Premier Energies' Rs 2,830 crore IPO opened today!!!

This is important news for those investing in IPOs. Premier Energies Limited's IPO has opened on Tuesday, august 27. Investors can invest in this IPO till august 29, 2024. At the same time, anchor investors have bid in it on august 28. The GMP of this IPO is indicating good earnings. We are giving you information about its details.

How much price band has been fixed

Premier Energies Limited is trying to raise Rs 2,830.40 crore from the market through this IPO. In this, the company has issued fresh shares worth Rs 1,291.40 crore. At the same time, Rs 1,539 crore is going to be raised under the Offer for Sale. A total of 6,29,09,198 shares have been offered in this IPO. The face value of the company's shares is Rs 1 per share. At the same time, its price band has been fixed between Rs 427 to Rs 450 per share. A discount of Rs 22 per share has been kept for the employees of the company. mahindra BANK' target='_blank' title='kotak mahindra bank-Latest Updates, Photos, Videos are a click away, CLICK NOW'>kotak mahindra bank, JP Morgan india and ICICI Securities are the book running lead managers of the IPO.

Know important dates related to IPO

IPO opening date - Tuesday, august 27

IPO closing date - Thursday, august 29

Date of allotment of shares - Friday, august 30

Date of receiving refund - Monday, september 2

Date of crediting shares in demat account - Monday, september 2

Listing date - Tuesday, september 3

GMP is giving indications of strong earnings

Premier Energies Limited's IPO is indicating a great listing in the gray market. According to Investorgain.com, the company's shares in the grey market remained at a GMP of Rs 358 per share i.e. 79.56 percent on Tuesday, august 27. If this situation remains till the day of listing, then the company's shares can be listed at Rs 808 per share. In such a situation, the company can make investors earn good money on the very first day.