Thu Oct 24 20:10:08 UTC 2024: Here are the important points from the news article regarding Waaree Energies IPO allotment:

1. **IPO Allotment Status Release**: The allotment status for Waaree Energies’ IPO is expected to be announced today.

2. **IPO Closure**: The three-day IPO for Waaree Energies closed for investment on October 23.

3. **Company Background**: Waaree Energies, incorporated in 1990, is the largest solar panel manufacturer in India.

4. **Subscription Details**: The IPO received a tremendous response from institutional investors, being subscribed 76.34 times on its last day.

5. **Price Band**: The price band for the IPO was set between ₹1,427 to ₹1,503 per share.

6. **Financial Figures**: The IPO is valued at ₹4,321.44 crores, with bids received for 1,60,91,61,741 shares against an offer of 2,10,79,384 shares.

7. **Investor Categories Performance**:
– Qualified Institutional Buyers (QIBs) subscribed 208.63 times.
– Non-Institutional Investors subscribed 62.48 times.
– Retail Individual Investors (RIIs) subscribed 10.79 times.

8. **Funds Raised**: Waaree Energies raised ₹1,277 crores from anchor investors prior to the IPO.

9. **Allotment Status Checking**: Investors can check the allotment status on the official website of the registrar, Link Intime India Pvt Ltd, or the BSE website by entering their PAN card number.

10. **Listing Gains**: The IPO is expected to have a bumper listing gain, with the GMP (Grey Market Premium) indicating a listing price of about ₹3,063, suggesting a profit of approximately 103%.

This summary covers the essential details regarding the IPO process, subscription statistics, and expectations regarding its performance in the market.

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