Premier Energies IPO Subscription Status: Premier Energies IPO is Open on 27 August 2024 and Close on 29 August 2024. Premier Energies IPO to Raise 62,897,777 shares (Approx ₹₹2,830.40 Cr) via IPO. The Fresh Issue is 28,697,777 shares (Approx ₹1,291.40 Cr) and The Offer For Sale is 34,200,000 shares of ₹10 (Approx ₹1,539.00 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
The Premier Energies IPO is an Mainline IPO and Listed on NSE & BSE. Premier Energies IPO Price Band is Fixed at ₹450 Equity Share. Premier Energies IPO Lot Size is 33 Shares.
Also Read: Premier Energies IPO Details Today, GMP Price, Date, Review
Premier Energies IPO Subscription Status, Rate bid times
Inv Category
Shares Reserved
No. of Shares bid for
No. of Times (Subscription)
Qualified Buyers (QIBs)
1,25,35,111
2,66,27,11,491
212.42
Non Institutional Buyers (NIIs)
94,01,333
47,93,11,569
50.98
BNII
62,67,555
36,34,93,053
58.00
SNII
31,71,778
11,58,18,516
36.96
Retail Individual Buyers (RIIs)
2,19,36,444
16,32,27,669
7.44
Employee
2,33,644
26,44,191
11.32
Total
4,38,72,888
3,30,78,94,920
75.00
Premier Energies IPO Subscription Status day-by-day-
Categories
27 Aug
28 Aug
29 Aug
QIB
0.04
1.37
212.42
NII
5.53
19.35
50.98
RII
1.91
4.37
7.44
Employee
0.00
7.11
11.32
Total
2.17
6.72
75.00
About IPO :
Our business operations include
- the manufacturing of solar photovoltaic (“PV”) cells.
- the manufacturing of solar modules including custom made panels for specific applications.
- the execution of EPC projects.
- independent power production.
- O&M services with respect to EPC projects executed by our Company the sale of other solar-related products.
Premier Energies have procured financing for these additional module and cell lines through IREDA. Our EPCdivision has executed several projects in India including, among others, the establishment of a rooftop solar system, a canal top project and other large-scale solar power projects. These include a 100 MW project for a Navratna public sector undertaking, a 20 MW canal bank and canal top project in Uttarakhand for a state government power generation company and 18 MW and 15 MW projects in Karnataka.
We have a professional and experienced management team led by our Promoters who have significant experience in the solar industry. Surender Pal Singh Saluja, our Chairman and Whole-Time Director, founded our Company in 1995 and oversees the operations and finance functions of our Company and its subsidiaries.
- National Thermal Power Corporation Limited.
- TATA Power Solar Systems Limited.
- Panasonic Life Solutions Private Limited.
- Continuum Green Energy (India) Private Limited.
- Shakti Pumps (India) Limited.
- First Energy 6 Private Limited.
- Bluepine Energies Private Limited.
- Luminous Power Technologies Private Limited.
- Hartek Solar Private Limited.
- Green Infra Wind Energy Limited.
- Madhav Infra Projects Limited.
- Solar Square Energy Private Limited.
- Axitec Energy India Private Limited.
Premier Energies holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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