IPO Premier Energies: Stellar Listing Performance on Dalal Street
IPO Premier Energies Dominates Market Debut
Premier Energies IPO had an extraordinary launch on Dalal Street, with shares opening at a remarkable 120% premium. The stock listed at Rs 990 on the National Stock Exchange (NSE) and Rs 991 on the BSE, reflecting significant investor confidence.
Key Details of Premier Energies IPO
- Listing Date: September 3, 2024
- IPO Subscription: 74.38 times
- Retail Investor Demand: 7.69 times
- Qualified Institutional Buyers (QIBs): 216.67 times
- Non-Institutional Investors (NIIs): 50.04 times
- Issue Price: Rs 450
The IPO, which ran from August 27 to August 29, experienced overwhelming interest from various categories of investors. The grey market premium (GMP) stands at Rs 487, indicating strong positioning above the issue price.
Investor Outlook
With a final allotment completed on August 30, Premier Energies is now poised for further growth in the stock market. Investors are keenly observing the performance following this spectacular listing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.