Premier Energies Ltd IPO GMP, Premier Energies Limited IPO Grey Market Price News In Hindi : Important news is coming out for share market investors. Let us tell you that the public issue of Premier Energies, a manufacturer of integrated solar cells and solar panels, is going to open on 27th August.
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Premier Energies Limited IPO
According to media reports, anchor investors will be able to bid on August 26. The IPO will close on August 29. Let us tell you that the company wants to raise Rs 2,830.40 crore from this issue. The price band for bidding is Rs 427-450 per share and the lot size is 33 shares.
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Premier Energies Company IPO
According to the released schedule, after the closing of the IPO, the listing of shares will take place on BSE and NSE on September 3. 2.87 crore new shares worth Rs 1,291.40 crore will be issued in Premier Energies IPO. Also, there will be an offer for sale of 3.42 crore shares worth Rs 1,539 crore. The book running lead managers for the IPO are Kotak Mahindra Capital Company, JP Morgan India Pvt Ltd and ICICI Securities Ltd. The registrar is Kfin Technologies Limited.
Premier Energies Limited GMP / Grey Market Price
In the gray market, Premier Energies shares are trading at a 67.78% premium to the IPO’s upper price band of Rs 450 to Rs 305. On this basis, shares can be listed at a price of Rs 755. The gray market is an unauthorized market where shares of a company trade until its listing.
Premier Energies Limted Business Details
Let us know about important information related to the company. If we talk about the products of Premier Energies, the company’s portfolio includes cells, sole modules, monofacial modules, bifacial modules, EPC solutions and O&M solutions.
Premier Energies has 5 manufacturing plants in Hyderabad, Telangana. According to company’s website Premier Energies’ clients include NTPC, Tata Power Solar Systems, Panasonic Life Solutions, Shakti Pumps, First Energy, Bluepine Energies, Luminous, Hartek Solar etc. The promoters of the company are Surendra Pal Singh Saluja and Chiranjeev Singh Saluja.