The Waaree Energies IPO has generated a significant buzz in the market, with investors eagerly waiting to check the Waaree Energies IPO allotment status. If you participated in the IPO and are looking to see if you’ve secured an allotment of shares, here’s everything you need to know about how to track your status and what to expect.
Waaree Energies Limited Share Price Today
As of 20th January 2025, the share price of Waaree Energies Limited is ₹2,635, up by 1.12% at 3:59 p.m. The stock has fluctuated between ₹3,743 and ₹2,295 recently. Waaree Energies has a market value of ₹75,714 crore, making it a major player in the Indian solar industry. While the company doesn’t offer a dividend, it has strong financials, with a P/E ratio of 76.6, ROCE of 43.6%, and ROE of 33.4%. The share’s face value is ₹10. Waaree Energies is the largest manufacturer of solar modules in India, with a 21% share of the domestic market and a 44% share of solar module exports. The company’s capacity has grown significantly, from 2GW in FY21 to 13.3GW in FY24, showing its continued growth in the solar industry.
Waaree Energies Limited Share Price Today
As of 20th January 2025, the share price of Waaree Energies Limited is ₹2,635, up by 1.12% at 3:59 p.m. The stock has fluctuated between ₹3,743 and ₹2,295 recently. Waaree Energies has a market value of ₹75,714 crore, making it a major player in the Indian solar industry. While the company doesn’t offer a dividend, it has strong financials, with a P/E ratio of 76.6, ROCE of 43.6%, and ROE of 33.4%. The share’s face value is ₹10. Waaree Energies is the largest manufacturer of solar modules in India, with a 21% share of the domestic market and a 44% share of solar module exports. The company’s capacity has grown significantly, from 2GW in FY21 to 13.3GW in FY24, showing its continued growth in the solar industry.
Waaree Energies IPO Allotment Status: How to Check
To check the Waaree Energies IPO allotment status, follow these simple steps:
- Click on the Allotment Status Check Button provided on the official website or through authorized platforms like Link Intime.
- Select the Company Name from the drop-down list, in this case, Waaree Energies.
- Enter any of the following details:
- PAN Number
- Application Number
- DP Client ID
- Click Search to view the results.
Once your application is successful, you will receive the corresponding shares credited to your Demat account.
Waaree Energies IPO Listing and Key Dates
For those who are awaiting their allotment, the key dates related to the Waaree Energies IPO are as follows:
- IPO Open Date: 21st October 2024
- IPO Close Date: 23rd October 2024
- Basis of Allotment Finalisation: 24th October 2024
- Refunds Initiation: 25th October 2024
- Credit of Shares to Demat Account: 25th October 2024
- IPO Listing Date: 28th October 2024
Make sure you check your Demat account after the allotted date to confirm if you have received your shares.
Understanding the Grey Market Premium (GMP)
One of the key indicators of IPO performance is the Grey Market Premium (GMP). The GMP for the Waaree Energies IPO has shown positive movement, indicating that the shares may list at a premium. As of the latest update:
- GMP: ₹1590 (up from ₹1275)
- Estimated Listing Price: ₹3093, reflecting a potential gain of 105.79%.
This positive GMP suggests that the Waaree Energies IPO may see a strong listing, giving early investors a potential profit upon listing.
Waaree Energies IPO: Market Performance & Risk Factors
While the GMP is showing optimism, it’s essential to understand that the Grey Market Premium can be volatile. Relying solely on the GMP for investment decisions may not be prudent. Always ensure you evaluate all aspects of the IPO before deciding to invest.
For those who missed out on the Waaree Energies IPO, keep an eye on the IPO GMP dashboard to track the latest IPO performance in the grey market. You can also compare the GMP with the listing price to gauge the profitability of the investment.
Additional Information: Demat Account Opening
If you’re looking to invest in upcoming IPOs like Waaree Energies, it is essential to have a Demat account. Zerodha, India’s leading discount broker, offers a seamless platform for free delivery trades, and low charges for F&O and Intraday trades.
Contact for Queries
For any issues or concerns regarding the Waaree Energies IPO allotment status, you can reach out to Link Intime India Private Ltd. Contact them via:
- Phone: +91-22-4918 6270
- Email: [email protected]
Conclusion
The Waaree Energies IPO allotment status is an important milestone for investors who are looking to participate in this promising IPO. By following the steps mentioned, you can easily track your allotment status and stay updated with the latest developments. Keep an eye on the GMP, listing price, and your Demat account to ensure you don’t miss out on any opportunities.