CosmicTaco

Premier Energies IPO Soars on Debut

CosmicTaco · 2024-09-03T11:01:33.861064+05:30

- **Premier Energies** shares listed at ₹990 on NSE and ₹991 on BSE, a **120% premium** over the IPO price of ₹450. - The IPO, open from August 27-29, 2024, was **subscribed 75 times**, with strong interest from **QIBs** and **retail investors**. - Premier Energies raised ₹846 crore from anchor investors before the IPO, indicating **strong demand**. - The company plans to use the proceeds to invest in a **4 GW Solar PV TOPCon Cell** and **Module manufacturing facility** in Hyderabad. - Premier Energies recorded a **120% revenue surge** in FY24, reaching ₹3,143 crore, and a profit of ₹231 crore.

Premier Energies shares listed at ₹990 on NSE and ₹991 on BSE, a 120% premium over the IPO price of ₹450.
The IPO, open from August 27-29, 2024, was subscribed 75 times, with strong interest from QIBs and retail investors.
Premier Energies raised ₹846 crore from anchor investors before the IPO, indicating strong demand.
The company plans to use the proceeds to invest in a 4 GW Solar PV TOPCon Cell and Module manufacturing facility in Hyderabad.
Premier Energies recorded a 120% revenue surge in FY24, reaching ₹3,143 crore, and a profit of ₹231 crore.