Waaree Energies IPO GMP (Image Source: iStockphoto)
Waaree Energies Limited, a prominent Indian maker of solar photovoltaic (PV) modules, raised Rs 4,321.44 crore in its recently concluded Initial Public Offering (IPO). The offering includes a fresh issue of 2.4 crore shares worth Rs 3,600 crore and an offer for sale of 0.48 crore shares worth Rs 721.44 crore.
The bidding for Waaree Energies IPO started from October 21 to October 23, with the allotment finalised on October 25. The company is scheduled to list on the BSE and NSE on Monday, October 28.
Priced in the range of Rs 1,427 to ₹1,503 per share, the IPO’s minimum application size is set at nine shares, equating to a retail investment of ₹13,527. For sNII investors, the minimum investment starts at 15 lots (135 shares) or ₹202,905, while bNII investors need a minimum of 74 lots (666 shares), requiring an investment of ₹1,000,998.
As per multiple websites that track the grey market premium activities, the shares of Waaree Energies IPO are commanding a GMP in the price range of Rs 1500 – Rs 1530 in the unlisted market.
How To Check ‘Waaree Energies IPO’ allotment status on BSE? Step-By-Step Guide
Step 1: Visit the BSE official website’s allotment page.
Step 2: Go to ‘Issue Type,’ select ‘Equity’.
Step 3: Select IPO from the dropdown under ‘Waaree Energies IPO’.
Step 4: Enter PAN or application number.
Step 5: After entering your PAN or application number, your allotment status will appear on screen.
Waaree Energies is among India’s largest manufacturers of solar PV modules, with an installed capacity of 12 GW as of June 2023. The company’s product lineup includes a range of solar energy solutions such as multicrystalline, monocrystalline, and TopCon modules, with advanced features like flexible bifacial modules and building-integrated photovoltaic (BIPV) options.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
