Waree Energies IPO Allotment Today: How To Check Status Online? Latest GMP Hints Strong Listing

Waaree Energies IPO: India's largest manufacturer of solar PV modules, is going to announce the allotment of shares on Thursday, October 24, 2024, after its Rs 4,321.44 crore IPO received a strong subscription. The equity shares proposed in the IPO will be listed on BS and NSE.

Waaree Energies IPO Allotment Today:

There are three ways to check the status of your application in Waaree Energies IPO Link Intime India, BSE, and NSE. While the allotment of shares is being carried on October 24, the initiation of refunds or the credit of shares in the Demat account will take place on October 25.

To check the application status on Link Intime, click on the link below:

https://linkintime.co.in/initial_offer/public-issues.html

Step 1: You will be directed to the IPO allotment status page of Link Intime upon clicking the link.

Step 2: Select 'Waree Energies' in the 'Select Company' option.

Step 3: Notably, the application status can be reviewed through PAN card number, Application Number, Client ID/DP, Account Number, and Bank IFSC code. So you can feed in either of the details.

Step 4: Click SUBMIT and you will be able to review the application.

To Check Application Status On BSE, Click On The Link Below:

https://www.bseindia.com/investors/appli_check.aspx

Step 1: Here, you will have to select the 'Issue Type' which would be EQUITY.

Step 2: Then select 'Waree Energies' in the 'Issue Name' option.

Step 3: The third process is to add either 'Application No' or 'PAN number'.

Step 4: Finally click on SEARCH to review the status of your bidding in the IPO.

To Check Your Application Status On NSE, Click On The Link Below:

https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jspb

As per the NSE website, to avail of this facility, the investor has to register one time by providing the PAN details. The user shall be able to view the details of the bids entered against the registered PAN number. However, first, they need to register on NSE. On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.

NSE will also provide Allotment information as provided by the registrar to the issue.

Waree Energies GMP Today:

The latest GMP of Waree Energies is hinting at strong listing. As per Investor Grain data, Waaree Energies IPO last GMP is ₹1560, last updated Oct 24th 2024 08:24 AM. With the price band of 1503.00, Waaree Energies IPO's estimated listing price is ₹3063 (cap price + today's GMP).The expected percentage gain/loss per share is 103.79%.

Waree Energies Listing:

After the credit or refund of shares, the company will list on BSE and NSE on October 28.

In its IPO note, ICICI Direct had said that sales/PAT at WEL has grown at a CAGR of 100%/277% respectively over FY22-24, led by capacity scaleup and consistent improvement in EBITDA margin profile. WEL clocked EBITDA margins of 13.8% in FY24 with RoCE placed at 22%. At the upper end of the price band, WEL will command a valuation of ~35x P/E, ~22.4x EV/EBITDA & ~3.4x P/S on FY24 basis which is at a discount to its competitor i.e. Premier Energies.

Waree Energies IPO Details:

The IPO opened from October 21, 2024 to October 23, 2024. On the last day, it oversubscribed by 79.44x, driven by strong buying from QIBs and NIIs. The price band of the IPO was at Rs 1,427 per share and Rs 1,503 per share.