Waaree Energies IPO Allotment Expected Today: Key Details on GMP and How to Check Allotment Status Online

October 25, 2023

The highly anticipated IPO allotment for Waaree Energies Ltd., a prominent solar PV module manufacturer, is likely to be finalized today. The IPO, which set a record for the highest-ever number of applications, opened for bidding from October 21 to October 23 and received an overwhelming response from investors.

Allotment and Share Credit Dates

Allotment Date: Expected today, October 25

Share Credit: Shares will be credited to the demat accounts of successful applicants on October 25

Refunds: Unsuccessful applicants will receive refunds today

How to Check Waaree Energies IPO Allotment Status Online

Investors can check their allotment status on the BSE, NSE, or through the IPO registrar Link Intime India Private Ltd. Here’s a step-by-step guide:

1. Checking Allotment Status on BSE

Step 1: Go to the BSE website.

Step 2: Select “Equity” under the “Issue Type.”

Step 3: Choose “Waaree Energies Limited” in the “Issue Name” dropdown.

Step 4: Enter your Application Number or PAN.

Step 5: Verify by selecting “I am not a robot” and click “Search.”

The allotment status will be displayed.

2. Checking Allotment Status on Link Intime

Step 1: Visit the Link Intime website: https://linkintime.co.in/initial_offer/public-issues.html.

Step 2: Select “Waaree Energies Limited” in the “Select Company” dropdown.

Step 3: Choose between PAN, Application Number, DP ID, or Account Number.

Step 4: Enter the relevant details.

Step 5: Click “Search.”

The status will appear on your screen.

Waaree Energies IPO Grey Market Premium (GMP) Today

According to market observers, Waaree Energies shares are trading at a substantial premium in the grey market. The latest GMP for Waaree Energies is ₹1,558 per share, suggesting a potential listing price of ₹3,061 per share, which is 104% higher than the IPO price of ₹1,503 per share.

Waaree Energies IPO Overview

IPO Open: October 21 to October 23

Allotment Date: Likely October 25

Listing Date: Likely October 28

Listing Exchanges: BSE and NSE

With strong grey market trends and high demand, Waaree Energies Ltd is poised for a notable listing.