New Delhi. Waree Energies IPO will be listed on BSE and NSE on Monday, October 28. The allotment of the company's IPO has been finalized and the money of those investors who have not received shares in the IPO will be refunded soon. IPO allotment status can be checked on the website of BSE, NSE, and registrar Link Intime India.

Trading at a huge premium in the grey market According to market observers, the unlisted shares of Waaree Energy are currently trading at Rs 1,566 more than the issue price in the grey market. This means that the grey market is showing a profit of 104.6% on the listing of the IPO.

IPO got a great response
Wari Energy's IPO got a total subscription of 79.44 times between October 21 and October 23. A total of 1,60,91,61,741 shares were bid for the IPO, while only 2,02,56,207 shares were on offer. The quota for retail investors was subscribed 11.27 times, while the non-institutional investor (NII) category was subscribed 65.25 times, and the qualified institutional buyers (QIB) portion was filled 215.03 times.

How to check allotment?
To check IPO allotment status, investors can visit the official website of BSE and select “Equity” in “Issue Type”. After this, select “Waari Energy Limited”, enter your application number or PAN number, and click on “Search”. Allotment information will appear on the screen. Allotment status can also be checked from the website of Link Intime India.

Wari Energy IPO Details
Wari Energy brought an IPO of Rs 4,321.44 crore. This includes new shares worth Rs 3,600 crore and OFS (Offer for Sale) of Rs 721.44 crore. The price of the IPO was fixed at Rs 1,427 to Rs 1,503 per share. For this, a minimum of 9 shares could be applied for, which is worth around Rs 13,527. Apart from this, shares worth Rs 65 crore were reserved for the employees of the company. Use of funds and future plans The company will use the amount raised from the IPO to set up a 6 GW ingot wafer, solar cell, and solar PV module manufacturing unit in Odisha. Apart from this, some amount will also be used for general corporate requirements.