August 30, 2024
New Delhi, India
Premier Energies IPO
The allotment status for Premier Energies’ initial public offering (IPO) is expected to be finalized today, August 30. Investors can check their allotment status online via the BSE website or the official portal of the IPO registrar, Kfin Technologies Limited. The equity shares of Premier Energies will be listed on the stock exchanges (BSE and NSE) on September 3, 2024.
How to Check Premier Energies IPO Allotment Status
To check the IPO allotment status:
- Visit the IPO registrar’s website: Kfin Technologies Allotment Portal
- Select “Premier Energies Limited” from the dropdown menu.
- Choose an option to enter your details: Application Number, Demat Account, or PAN.
- Enter the required details and Captcha code.
- Click on “Submit” to view your allotment status.
Subscription Details and Investor Response
The Premier Energies IPO received an overwhelming response, being subscribed 74.38 times overall. The issue attracted bids for 332.02 crore equity shares against the 4.46 crore shares on offer. The retail investor category was subscribed 7.69 times, while non-institutional investors (NIIs) subscribed 50.04 times. The qualified institutional buyers (QIBs) portion saw a massive subscription of 216.67 times, and the employee category was subscribed 11.43 times.
Premier Energies IPO Grey Market Premium (GMP)
The Premier Energies IPO is commanding a strong premium in the grey market. As of today, the grey market premium (GMP) is ₹425 per share, indicating that the shares are trading at ₹875 apiece, a 94% premium to the issue price of ₹450 per share.
Key Dates and Financial Details
Premier Energies IPO opened for subscription on August 27 and closed on August 29. The price band for the IPO was set between ₹427 and ₹450 per share. The company raised ₹2,830.40 crore through the IPO, which included a fresh issue of 2.87 crore shares worth ₹1,291.40 crore and an offer for sale of 3.42 crore shares amounting to ₹1,539.00 crore.
Book Running Lead Managers and Registrar
Kotak Mahindra Capital, J.P. Morgan India, and ICICI Securities are the book-running lead managers for this IPO, while Kfin Technologies Limited is the IPO registrar.
Disclaimer:
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