– Premier Energies IPO opening for bidding on Tuesday, looking to raise Rs 2,830.40 crore
– IPO includes a fresh issue of 2.87 crore shares and offer for sale of 3.42 crore shares
– Subscription period from August 27, 2024, to August 29, 2024, price band between Rs 427 and Rs 450 per share
– Minimum lot size for retail investors is 33 shares, with different minimum investments for different categories
– Allotment expected to be finalised on August 30, 2024, shares to be listed tentatively on September 3, 2024
– Lead managers for IPO are Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, and ICICI Securities Limited
– Company plans to allocate net proceeds from the Fresh Issue towards various purposes
– Premier Energies Ltd is India’s second-largest integrated solar cell and module manufacturer
– Company has robust annual capacity and strong order book, significant financial improvement seen in recent years