The share allotment status for the initial public offering (IPO) of Waaree Energies Ltd. is expected to be finalised on Thursday, October 24.
The mainboard issue garnered significant demand during its three-day subscription period from October 21 to October 23. Waaree Energies IPO witnessed was subscribed 76.34 times overall. The mainboard issue received bids for over 160.91 crore shares compared to 2.1 crore shares on offer.
The Qualified Institutional Buyers (QIBs) booked their quota 208.63 times, while the retail portion of the IPO was subscribed 10.79 times. The Non-institutional investors (NIIs) booked their category 62.48 times.
Investors are now waiting for the company to finalise the IPO share allotment status after the end of the bidding process. The investors can check the Waaree Energies IPO share allotment status on the websites of the NSE, BSE and the issue registrar Link Intime India Private Ltd.
Steps to check Waaree Energies IPO share allotment status on NSE
● Open the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
● Login with username and password.
● Choose ‘Waaree Energies’ from the drop-down menu for issue names.
● Enter PAN and IPO application number.
● Click on the ‘I am not a Robot’ checkbox.
● Hit the ‘Submit’ button.
Here’s how to check Waaree Energies IPO share allotment status on registrar Link Intime India website
● Open Link Intime India Pvt Ltd website: https://www.linkintime.co.in/
● Click on ‘Investor Services’ on the main menu and select ‘Public Issues’.
● Choose ‘Waaree Energies’ from the drop down menu for company names.
● Enter any of these- Application No, DP/Client ID, PAN, or Account No / IFSC.
● Click Submit and your allotment status will be shown on your screen
Waaree Energies IPO share allotment status can also be checked on the BSE website using PAN and application number. Investors should note that the details of the IPO allotment status will only be displayed after the company completes share allocation.
Waaree Energies IPO details
The Waaree Energies IPO was a book-building issue worth ₹4,321.44 crore. The public issue consisted of a fresh issuance of 2.4 crore shares and an offer-for-sale (OFS) portion of 48 lakh shares.
Waaree Energies IPO price band was set at ₹1,427 to ₹1,503 per share. For retail investors, the minimum lot size was 9 shares. The minimum investment per application was ₹13,527.
Waaree Energies Ltd. will process refunds for unsuccessful applicants on October 25. The company will also transfer shares to the Demat accounts of allottees the same day.
Waaree Energies shares are scheduled to be listed on the NSE and BSE on Monday, October 28.
Waaree Energies, incorporated in December 1990, is a leading manufacturer of solar panels. The company operates four manufacturing facilities in Gujarat.
Content retrieved from: https://www.cnbctv18.com/market/waaree-energies-ipo-allotment-steps-to-check-status-online-subscription-size-nse-19497949.htm.
