How To Check Premier Energies IPO Allotment Status
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Premier Energies ₹1,539 crore IPO has a fresh issue of equity shares worth up to ₹1,291.4 crore, along with an Offer for Sale (OFS) of up to 3.42 crore shares by existing shareholders. The Premier Energies IPO allotment status is set to be finalised today.

If you applied for the IPO, here is how you can check the Premier IPO allotment status.

Checking Allotment Status on Registrar's Website:

Follow these steps to check the Premier IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Premier Energies" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Click Submit to retrieve the Premier IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Orient" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Premier IPO allotment status will be visible.

See Also: NTPC Commences Commercial Operation Of 160 MW Capacity From Bhainsara Solar PV Project

Premier Energies IPO Subscription Status

On the third and final day, the IPO was subscribed 74.38 times. The Non Institutional Investors' portion was subscribed 50.04 times. The retail individual investors' portion was subscribed 7.69 times with the employees' portion being subscribed 11 times. The qualified institutional buyers' portion was only subscribed 216.67%.

Premier Energies IPO GMP

Premier Energies IPO GMP is currently at ₹421, a jump from the ₹395 reported on the previous day. With the upper band of IPO priced at ₹450, the shares are expected to be listed at ₹871 an 93% premium.  However, it’s important to note that while IPO GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock’s performance upon listing.

See Also: Small Cap Defence Stock Bags ₹187 Cr Order From Overseas Client, Shares Jump

Premier Energies IPO Details

Premier Energies’ Initial Public Offering (IPO) opened for subscription on Tuesday, August 27, and will close on Thursday, August 29. Retail investors can participate with a minimum application of 33 shares, requiring an investment of ₹14,850. The allotment of shares is expected to be finalized on Friday, August 30, 2024, with shares likely to be listed on both the BSE and NSE on Tuesday, September 3, 2024.

Prior to the IPO, Premier Energies successfully raised ₹846.12 crore from anchor investors. Prominent participants in this round included Nomura, HDFC Mutual Fund, Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund, and Nippon India Mutual Fund. This pre-IPO fundraising indicates strong interest and confidence from institutional investors in the company’s prospects.

About Premier Energies

Premier Energies Limited, founded in April 1995, is engaged in producing integrated solar cells and panels. The company has a wide product range that includes solar cells, solar modules, monofacial and bifacial modules, along with EPC and O&M solutions. It operates five manufacturing facilities, all located in Hyderabad, Telangana, India.

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