Premier Energies Listed at Rs 991, Investors Gain Up to 120%

Premier Energies Limited is a leading and integrated solar cell and solar module manufacturer with nearly three decades of experience in the solar industry. The company has grown significantly, establishing itself as a key player in India's solar manufacturing industry. 

The IPO of Premier Energies Limited was open for subscription from August 27, 2024, to August 29, 2024, to be listed on exchanges like NSE and BSE on September 3, 2024. The company had issued 62,897,777 shares out of these 28,697,777 shares were offered as a fresh issue and 34,200,000 shares were offered as an offer for sale.

The IPO was oversubscribed by 75 times the issue price reflecting strong investor confidence in the company. This led to the last grey market premium(GMP) of Rs. 487. The issue price of Premier Energies Limited was at a price band of Rs. 427-450 and the company was listed in the exchange at Rs. 991 which is a 120% increase from the issue price. This substantial listing gain rewarded early investors and highlighted the market’s positive outlook on the company’s future growth. 

To understand more about this stock you can check out our article on Premier Energies Limited IPO Analysis on Rupeezy’s Blog. The article explores the company’s financial health, competitive advantages, and the reasons behind the strong market response to its IPO. This analysis is crucial for investors aiming to make informed decisions.

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