– Premier Energies IPO was booked 2.17 times on the first day of bidding
– IPO will remain open for subscription till August 29
– Reserved 50% for QIBs, 15% for NIIs, 35% for retail investors, and employees eligible for discount
– Company specializes in producing integrated solar cells and panels
– IPO includes fresh issue of equity shares and offer for sale
– Promoters hold 72.23% stake, public holds 26.12%
– Book-running lead managers are Kotak Investment Banking, JP Morgan, and ICICI Securities
– Grey market price for Premier Energies’ IPO is +₹390
– Estimated listing price projected to be ₹840 per share, 86.67% increase over IPO price
– ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price