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- By Aditya Pratap Singh
- Thu, 24 Oct 2024 11:17 AM (IST)
- Source:JND
Waree Energies IPO Allotment Status: The Wari Energies IPO allotment status is anticipated to be declared today. The Initial share sale was opened for three days between October 21 to October 23 and it has got a massive subscription during this period. Waree is the nation's biggest solar panel manufacturing firm incorporated in 1990. Due to the tremendous response from institutional investors, the IPO of Solar Panel Manufacturing Wari Energies Limited was subscribed 76.34 times on the third and final day. The company has set a price band for the IPO at Rs. 1,427 to Rs. 1,503 per share.
Investors who have placed bids for the initial share sale can check the share allotment status using the Bombay Stock Exchange's (BSE) official website or from the portal of registrar Link Intime.
How To Check Waree Energies IPO Allotment Status (BSE Website)
- You need to visit 'https://www.bseindia.com/investors/appli_check.aspx'
- From the issue type, click on the option of 'Equity'
- Now, select Waaree Energies Limited from the dropdown menu.
- Next, you have to enter the application number.
- Provide PAN Card Details
- Click on 'Captcha Code' and hit on submit button.
Steps to check Waree Energies IPO Allotment Status (Link Intime Limited Portal)
- Visit the official portal of Link Intime Limited Portal
- Select Waree energies from the name of IPO or FPO
- You need to select one of the methods like Application number, Demat Account number, or PAN Card
- Choose ASBA And Non-ASBA
- Enter the that you selected in one of the previous steps
- Complete the captcha code
- And Next, click on submit.
Waree Energies Subscription Status
According to NSE data, bids were received for 1,60,91,61,741 shares against the offer of 2,10,79,384 shares in the Rs. 4,321.44 crore IPO. The segment of qualified institutional buyers (QIBs) received 208.63 times the subscription whereas the category of non-institutional investors received 62.48 times the subscription. At the same time, the category of retail investors (RIIs) was subscribed 10.79 times. WareeEnergies had raised Rs. 1,277 crore from anchor investors on Friday.
GMP of Waree Energies IPO
Waree Energies IPO GMP is indicating a bumper gain on the day of listing. According to Investorgain.com, its GMP has dropped to Rs. 1560 today, which means Waree Energies can be listed at Rs. 3063, up 103%. The GMP of Waree Energies has been bullish throughout the subscription period.
