Premier Energies IPO Allotment Status Finalized – Check Online and Key Market Insights

The eagerly awaited Premier Energies IPO allotment has been confirmed after a strong investor response. As per the listing schedule, Premier Energies shares are set to debut on September 3, 2024.

How to Check Premier Energies IPO Allotment Status

Those who applied for shares can easily check their IPO allotment status through the Kfin Technologies portal. Below are the steps to follow:

1. Go to the Kfin Technologies website: Kosmic Kfintech.
2. From the dropdown menu, select Premier Energies Limited.
3. Enter your details: choose between Application No., Demat Account, or PAN.
4. Input the Captcha code and click Submit.
5. Your IPO allotment status will be displayed on the screen.

Premier Energies IPO Subscription Status Breakdown

The IPO saw overwhelming demand from various investor categories, with the overall subscription at 74.38 times. Here’s the breakdown:

• Retail Investors: Subscribed 7.69 times.
• Non-institutional Investors (NIIs): Subscribed 50.04 times.
• Qualified Institutional Buyers (QIBs): Subscribed 216.67 times.
• Employee Quota: Subscribed 11.43 times.

This heavy subscription reflects strong market interest and expectations of future growth for Premier Energies.

Latest Grey Market Premium (GMP)

The grey market premium (GMP) for Premier Energies shares remains robust at ₹420 per share. This means that the unlisted market value of Premier Energies shares is around ₹875 per share, representing a 94% premium over the issue price of ₹450.

IPO Details and Company Insights

The Premier Energies IPO opened for subscription between August 27 and August 29, 2024. The total issue size was ₹2,830.40 crore, consisting of:

• ₹1,291.40 crore raised via a fresh issue of 2.87 crore shares.
• ₹1,539 crore via an offer for sale of 3.42 crore shares.

The price band was set at ₹427 to ₹450 per share, and shares will be listed on both BSE and NSE.

Share Credit and Refund Process

Eligible investors will receive the allotted shares in their demat accounts by September 2, a day before the listing. Those who did not receive an allotment will have their refunds processed.

Lead Managers and Registrar Information

• The book running lead managers for the IPO were Kotak Mahindra Capital, J.P. Morgan India, and ICICI Securities.

• The IPO registrar is Kfin Technologies Limited, responsible for managing the allotment and refund process.

This high-profile IPO is expected to generate significant interest when Premier Energies shares make their debut next week.