Solar Energy/Manufacturing - Listed on 03 September 2024
Premier Energies (Solar Energy/Manufacturing) closed its IPO window in 2024 and listed on NSE and BSE on 03 September 2024 at an upper band issue price of Rs 450, opening at Rs 990 for a listing gain of +120.0% and closing day one at Rs 839.9 (+86.6% on closing basis). The IPO was subscribed 74.38x overall - QIB 216.67x, HNI/NII 50.04x, Retail 7.69x. The total issue size was Rs 2,830.4 Cr (Fresh Issue Rs 1539 Cr, OFS Rs 1291.4 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Solar Energy/Manufacturing
Premier Energies operates in the Solar Energy/Manufacturing space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Premier Energies issue was offered at an upper price of Rs 450 and raised approximately Rs 2,830.4 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 265 | +91.11% |
| Day 2 | Rs 310 | +91.11% |
| Day 3 | Rs 320 | +88.89% |
| Day 4 | Rs 375 | +84.44% |
| Day 5 | Rs 380 | +83.33% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Premier Energies IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Premier Energies IPO listed at +120.0% versus the upper issue price of Rs 450 on 03 September 2024.
Premier Energies IPO was subscribed 74.38x overall. QIB portion was subscribed 216.67x, HNI / NII 50.04x and Retail 7.69x.
IPO GMP started at Rs 265 on Day 1 and moved to Rs 380 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.