The much-anticipated Waaree Energies IPO has taken the Indian market by storm with its high subscription rates and strong investor interest. With a total issue size of ₹4,321.44 crores, it is set to become one of the largest renewable energy IPOs in recent times. If you’ve applied for shares in this solar powerhouse, here’s everything you need to know about the allotment and key dates.
Waaree Energies IPO Overview
Waaree Energies, a leader in solar energy solutions, opened its IPO subscription from October 21 to October 23, 2024. The company aims to raise ₹3,600 crores through fresh issues, along with an additional ₹721 crores via an Offer for Sale (OFS) by existing shareholders. The price band for this IPO is set between ₹1,427 to ₹1,503 per share.
The IPO has received a massive response, especially from institutional investors, with Qualified Institutional Buyers (QIBs) subscribing 215.03 times their portion, while the retail investors’ portion was subscribed 11.27 times
Key Dates for Waaree Energies IPO
- Allotment Date: The allotment status will be finalized on October 24, 2024. Applicants can check their allotment status via the official registrar, Link Intime India, using their PAN, application number, or DP Client IDSmart Investment.
- Refund Initiation: If you didn’t make the cut, refunds will be initiated on October 25, 2024.
- Shares Transfer to Demat: For those lucky enough to receive allotment, shares will be credited to your Demat account by October 25, 2024.
- Listing Date: The company is scheduled to list on October 28, 2024 on both the BSE and NSEIPO Central.
Waaree Energies Financial Performance
Waaree Energies has demonstrated impressive growth, with revenues of ₹11,397.61 crores in FY 2024 and a net income of ₹1,274.38 crores
IPO Central. With the fresh capital raised from the IPO, the company plans to invest heavily in expanding its solar cell and module manufacturing capacity in Odisha.
What’s Next for Investors?
If you’re still waiting for the allotment, don’t forget to check the Waaree Energies IPO allotment status via the Link Intime portal. The listing on October 28 is expected to be an exciting event, and many experts have issued subscribe recommendations, citing Waaree’s strong market positio
Stay tuned, and good luck with your investments!
