The initial public offering (IPO) of Waaree Energies Ltd, a prominent manufacturer of solar photovoltaic (PV) modules, has captured the attention of investors across India. This IPO has not only seen an overwhelming response but has also broken records by receiving the highest-ever number of applications for an IPO in the country.

United Heat Transfer IPO allotment date is likely today, October 25, and the company is expected to fix the basis of share allotment today. The SME IPO was open from October 22 to 24, and the IPO listing date is likely October 29.

LATEST GMP AND EXPECTED LISTING GAINS. The latest GMP for Waaree Energies suggests an approximate premium of Rs 1,450 per share, reflecting robust demand despite a slight dip from

The IPO allotment status of Waaree Energies will likely to declared today. The three-day Waaree Energies IPO subscription closed on Wednesday (October 23).

Waaree Energies plans to use IPO funds to establish a 6 GW manufacturing facility in Odisha and support general corporate purposes. As India's largest solar PV module manufacturer with 12 GW capacity,

Unlisted shares of Waaree Energies Ltd are trading Rs 1,566 higher in the grey market, signalling a 104.6 per cent listing gain from the public issue.