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 SME 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 equity per 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.

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 ₹494 to ₹497 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
Waaree Energies IPO will be open for its subscription on 21st October, 2024.

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”).
2. General corporate purposes.

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