Waaree Energies IPO Allotment Date Today: Check Status and Latest GMP Updates - Read Now 

Waaree Energies IPO: As the Waaree Energies Ltd IPO was one of the most happening IPOs in the market for a long time as it received the highest number of applications ever filed under an IPO; its subscription was open between October 21 and October 23 and now investors are clocking hours for the allotment process that would also come out today, October 25.

Waaree Energies IPO: Stellar demand and subscription rates
The IPO of Waaree Energies attracted a great volume of demand; the issue subscribed 76.34 times, with bids for 160.91 crore equity shares against a mere offer of 2.10 crore shares. The retail category alone subscribed 10.79 times; NII portion managed to subscribe 62.49 times; QIB segment touched an astonishing 208.63 times subscription. Such a high level of interest has led to an expected listing date for the share on October 28.

Waaree Energies IPO: Allotment Process and How to Check Your Status
Waaree Energies will settle the basis of share allotment on October 25. Shares will be credited in the demat accounts of applicants who have been allotted the shares; otherwise, refund processing will be initiated. Investors can check their allotment status through the following methods:
Waaree Energies IPO: Checking Status on BSE:
Step 1:  Open the website of BSE.
Step 2:  Select 'Equity' in the Issue Type.
Step 3:  Select 'Waaree Energies Limited' from the dropdown menu.
Step 4:  Enter either your Application Number or PAN.
Confirm through checking the box that says "I am not a robot and then click "Search."
 

Link Intime Check Status: Open the website of Link Intime.
Select 'Waaree Energies Limited' from 'Select Company'.
Then, select PAN, Application No., DP ID or Account Number.
Enter all the details and then click "Search."
Waaree Energies IPO GMP Today
As of date, the grey market premium of Waaree Energies share lists at a whopping ₹1,558 per share, and hence, would be around ₹3,061 per share in listing price. Again, it is a 104 percent premium over the IPO price of ₹1,503, further signaling robust investor confidence.

Waaree Energies IPO: IPO Details Recap
Waaree Energies had its IPO open up for subscriptions to raise approximately ₹4,321.44 cr as the price band was fixed in between ₹1,427 to ₹1,503 per equity share. The offer included a fresh issue of 2.4 crore equity shares and an offer for sale (OFS) of 48 lakh shares.

At an excellent GMP, coupled with high subscription rates of the IPO, Waaree Energies is a setting a grand debut in the stock market, keeping investors eager to know how the venture pans out in days to come.

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