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  3. Waaree Energies Shares allotment likely today; here's how to check stat…

Waaree Energies Shares allotment likely today; here's how to check status online

24 Oct 2024

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Key Takeaways

Waaree Energies' IPO saw 76.34 times subscription, showing strong Record-breaking demand. 

Waaree Energies' IPO saw 76.34 times subscription, showing strong Record-breaking demand. 

Waaree Energies

Waaree Energies

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Expert Analysis

Waaree Energies IPO Sees 76.34 Times Subscription; Share Allotment Expected Today.

Expert Analysis:

  • Record-Breaking IPO Subscription: Waaree Energies' IPO received applications worth ₹97.34 lakh, attracting over ₹2.41 lakh crore in subscriptions and achieving 76.34 times oversubscription during its three-day share sale.

  • Subscription Details: Priced between ₹1,427-₹1,503 per share, it saw bids for 160 crore shares against 2.10 crore on offer.

  • Initial Strong Demand: The initial grey market premium (GMP) suggested over 100% potential listing gains for Waaree Energies' shares, reflecting strong demand among investors.

  • Recent Market Adjustment: The GMP has recently eased to ₹1,370 - ₹1,375, indicating a slight market adjustment; however, projected listing gains remain robust at over 90%.

  • Share Allotment Information: Waaree Energies' IPO allotment date is today. To check the share allotment status, visit Link Intime and follow the provided steps.

Publisher:money control