Premier Energies IPO: Check subscription status, GMP, listing date, and other details

Premier Energy IPO: Premier Energies’ initial public offering (IPO) has garnered substantial interest from investors during subscription period of August 27 to August 29, indicating potentially healthy listing gains.

As subscription for IPO ended on Friday, IPO shares were tring at a premium in grey market ahe of scheduled listing. shares of Premier Energies IPO were tring at around 118.22 per cent premium on Monday, September 2. According to data from InvestorGain, shares of company are expected to hit Dalal Street with a price of Rs 982 apiece against IPO price of Rs 450.

shares of company are expected to be listed on both Bombay Stock Exchange and National Stock Exchange on Tuesday, September 3.

During subscription period, Premier Energies IPO was subscribed 74.38 times with bids amounting to Rs 332.02 crore when compared to 4.46 crore shares offered.

Premier Energies IPO h a price band of Rs 427 to Rs 450 per share with fresh issue of 2.87 crore shares amounting to Rs 1,291.40 crore and an offer for sale of 3.42 crore shares for Rs 1,539.00 crore.

bumper subscription could be credited to growth potential of company and its industry prospects. Premier Energies manufactures integrated solar cells and solar panels which are currently playing a key role in transforming India’s energy production patterns. Cell, solar modules, monofacial modules, bifacial modules, and EPC solutions are some of central products for company.

NTPC, Tata Power Solar Systems Limited, and Panasonic are some of key clientele for company. company currently holds five manufacturing units, all based in Hyderab, Telangana.