Premier Energies Limited
ListedSMEEnergy / 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
₹487
+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 12 days ago
Overall Subscription
75.62x
Total Demand
QIB Multiplier
212.42x
Institutions & Funds
NII / HNI
51.27x
High Net-Worth
Retail (RII)
7.88x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 12,535,112 | 2,662,711,491 | 212.42x |
| NIB | 9,401,333 | 481,979,256 | 51.27x |
| HNIs(10L +) | 6,267,556 | 363,493,053 | 58.00x |
| HNIs (2-10L) | 3,133,778 | 118,486,203 | 37.81x |
| RETAIL | 21,936,444 | 172,785,492 | 7.88x |
| Total | 53,274,223 | 3,799,455,495 | 75.62x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| HNIs (10L+) | 13,566 | 147,613 | 10.88x |
| HNIs (2-10L) | 6,784 | 242,135 | 35.69x |
| RETAIL | 664,740 | 3,619,382 | 5.44x |
| Total Applications | 685,090 | 4,009,130 | 5.85x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Premier Energies Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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 Schedule:
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.
Frequently Asked Questions
What is Premier Energies Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Premier Energies Limited IPO is ₹487 per equity share. Based on the upper price band of ₹427 to ₹450 per equity share, the estimated listing price is ₹937 (+108.2% expected listing gain).
What is the expected profit per lot for Premier Energies Limited IPO?
With a lot size of 33 shares and current GMP of ₹487, the expected profit per application lot is approx ₹16,071 (+108.2% gain). Minimum application cost is approx ₹14,850.
What is the issue size and price band for Premier Energies Limited IPO?
The Premier Energies Limited IPO aggregate issue size is ₹2,830.4 Crores with an equity price band set at ₹427 to ₹450 per equity share. The retail lot size is 33 shares requiring a minimum capital outlay of approx. ₹14,850.
How can I check Premier Energies Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 75.62x (Retail: 7.88x, QIB: 212.42x, NII: 51.27x). You can track live multiples directly on our dedicated subscription page.
Where and when will Premier Energies Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-08-30. Investors can verify status using PAN card or application number.
When is the listing date for Premier Energies Limited IPO?
Premier Energies Limited shares are scheduled to list on NSE and BSE on 2024-09-03.