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Premier Energies IPO - Listing Date, GMP & Subscription

Premier Energies Ltd IPO listing date: Sep 3, 2024 on NSE, BSE. Listed at ₹990 (+120.0%) vs issue price of ₹450. Subscribed 74.12x overall (QIB: 150.44x). Price band: ₹427-₹450, lot size 33 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Sep 2, 2024

Key Dates

IPO Open DateAug 27, 2024

IPO Close DateAug 29, 2024

Allotment DateAug 30, 2024

Refund DateSep 2, 2024

Demat Credit DateSep 2, 2024

Listing DateSep 3, 2024

Issue Details

Price Band₹427-₹450

Issue Price₹450

Face Value₹1

Lot Size33 shares

Min Investment₹14,850

Issue Size₹2,830 crore

Listing ExchangeNSE, BSE

RegistrarKFin Technologies

IPO TypeMainboard

stoicHQ Analysis

✓120% listing gain

✓150x QIB subscription

✓India's solar manufacturing Make-in-India theme

✓Integrated solar manufacturing moat

⚠Solar panel price deflation from Chinese competition

⚠Government PLI dependency

About Premier Energies Ltd

Premier Energies is India's second largest integrated solar cell and solar module manufacturer by capacity, supplying to Adani Green, Tata Power Solar, and Azure Power.

Subscription Breakdown

Overall Subscription74.12x

QIB (Institutional)150.44x

NII (HNI)97.13x

Retail32.00x

Listing Price

₹990

Listing Gain

+120.0%

Issue Price

₹450

stoicHQ Analysis

Exceptional 120% listing gain - one of 2024's best performers. The solar manufacturing Make-in-India theme and strong backward integration (cells to modules) attracted massive QIB demand (150x). GMP correctly signalled the strong listing.

Renewable Energy / Solar2024All 2024 IPOs

IPO Listing Timeline

Previous IPO← Ola Electric IPO (listed Aug 9, 2024)Next IPOBajaj Housing Finance IPO (listed Sep 16, 2024) →

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Premier Energies IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Sep 2, 2024+₹540-+120.0%

Sep 1, 2024+₹510-+113.3%

Aug 29, 2024+₹480₹4000+106.7%

Aug 27, 2024+₹400₹3400+88.9%

Aug 23, 2024+₹300₹2600+66.7%

Aug 20, 2024+₹200₹1800+44.4%

Premier Energies IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Aug 27)8.42x4.22x6.84x10.84x

Day 2 (Aug 28)28.22x42.84x32.42x16.42x

Day 3 (Aug 29)74.12x150.44x97.13x32.00x

Anchor Investors

Government Pension Fund Global₹140 crore

SBI Mutual Fund₹122 crore

Mirae Asset Mutual Fund₹108 crore

HDFC Mutual Fund₹95 crore

Premier Energies Ltd - Financials at IPO

YearRevenuePATNet Margin

FY22₹3,144 crore₹812 crore25.8%

FY23₹5,524 crore₹1,288 crore23.3%

FY24₹6,688 crore₹1,468 crore21.9%

Listed Peers - Renewable Energy / Solar

Waaree EnergiesSolar Manufacturing

+70.2% listing

Adani Green EnergyRenewable Energy

Frequently Asked Questions

When did Premier Energies IPO list?

Premier Energies IPO listed on September 3, 2024 on NSE and BSE at ₹990, a 120% gain over the issue price of ₹450. It was one of 2024's best IPO performances.

What was Premier Energies IPO GMP?

The grey market premium (GMP) for Premier Energies IPO peaked at ₹540, correctly forecasting the 120% listing gain. GMP started at ₹200 when the IPO opened on August 27, 2024.

What was Premier Energies IPO subscription?

Premier Energies IPO was subscribed 74.12x overall. QIB was 150.44x, NII was 97.13x, and retail was 32.00x.

What does Premier Energies do?

Premier Energies is India's second largest integrated solar cell and solar module manufacturer. It supplies to Adani Green, Tata Power Solar, and Azure Power.

What is Premier Energies IPO price band?

The Premier Energies IPO price band was ₹427-₹450 per share. Lot size was 33 shares. Minimum investment was ₹14,850. Issue size was ₹2,830 crore.

What is Premier Energies IPO allotment date?

The allotment date for Premier Energies IPO was August 30, 2024. Listing was on September 3, 2024.