Waaree Energies Limited IPO GMP

Waaree Energies Limited ("WEL”) is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30. WEL commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life. 

Waaree Energies, an Book Built Issue amounting to ₹4321.44 Crores, consisting an Fresh Issue of 239.52 Lakh Shares worth ₹3,600.00 Crores and an Offer for Sale of 48.00 Lakh Shares totalling to ₹721.44 Crores. The subscription period for the Waaree Energies IPO opens on October 21, 2024, and closes on October 23, 2024. The allotment is expected to be finalized on or about Thursday, October 24, 2024, and the shares will be listed on the BSE and NSE with a tentative listing date set on or about Monday, October 28, 2024.

The Share price band Waaree Energies IPO is set at ₹1,427 to ₹1,503 per equity share, with a minimum lot size of 9 shares. Retail investors are required to invest a minimum of ₹13,527, while the minimum investment for High-Net-Worth Individuals (HNIs) is 15 lots (135 shares), amounting to ₹2,02,905. The Market Capitalisation of the Waaree Energies Limited at IPO price of ₹1503 per equity share will be ₹ 43,178.66 Crore.

Axis Capital Limited, IIFL Securities Limited, Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and ITI Capital Limited are the book-running lead manager while Link Intime India Private Limited is the registrar for the Issue. 

Waaree Energies Limited IPO GMP Today
The Grey Market Premium of Waaree Energies Limited IPO is expected to be ₹1080 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Waaree Energies Limited IPO Live Subscription Status Today: Real-Time Updates
As of 06:00 PM on 23 October 2024, the Waaree Energies IPO live subscription status shows that the IPO subscribed 76.34 times on its Final day of subscription period. Check the Waaree Energies IPO Live Subscription Status Today at BSE.

Waaree Energies Limited IPO Anchor Investors Report
Waaree Energies  has raised ₹1276.93 Crore from Anchor Investors at a price of ₹1503 per shares in consultation of the Book Running Lead Managers. The company allocated 84,95,887 equity shares to the Anchor Investors. Check Full list of Waaree Energies Anchor Investors List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Waaree Energies Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Waaree Energies IPO allotment date is 24 October, 2024, Thursday. Waaree Energies IPO Allotment will be out on 24th October 2024 and will be live on Registrar Website from the allotment date. Check Waaree Energies Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Waaree Energies Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Waaree Energies Limited IPO
Waaree Energies Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹27,750.00 Million will be used to Part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha, India (“Project”). The total estimated cost of setting up the Project is ₹ 90,499.59 million for which we propose to deploy a sum of ₹ 27,750.00 million from the Net Proceeds, by way of an investment in our wholly owned subsidiary Sangam Solar One Private Limited, through equity or debt instruments or a combination of both as may be mutually decided between our Company and the Project Company.
2. General corporate purposes.

Refer to Waaree Energies Limited RHP for more details about the Company.