Premier Energies Set for Blockbuster Stock Market Debut with 108% Premium—Here’s What to Expect

Premier Energies is set to make its stock market debut today after successfully completing its initial public offering (IPO). The shares will start trading today at 10:00 AM IST on the stock exchange, and there’s a lot of excitement from investors.

The Premier Energies IPO, which opened for bidding on August 27 and closed on August 29, was in high demand, being subscribed 74.09 times. The IPO price was set between ₹427 and ₹450 per share. The company also attracted ₹846 crore from anchor investors.

The IPO consists of new shares worth ₹1,291.4 crore and an Offer for Sale (OFS) of 3.42 crore shares from existing shareholders, valued at around ₹1,539 crore if priced at the upper limit of ₹450 per share.

As part of the OFS, South Asia Growth Fund II Holdings LLC (SAGF II) will sell 2.68 crore shares, South Asia EBT Trust will sell 1,72,800 shares, and promoter Chiranjeev Singh Saluja will sell 72 lakh shares.

Founded in April 1995, Premier Energies Limited is a leading solar energy company in India. They manufacture solar cells, solar panels, and offer a variety of solar energy solutions. The company operates five manufacturing facilities in Hyderabad, Telangana.

What to Expect from Premier Energies’ Stock Market Debut:

The grey market premium (GMP) for Premier Energies is currently ₹487. This means that shares are expected to list at around ₹937, which is 108.22% higher than the IPO price of ₹450. This suggests strong investor interest, with many willing to pay a significant premium over the IPO price.

The grey market premium reflects how much investors are willing to pay above the issue price, indicating a potentially strong market debut for Premier Energies shares.