Waaree Energies Ltd ipo allotment date October 2024

Waaree Energies Ltd. is around the corner the allotment date is the big luck for the inve3stors. Here’s a detailed breakdown of the allotment process for Waaree Energies IPO:

1. Company Overview

Based in Mumbai, India, Waaree Energies is a solar PV solutions company which deals in solar energy solutions. It has a specialized Focus in renewable energy, especially solar energy, and has made a proportional contribution to Boosting the nation’s renewable energy capacity.

2. IPO Overview

• IPO Size: The expected turnover is around ₹4,500 crores . This includes a right issue of new share capital and an offer for sale by current investors in such securities.
• Price Band: IPO price range will be declared at the time closer to the actual IPO.
• IPO Purpose: The proceeds of the fundraising are expected to be applied in machinery and capacity upgrades, operational requirements, and other corporate uses.

3. IPO Timeline

• IPO Open Date: 21 October
• IPO Close Date: 23 October
• Allotment Date: The allotment date 28 october after the IPO closes, but the exact date for Waaree Energies will be confirmed after the IPO dates are officially announced.

4. Allotment Process Details

The allotment process follows a standard procedure:

• Subscription: Investors apply during the IPO subscription period. The number of shares applied for determines the total demand.
• Basis of Allotment: The registrar (likely Link Intime or KFin Technologies) conducts the share allotment based on investor demand. Retail investors can apply under the retail category, while other categories include institutional investors and non-institutional investors.
• Allotment Status Check: Investors can check their IPO allotment status on the registrar’s website using their PAN, application number, or DP Client ID once the allotment date is announced.

5. Key Dates (Tentative)

• IPO Opening Date: Expected soon (date will be confirmed)
• IPO Closing Date: 21-23 October
• Allotment Date: 28 October listing
• Refunds Initiation: The day after the allotment
• Demat Account Credit: Usually, shares are credited to investors’ demat accounts 1-2 days after allotment
• Listing Date: 28 October

6. Checking IPO Allotment Status

Once the allotment is done, investors can check the status:

• Registrar’s Website: Using PAN number or application details
• BSE/NSE Website: Look for the “Equity Allotment Status” section
• Email/SMS Notifications: Some brokers send direct notifications.

7. Refunds and Share Credit

• If shares are not allotted, the refund will be initiated a day after the allotment date and credited to the applicant’s bank account within 29 October
• Shares will be credited to the investors’ demat accounts within 28 October post-allotment.

8. IPO Listing Date

The shares will likely be listed on the exchanges 28 October post-allotment, allowing investors to trade.

Final Notes

The allotment process for Waaree Energies IPO will follow SEBI guidelines. Keep an eye on official announcements, as the IPO is likely to generate significant interest due to Waaree’s position in the renewable energy market.

Once the IPO dates are confirmed, more accurate details will be available.

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