Premier Energies IPO GMP Today: The subscription for the initial public offering (IPO) of Premier Energies Limited, a solar cell and module manufacturer will begin next week. The three-day subscription for Premier Energies IPO will open on August 27 and conclude on August 29. In the grey market, Premier Energies IPO shares are commanding a strong premium or GMP, indicating a solid listing gain.
Premier Energies IPO Price Band
Premier Energies IPO has set a price band of Rs 427-450.
Premier Energies IPO Lot Size
The IPO is a combination of a fresh issue of equity shares aggregating up to Rs 1,291.4 crore and an offer-for-sale (OFS) of up to 3.42 crore shares, by the selling shareholders, valued at Rs 1,539 crore at the upper end of the price band. This takes the total issue size to Rs 2,830 crore.
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Premier Energies IPO GMP Today Price
According to multiple websites that track grey market activities, Premier Energies’s shares command a premium of Rs 305. This translates into a GMP of 67.78 per cent.
Premier Energies IPO Allotment Date, Link
According to reports, the Premier Energies IPO is likely to be finalized on August 30 (Friday). The allotment status will be released online on the official website of the registrar — Kfin Technologies Limited. Besides, the allotment status will also be made available on the official website of both the exchanges i.e. NSE and BSE.
Premier Energies IPO Face Value
Premier Energies IPO’s face value is Re 1 per share.
Premier Energies IPO Share Listing Date
Premier Energies IPO shares are expected to be listed next month i.e. on September 3, 2024.
Premier Energies IPO Book Running Lead Manager
Kotak Mahindra Capital Company Limited, JP Morgan India Private Limited, and ICICI Securities Limited are the book-running lead managers for Premier Energies IPO.
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Premier Energies IPO Sponsor Bank
ICICI Bank Ltd and Axis Bank Limited are the sponsor banks for the Premier Energies IPO.
About Premier Energies IPO
Premier Energies is an integrated solar cell and solar module manufacturer with 29 years of experience and has an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules. It has five manufacturing facilities.
