Thu Oct 24 19:18:09 UTC 2024: ### Waaree Energies IPO Allotment Status – Key Points

1. **IPO Finalization Date**: The share allotment status for Waaree Energies’ IPO is set to be finalized on Thursday, October 24, 2024.

2. **Subscription Details**:
– The IPO was open for subscription from October 21 to October 24 and received significant interest from investors.
– The ₹4,321.44 crore IPO was oversubscribed by 76.34 times, with bids for approximately 1.6 billion shares against the 2.1 million shares available.

3. **Investor Categories**:
– **Qualified Institutional Buyers (QIBs)**: Subscribed 208.63 times their allotted portion.
– **Non-institutional Investors**: Subscribed 62.48 times their quota.
– **Retail Investors**: Subscribed 10.79 times.

4. **Prior Applications**: The IPO received a record number of applications at 97.34 lakh, exceeding previous records set by other companies like Bajaj Housing Finance and Tata Technologies.

5. **IPO Price Band**: The shares were offered in a price band of ₹1,427 to ₹1,503 per share.

6. **Allotment Process**: Successful investors can expect their shares to be credited to their Demat account on Friday, October 25, along with refunds for unsuccessful applications. The IPO listing date is October 28, 2024, on both NSE and BSE.

7. **Use of Proceeds**: The funds raised will support the establishment of a 6GW solar manufacturing plant and other general corporate purposes.

8. **Company Background**: Waaree Energies, founded in 1990, is the largest manufacturer of solar PV modules in India, with an installed capacity of 12 GW as of June 30, 2024.

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