Premier Energies IPO Allotment: Key Details and How to Check Your Status Online

The IPO of Premier Energies Ltd saw a strong response from investors. As the bidding period has ended, investors are now waiting for the IPO allotment, which is expected to be finalised today, August 30. The shares will be listed on the BSE and NSE platforms on September 3.

How to Check Allotment Status Online

Investors can check their Premier Energies IPO allotment status online through the BSE website or the official portal of the IPO registrar, Kfin Technologies Limited. Here’s how to check your status:

1. Visit the IPO registrar’s website: Kfin IPO Status
2. Select ‘Premier Energies Limited’ from the dropdown menu.
3. Choose your preference between Application No., Demat Account, or PAN.
4. Enter the required details.
5. Enter the Captcha code and click on Submit.

Your allotment status will then be displayed on the screen.

Subscription Status

The Premier Energies IPO was heavily oversubscribed, receiving 74.38 times the number of shares on offer. The subscription breakdown is as follows:

• Retail investors: 7.69 times
• Non-institutional investors: 50.04 times
• Qualified Institutional Buyers (QIBs): 216.67 times
• Employee portion: 11.43 times

Grey Market Premium (GMP)

Premier Energies shares are trading at a significant premium in the grey market. Today’s GMP is ₹425 per share, meaning shares are trading at ₹875 in the grey market, a 94% premium over the issue price of ₹450.

IPO Details

The Premier Energies IPO opened on August 27 and closed on August 29. The price band was set at ₹427 to ₹450 per share. The company raised ₹2,830.40 crore through the IPO, consisting of a fresh issue and an offer for sale.

Kotak Mahindra Capital, J.P. Morgan India, and ICICI Securities are the book-running lead managers for the IPO, while Kfin Technologies Limited is the registrar.