Waaree Energies share allotmentGMP signals multibagger listing, details here

Waaree Energies looks set for a multibagger listing after its going public saw frustrating interest from financiers, making its IPO a standout occasion.

As bidders await the share allocation status, the Grey Market Premium (GMP) of Waaree Energies has actually skyrocketed to Rs 1,560 per share, signalling possible gains of over 104%.

The IPO was open for membership from October 21 to October 23, providing shares within a repaired cost variety of Rs 1,427-1,503 per share, with a minimum lot size of 9 shares. The overall size of the offering was Rs 4,321.44 crore, that included a fresh concern worth Rs 3,600 crore and a sell (OFS) of approximately 48 lakh equity shares.

As pointed out previously, the IPO was extremely oversubscribed, with a general membership rate of 76.34 times. Certified Institutional Buyers (QIBs) revealed the greatest need, with their part subscribed 208.63 times.

Non-Institutional Investors (NIIs) scheduled 62.49 times their designated part, while retail financiers subscribed 10.79 times and staff members subscribed 5.17 times.

The offering was oversubscribed 76.34 times, driven by high need from Qualified Institutional Buyers (QIBs), who subscribed 208.63 times their assigned part. Non-Institutional Investors (NIIs) and retail financiers scheduled their parts 62.49 times and 10.79 times, respectively.

Developed in December 1990, Waaree Energies is a leading Indian maker of solar PV modules with a set up capability of 12 GW. Their item portfolio consists of multicrystalline, monocrystalline, and TopCon modules.

Brokerages were positive about the IPO, pointing out the business’ s strong financials, growing need for solar energy, considerable market share, and future development capacity. Issues were raised about the business’ s dependence on Chinese raw products, a minimal provider base, and possible policy modifications.

How to Check Waaree Energies IPO Allotment Status:

Via BSE:

Go To BSE Website.

Select “Equity” under problem type.

Pick “Waaree Energies Limited” from the dropdown.

Enter your application number and PAN ID.

Click “I am not a Robot” and struck search.

Via Link Intime India:

See Link Intime India.

Select the IPO and pick the recognition typeapplication number, Demat number, or PAN.

Select ASBA or non-ASBA.

Go into the appropriate information and captcha, then click send.

Connect Intime India, a Sebi-registered registrar, manages the electronic share allocation procedure and makes sure compliance with refund timelines and financier inquiry resolution.