Thu Oct 24 22:37:54 UTC 2024: Here are the important points from the news article about Waaree Energies’ Initial Public Offering (IPO):

– **Applicant Interest**: Waaree Energies’ IPO attracted a record 97.34 lakh applicants, with a total bid worth approximately Rs 2.41 lakh crore.

– **IPO Details**:
– **Open Date**: October 21, 2024
– **Close Date**: October 23, 2024
– **Price Band**: Rs 1,427 to Rs 1,503 per share
– **Allotment Basis**: October 24, 2024
– **Refund Initiation**: October 25, 2024
– **Credit of Shares to Demat Account**: October 25, 2024
– **Listing Date**: October 28, 2024

– **Subscription Rates**: The IPO was oversubscribed 76.34 times, with qualified institutional buyers (QIB) subscribing 208.63 times, high-net-worth individuals (HNI) and non-institutional investors (NII) at 62.48 times, and retail investors at 10.79 times.

– **Company Background**: Waaree Energies is a leading solar photovoltaic (PV) module manufacturer in India, founded in 1990 with five manufacturing facilities in Gujarat and Uttar Pradesh.

– **Use of IPO Proceeds**: The company plans to use Rs 2,750 crore of the IPO proceeds for capacity enhancement, including a new 6 GW facility for ingot wafer, solar cell, and solar module production.

– **Current and Future Capacity**: Waaree Energies currently has a solar module capacity of over 12 GW and aims to increase it to over 20 GW by FY27.

– **Allotment Status Check**: Investors can check the allotment status on the official registrar’s website or the BSE website by providing their PAN or application details.

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