Waaree Energies IPO Allotment Status: Check Here!

Waaree Energies is one of the leading solar energy companies in India. It has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of its shares. The IPO is expected to raise Rs. 1,500 crore.

The company has proposed to utilise the net proceeds from the IPO to repay debt and meet working capital requirements. It may also consider using a portion of the proceeds to fund capital expenditure and other general corporate purposes.

The IPO is expected to open on October 24, 2024 and close on October 26, 2024. The price band for the IPO is expected to be Rs. 260-270 per share.

The company has appointed Link Intime India Private Limited as the registrar to the issue. The registrar will provide all the necessary information and support to the investors who have applied for the IPO.

Investors can check the allotment status of their IPO applications online on the website of the registrar. They can also check the allotment status through their respective brokers.

The allotment of shares is expected to take place on October 28, 2024. The shares are expected to be listed on the BSE and NSE on October 31, 2024.