
Energy / Renewable Energy · NSE / BSE
Premier Energies Limited, originally incorporated as Premier Solar Systems Private Limited on April 3, 1995, in Hyderabad, India, has grown into a leading name in the country’s solar energy sector. As the second-largest integrated solar cell and module manufacturer in India, it has an annual production capacity of 2 GW for solar cells and 3.36 GW for solar modules, reflecting its strong focus on sustainability and innovation. The company offers end-to-end solar power solutions, including engineering, procurement, and construction (EPC) services, along with the operation and maintenance of solar facilities. To keep up with the rising demand for renewable energy, Premier Energies is expanding its production capabilities in line with the government's clean energy goals. Committed to environmental, social, and governance (ESG) initiatives, the company actively works to reduce its carbon footprint and promote a greener future. As of June 30, 2024, it had a workforce of 1,447 full-time employees.
Price Band
₹427 – ₹450
Issue Size
₹2830 Cr
Lot Size
33 shares
GMP
+108.2%
Est. Listing
₹937
at current GMP
Subscribed
75.62x
overall
Open
27 Aug 2024
Close
29 Aug 2024
Allotment
30 Aug 2024
Refund
31 Aug 2024
Demat Credit
1 Sep 2024
Listing
3 Sep 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹450
Band: ₹427 – ₹450
Estimated Listing Price
₹937
Upper price + GMP
Lot Size
33 shares
Min investment ₹14,850
Estimated Profit / Lot
₹16,071
33 × ₹487
Grey Market Premium trend
+₹487
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹487 | 108.2% | ₹937 |
| 30 Oct 2026 | +₹487 | 108.2% | ₹937 |
| 29 Oct 2026 | +₹438 | 97.4% | ₹888 |
GMP is unofficial market data. Not a guarantee of listing performance.
Premier Energies Limited is bringing an initial public offering (IPO) in the Energy / Renewable Energy sector with an aggregate issue size of ₹2,830.4 Crores. The shares are offered at a price band of ₹427 to ₹450 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 33 shares (approx. ₹14,850 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-01, while un-allotted funds or UPI block mandates will be released on 2024-08-31.
The latest grey market premium for Premier Energies Limited IPO is ₹487, which indicates an expected listing price of ₹937.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.