New Delhi: Premier Energies IPO, a book built issue of Rs 2,830.40 crore, opens for subscription on August 27, 2024 and will close on 29th August 29. The IPO price band has been fixed at Rs 427 to Rs 450 per share. A retail investor is required to apply for a minimum lot size of 33 shares, for which minimum amount of investment required is Rs 14,850. Non-institutional investors are mandated to apply for a minimum lot size investment of 14 lots and for bNII it is 68 lots.
Premier Energies IPO details
Premier Energies IPO is a combination of fresh issue of 2.87 crore shares aggregating to Rs 1,291.40 crore and offer for sale of 3.42 crore shares aggregating to Rs 1,539.00 crore.
Premier Energies IPO expected allotment date is August 30, 2024, while the initiation of refunds process is likely to kickstart on September 2. The shares are expected to be credited to the demat accounts of eligible shareholders on 2nd September. The shares will list on BSE and NSE with a tentative date on September 3.
Premier Energies IPO GMP
Premier Energies IPO GMP stands at Rs 280, investorgain reported. With the price band of 450, the shares are expected to be listed at a price of Rs 730 which means the scrip is likely to list with over 62 per cent gain.
Book running lead managers of the Premier Energies IPO: Kotak Mahindra Capital Company Limited, JP Morgan India Private Limited and ICICI Securities Limited. Kfin Technologies Limited is the registrar for the issue.
Premier Energies Limited came into existence in April 1995. The company is engaged in manufacturing integrated solar cells and solar panels. The company’s products include – Cell, Solar Module, Monofacial modulesBifacial modules, EPC Solutions and O&M Solutions.
The company is backed by GEF Capital, a Washington DC based Private Equity Investor. Premier Energies’ units are spread across three locations in Telangana.
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Premier Energies IPO will open for subscription on August 27, 2024. Premier Energies IPO GMP is around 62 per cent. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
