Premier Energies IPO Listing Date Confirmed

Premier Energies IPO Listing Date: The much-anticipated Premier Energies IPO, which opened for subscription on August 27 and closed on August 29, is set to make its debut on the Indian stock exchanges next week. The official listing of Premier Energies on the BSE and NSE, is scheduled for Tuesday, September 3.

Premier Energies Share Price

The initial share price for Premier Energies was set between ₹427 and ₹450. However, the excitement doesn’t stop there. In the unlisted market, shares of Premier Energies are currently trading at ₹930 each. This surge reflects a significant premium over the issue price, signaling strong investor confidence.

Premier Energies Listing Date

Circle September 3 on your calendar—that’s the day Premier Energies is scheduled to be listed. With the IPO being oversubscribed by a remarkable 74.38 times, there’s no doubt that this listing will attract a lot of attention from investors and market watchers alike.

The IPO was oversubscribed by all categories, with the retail category subscribed 7.69 times, non-institutional investors at 50.04 times, and qualified institutional buyers (QIBs) at a staggering 216.67 times.

Premier Energies IPO

The Premier Energies IPO was nothing short of a blockbuster. With 332.02 crore equity shares bid against just 4.46 crore on offer, demand far exceeded supply. The retail portion was oversubscribed by 7.69 times, while non-institutional investors and QIBs showed even more enthusiasm, with 50.04 times and 216.67 times oversubscription, respectively.

About Premier Energies

Founded nearly 29 years ago, Premier Energies has made a name for itself in the integrated solar cell and module manufacturing sector. Known for its strong financial performance and steady growth, the company has become a trusted player in the renewable energy space, making its IPO a hot commodity. Premier Energies has five manufacturing plants in Hyderabad, Telangana. Their 25-acre facility is LEED Gold Certified.

Premier Energy Listing Date

Mark your calendars for the listing date of Premier Energy on September 3. The company is expected to make a splash on the stock market, driven by strong fundamentals and an impressive track record in the solar energy sector.

The listing of Premier Energies is more than just an event; it’s a statement. With such a high level of oversubscription and interest from all types of investors, the company is poised to set a strong precedent for future renewable energy IPOs. Keep an eye out on September 3 when Premier Energies makes its mark on the stock exchanges.

Grey Market Premium

The grey market premium (GMP) for Premier Energies’ IPO is currently ₹480 per share. This premium indicates that investors are willing to pay significantly more than the issue price of ₹450, showcasing the market’s bullish outlook on Premier Energies. This puts the shares at ₹930 each in the grey market, reflecting a 106.67% premium over the issue price.

Premier Energy Share Price

As Premier Energy gears up for its market debut, the share price is a hot topic. Currently trading at a significant premium in the grey market, the shares are priced at ₹930, which is more than double the IPO issue price. This surge reflects investor optimism about the company’s potential.

Premier Energies Limited Share Price

Shares of Premier Energies Limited are commanding attention even before their official listing. With a grey market premium indicating robust demand, investors are keenly watching the share price, which stands at ₹930 in unofficial trading.