around the Waaree IPO subscription status.
Refund Process for Unsuccessful Investors
If you didn’t receive an allotment, don’t worry – refunds will be processed on October 25. The refund amount will be credited back to the account linked with your IPO application. Alternatively, you could buy Waaree Energies shares from the secondary market after the official listing on October 28.
What to Expect on Waaree Energies IPO Listing Day
When Waaree shares debut on the NSE and BSE on October 28, investors can expect some market volatility. Given the strong demand and oversubscription, there’s a chance of a positive listing premium. However, it’s wise to be cautious, as market sentiment can shift quickly.
IPO Allotment Status Check: Your Next Steps
If you’ve applied for the Waaree Energies IPO, checking the IPO allotment status is your first task. Make sure to keep an eye on the waaree allotment date and use the Link Intime India or NSE portal to confirm your allotment. For those who receive shares, the listing date on October 28 will be your next big moment. If you don’t get shares, no worries – the market always offers other opportunities!
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Conclusion
The Waaree Energies IPO allotment status’s might bring joy to some and disappointment to others, but the bigger picture is the company’s long-term potential. With India’s growing push toward solar energy, Waaree Energies is well-positioned for future growth.
Whether you’re investing for a quick profit or holding out for the long haul, this IPO offers a glimpse into the bright future of renewable energy in India. Even if you missed out on allotment, you can still buy shares after listing or explore other IPOs that align with your investment goals.
