There seems to be a strong possibility that the allotment of Waaree Energies’ IPO will be declared on Friday, 24 October. Notably, IPO ended its subscription period yesterday, 23 October. It was one awaited public issue and a fantastic demand was seen. Now, applicants can view their allotment status for this IPO online via its official websites with the BSE, NSE, or Link Intime India Private Ltd, the registrar.
The concern now shifts towards allotment as it is a necessary step for the solar PV modules manufacturer that had raised IPO. Those who have been the part of IPO can check their allotment through visiting the websites of BSE or NSE and then clicking on the relevant issue to check Waaree Energies IPO allotment. The Link Intime portal also provides a link through which one can check the allotment status of this IPO, also required in terms of PAN or application number.
Waaree Energies IPO allotment: Company sees highest subscription rates
The Waaree Energies IPO, that opened for bids between 21 and 23 October, has seen a record. The company has seen one of the highest subscription rates. The Waaree Energies IPO allotment will be confirmed to shares which shall be credited to demat accounts of successful applicants on 25 October. For those who have not been able to get the shares, refunds will be processed on the same date.
From the steps mentioned above, one can know very easily if they have been allotted shares in the Waaree Energies IPO. All one has to do is access the BSE, NSE, or Link Intime platforms and click on the IPO issue in which they applied, mention their application or PAN number, and then authenticate their identity to check the status.
Shares of Waaree Energies are up for strong demand, as indicated by the grey market premium. Grey market premium is available at ₹1,558 a share, much above the issue price. Listing will take place on October 28 after Waaree Energies IPO allotment wherein shares will open with a premium in the stock market.
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