Premier Energies Limited IPO
Premier Energies Limited was a mainboard IPO in the Other Electrical Equipment sector, offered at ₹427–₹450 per share to raise ₹2,830 crore. The issue was subscribed 74.38× overall (QIBs 216.67×, NIIs 50.04×, retail 7.69×). It listed on 3 Sep 2024 at ₹990 and closed its first day at ₹840, a listing gain of +86.6% versus the ₹450 issue price. It now trades around ₹876 (+94.7% versus the issue price).
Frequently asked questions
- How many times was the Premier Energies Limited IPO subscribed?
- The Premier Energies Limited IPO was subscribed 74.38× overall — 216.67× in the QIB category, 50.04× among non-institutional investors, 7.69× in retail.
- What were the Premier Energies Limited IPO listing gains?
- Premier Energies Limited listed on 3 Sep 2024 at ₹990, closing its first day at ₹840 — a listing gain of +86.6% versus the ₹450 issue price.
- What were the retail allotment odds for the Premier Energies Limited IPO?
- Retail was subscribed 7.69×, so a single-lot application had roughly a 13% chance of allotment (about 1 in 8), and allotment was finalised on 30 Aug 2024.
- What was the price band and lot size of the Premier Energies Limited IPO?
- The price band was ₹427–₹450 per share, with a minimum lot of 33 shares (₹14,850 at the upper band).
- Who were the registrar and lead manager for the Premier Energies Limited IPO?
- Kfin Technologies Limited was the registrar, and Kotak Mahindra Capital was the book-running lead manager.