Premier Energies IPO GMP 

Premier Energies IPO GMP illustration showing a smiling sun against a red background, with solar panels, a solar cell, and the IPO and Premier Energies logos.

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SUMMARY

Premier Energies is set to launch its IPO on 27 August and the subscription window will open until 29 August. The company aims to raise ₹2,830.40 crore through this public offering.  The price band for the Premier Energies IPO has been fixed between ₹427 – ₹450. The IPO is expected to list on the NSE, BSE platforms on 3 September.

Premier Energies IPO About

Premier Energies established in April 1995 specializes in manufacturing solar cells and panels. Their products include various types of solar modules and solutions for engineering, procurement and construction (EPC) as well as operations and maintenance (O&M).

They operate five manufacturing units all located in Hyderabad, Telangana, India. Their clients include major companies like NTPC, TATA Power Solar, Panasonic, Luminous and many others.

Premier Energies has also exported its products to various countries including U.S, Germany, Canada and several others.

Premier Energies IPO Highlights

  • Premier Energie’s IPO is valued at ₹2,830.40 crores and the price band is set between ₹427 to ₹450.
  • The IPO Includes 2.87 crore fresh shares raising ₹1,291.40 crores and 3.42 crore existing shares will be sold via OFS raising ₹1,539.00 crores.
  • Premier Energies IPO will open on 27 August 2024 and close on 29 Aug 2024. Share allotment is expected on 30 August 2024 and Premier Energies Shares are set to list on BSE and NSE on 3 September 2024.
  • The promoters, Surender Pal Singh Saluja and Chiranjeev Singh Saluja, currently hold 72.77% of the company. After the IPO listing, their stake will reduce to 66.03%.
  • The company plans to use the net proceeds for investment in its subsidiary and general corporate purposes. Kfin Technologies will be the registrar for Premier IPO.

Premier Energies IPO GMP

Let’s look at how Premier Energies IPO GMP has changed recently.

The last grey market price for Premier Energies IPO was ₹305 on 23 August 2024. With an upper price band of ₹450, the estimated listing price is around ₹755 which suggests a gain of 67.78% per share. 

Stay tuned with Trade Target for daily updates on Premier Energies IPO GMP and expected listing price.

  • Date: 23 – August – 2024
  • Premier Energies GMP: ₹305 (67.78%)
  • Date: 24 – August – 2024
  • Premier Energies GMP: ₹330 (73.33%)
  • Date: 25 – August – 2024
  • Premier Energies GMP: ₹336 (74.67%)
  • Date: 26 – August – 2024
  • Premier Energies GMP: ₹358 (79.56%)
  • Date: 27 – August – 2024
  • Premier Energies GMP: ₹395 (87.78%)
  • Date: 28 – August – 2024
  • Premier Energies GMP: ₹395 (87.78%)

How can one apply for Premier Energies IPO?

Retail investors in Premier Energies IPO can place a minimum bid for 33 shares which costs ₹14,850. Bids must be made in multiples of 33 shares. The maximum investment allowed for retail investors is 429 shares which totals ₹193,050.

Below is a table that outlines the lot size and required amount for all categories of investors:

Premier Energies IPO Financial

Premier Energies has shown a turnaround in its financial performance over the last three years. For the period ended 31 March 2024, the company reported a Profit After Tax of ₹231.36 crores. This marks a recovery from the previous years, where the company recorded losses of ₹13.34 crores in 2023 and ₹14.41 crores in 2022. Positive PAT in 2024 indicates a strong improvement in the company’s profitability, reflecting better operational efficiency and potentially increased demand for its products.

Premier Energies IPO Quota allocation

  • QIB Investors: 50% of the net issue
  • Retail Investors: 35% of the net issue
  • NII (HNI) Investors: 15% of the net issue

Listing Date of Premier Energies IPO

  • Subscription Period: 27 August to 29 August
  • Basis of Allotment Finalization: 30 August 2024
  • Initiation of Refunds: 2 September 2024
  • Demat Credits: 2 September 2024
  • Listing Date: 3 September 2024
  • Listing on: NSE, BSE
Happy investing and thank you for reading!
Disclaimer: This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
Posted in IPO Mainboard Ipo

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