Thu Oct 24 14:20:43 UTC 2024: ### Waaree Energies IPO Allotment Status Summary:

1. **Allotment Date**: The allotment of Waaree Energies shares will be finalized today, October 24.

2. **Application Details**: The company aimed to raise ₹4,321.44 crore and received applications worth ₹2.42 crore.

3. **Subscription Rates**: The IPO was significantly oversubscribed, with retail investors subscribing at 11.27 times, Non-Institutional Investors (NIIs) at 65.25 times, and total subscription rates at 79.44 times.

4. **IPO Launch**: The IPO was launched on October 21 and remained open for subscription until October 23.

5. **Listing Date**: The shares are expected to be listed on October 28.

6. **Book-Running Lead Managers**: The managing firms for the IPO include Axis Capital, IIFL Securities, Jefferies India, Nomura, SBI Capital Markets, Intensive Fiscal Services, and ITI Capital.

7. **Price Band**: The IPO had a price range set between ₹1,427 and ₹1,503, with retail buyers able to apply for a minimum of 9 shares and a maximum of 3 lots.

8. **Grey Market Performance**: In the unofficial grey market, shares are trading at ₹1,550-₹1,570, suggesting a potential return of 105% for investors.

9. **Community Issues**: Separately, there are ongoing disputes in Himachal Pradesh regarding the illegal construction of a shrine near a children’s park, with threats of protests if action is not taken.

This summary condenses the key developments surrounding the Waaree Energies IPO and the associated investment climate.

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