Premier Energies Limited IPO GMP Today 28 August 2024 | Important information is coming to the fore for millions of investors across the country. Let us tell you that the IPO of Premier Energies Limited has opened on Tuesday 27th August.
Premier Energies Limited IPO GMP
Let us tell you that investors can invest money in the IPO of Premier Energies Limited till August 29, 2024. At the same time, anchor investors have bid in it on August 28. The GMP of this IPO is indicating good earnings. We are giving you information about its details.
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Premier Energies Limited IPO GMP Today 28 August 2024
According to the information received from market trends, the IPO of Premier Energies Limited is indicating excellent listing in the gray market.
According to Investorgain.com, in the gray market, shares of Premier Energies Limited are at Rs 358 per share i.e. 79.56 percent of GMP on Tuesday, August 27.
If this situation persists till the day of listing then the shares of the company can be listed at Rs 808 per share. In such a situation, the company can earn good income for the investors on the very first day.
Premier Energies Limited Business Details
Let us know about important information related to the company. If we talk about business, Premier Energies is India’s second largest integrated solar cell and solar module manufacturing company. It was the largest solar cell exporter in the US market in the financial year 2023-24.
The company had exported solar cells worth a total of $31.2 million to America. The company sells its products in India to companies like Tata Power Solar Systems, NTPC, Panasonic Life Solutions, Shakti Pumps, Madhav Infra Projects.
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Premier Energies Limited Annual Turnover
If we talk about the financial position of the company, then the company had earned Rs 3143.79 crore in the financial year 2023-24. In the financial year 2022-23, it had earned a total of Rs 742.87 crore. The company had suffered a loss of Rs 14.41 crore in this financial year. The company had come into profit in the financial year 2023-24. Its profit has been Rs 231.36 crore.