Waaree Energies IPO Shares Allotment Finalised; How To Check Status Online? Latest GMP; Investment Strategy

Waaree Energies IPO: India's largest manufacturer of solar PV modules, has finalised the shares allotment of its Rs 4,321.44 crore IPO on October 25, 2024. Investors can now check the status of their application online through BSE, NSE and Link Intime. After a strong subscription, Waaree Energies shares are going to list on BSE and NSE on October 28, 2024.

Waree Energies GMP Today:

The current GMP suggests a strong listing on October 28, 2024. As per Investors Grain data, Waaree Energies IPO's last GMP is ₹1075, last updated Oct 26th 2024 01:02 PM. With the price band of 1503.00, Waaree Energies IPO's estimated listing price is ₹2578 (cap price + today's GMP). The expected percentage gain/loss per share is 71.52%.

Waree Energies IPO Listing:

What should be your investment strategy? As per Shivani Nyati, Head of Wealth, Swastika Investmart Ltd, given the company's strong fundamentals, leadership in the solar energy sector, and overwhelming subscription numbers, the expected listing price seems justified. However, investors should be mindful of market conditions post-listing, which can influence short-term price movements.

Further, Nyati added that for those who receive an allotment, holding the stock for the long term could be a good strategy, considering Waaree Energies' growth potential in the renewable energy space.

However, Nyati also said, that investors with a short-term view may consider booking partial profits on listing day, especially if the stock sees a significant surge.

Waaree Energies IPO Allotment:

There are three ways to check the status of your application in Waaree Energies IPO Link Intime India, BSE, and NSE.

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 the 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 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.

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 Rs 1,427 per share and Rs 1,503 per share.