Premier Energies IPO Listing Today: Experts Predict Multibagger Returns as GMP Signals Strong Debut

Premier Energies Ltd., a company known for manufacturing solar cells and panels, is set to debut its shares on the stock market today. After the strong demand for its Initial Public Offering (IPO), investors are eagerly waiting to see how the shares will perform.

Key Dates and Details

• Listing Date: Today, September 3.
• IPO Period: The IPO started on August 27 and ended on August 29.
• Allotment Finalized: August 30.
• Stock Exchanges: Shares will be listed on both BSE and NSE.

Trading Information

Premier Energies shares will start trading in a special session today, beginning at 10:00 AM.

Market Predictions

Experts are optimistic about Premier Energies’ market debut. The Grey Market Premium (GMP) for the IPO is currently ₹487 per share, which suggests the shares could list at around ₹937 each. This is a 108% increase from the issue price of ₹450 per share, indicating that the stock price might double at listing.

Analyst Insights

• Prashanth Tapse, Mehta Equities Ltd: Tapse expects a strong listing with gains of 60-70% or even more. He advises investors to consider booking profits if the listing gain reaches 80-100%.
• Shivani Nyati, Swastika Investmart Ltd: Nyati believes Premier Energies is well-positioned for a successful market debut, highlighting the company’s strategic focus and innovation.
• Akriti Mehrotra, Stoxbox: Mehrotra predicts a listing premium of 110-120% and suggests holding the shares for medium to long-term gains due to the company’s strong financial turnaround and market position.

IPO Performance

Premier Energies’ IPO was highly popular, being subscribed 74.38 times overall. The retail segment was subscribed 7.69 times, non-institutional investors 50.04 times, and Qualified Institutional Buyers (QIBs) 216.67 times. Even the employee portion saw strong interest with 11.43 times subscription.

In summary, Premier Energies is expected to have a promising market debut, with experts recommending a cautious yet optimistic approach for investors.