Premier Energies Limited IPO GMP

Premier Energies is an integrated solar cell and solar module manufacturing company. Backed by GEF Capital, a Washington DC based Private Equity Investor, Premier Energies is at the forefront of innovative technology, crafting photovoltaic products and solutions.

Premier Energies, an Book Built Issue amounting to ₹2,830.39 crores, consisting a Fresh Issue of 28.69 Lakh Shares worth ₹1,291.4 crores and an Offer for Sale of 34.2 Lakh Shares totaling to ₹1,539.00 crores. The subscription period for the Premier Energies IPO opens on August 27, 2024, and closes on August 29, 2024. The allotment is expected to be finalized on or about Monday, September 02, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Tuesday, September 03, 2024.

The Share price band of Premier Energies IPO is set at ₹427 to ₹450 equity per share, with a minimum lot size of 33 shares. Retail investors are required to invest a minimum of ₹14,850, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (462 shares), amounting to ₹207,900.

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and ICICI Securities Limited are the book-running lead manager, KFin Technologies Limited is the registrar for the Issue.

Premier Energies Limited IPO GMP Today
The Grey Market Premium of Premier Energies Limited IPO is expected in the range of ₹240 to ₹250 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Premier Energies Limited IPO Allotment Status
Premier Energies IPO allotment date is 02 September, 2024, Monday. Premier Energies IPO Allotment will be out on 02nd September 2024 and will be live on Registrar Website from the allotment date. Check Premier Energies Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Premier Energies Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Premier Energies Limited IPO
Premier Energies Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹12,914 Millions is required for Investment in their Subsidiary, Premier Energies Global Environment Private Limited for part-financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India (the “Project”); and 
2. General corporate purposes.

Refer to Premier Energies Limited RHP for more details about the Company.