Waaree Energies recently launched its IPO, which opened for subscription from October 21 to October 23, 2024. The price band for the IPO is set between ₹1,427 to ₹1,503 per share, with a lot size of 9 shares, meaning the minimum investment required is approximately ₹13,527. The total issue size is around ₹4,321.44 crores, which includes a fresh issue of ₹3,600 crores and an offer for sale of ₹721.44 crores
Investors can expect the allotment status to be finalized by October 24, 2024, with refunds initiated by October 25, and shares credited to demat accounts on the same day. The shares are expected to be listed on both the BSE and NSE on October 28, 2024
As for the grey market premium (GMP), it has been quite positive, indicating strong demand. The GMP has shown an upward trend leading up to the IPO, reaching ₹1,500 on October 24, 2024, suggesting a favorable listing expectation
To check the allotment status online, investors can visit Link Intime’s official website, where they can enter their application details to see whether they have been allotted shares
