Waaree Energies IPO Allotment Status: How to Check Online

Waaree energies Limited will determine and finalize which investors will receive shares from its recent Initial Public Offering (IPO). This finalization is happening today, October 24. The IPO, which was open for bidding from October 21 to October 23,  attracted significant interest, particularly from large institutional investors known as Qualified Institutional Buyers (QIBs). These are entities like mutual funds or pension funds that invest large sums. The overall demand for the IPO was extremely high, with investors collectively bidding for 79.44 times more shares than were available. Specifically, QIBs accounting for 215.03 times the shares allocated to them, Non-Institutional Investors (NIIs), who typically invest more than retail investors, subscribed 65.25 times the available shares, and the retail segment, which includes everyday investors, bid for 11.27 times the shares reserved for them.

Investment Details

The IPO price band was set between ₹1,427 and ₹1,503 per share, Investors were required to bid for at least nine shares, and could only bid in multiples of nine, Waaree Energies aimed to raise ₹4,321.44 crore through the public issue, in which ₹3,600 crore was expected to be raised by issuing new shares. The remaining amount was raised by selling up to 48 lakh (4.8 million) shares that were already owned by existing shareholders.

Checking Allotment Status

Investors can check their allotment status by visiting either the Bombay Stock Exchange (BSE) website or the Link Intime India Private Ltd portal, which is the official registrar for the IPO.

To check on BSE:

1. Visit BSE Allotment Status.
2. Select “Equity” under issue type.
3. Choose “Waaree Energies Limited” from the dropdown.
4. Enter your application number and PAN card details.
5. Complete the CAPTCHA and click “Search.”

To check via Link Intime:

1. Visit Link Intime IPO Allotment Status.
2. Select “Waaree Energies Limited” (once finalized).
3. Input your application number, Demat account, or PAN.
4. Complete the CAPTCHA and submit.

Disclaimer: This article is for informational purposes only. News Eager is not responsible for any investment decisions based on this article.

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