🌟 IPO Highlights:
Price Band: ₹427 to ₹450 per share
Subscription Closure Date: August 29, 2024
Premier Energies has really caught the attention of investors across the board. The public issue saw a fantastic response, and the excitement is through the roof!
📈 Investor Interest:
The Premier Energies IPO has been a blockbuster, with a jaw-dropping subscription rate of 74.38 times! Here’s how different investor groups showed their love:
Qualified Institutional Buyers (QIBs): The big players went all in, bidding a massive 216.67 times the shares available. Clearly, they see great potential here!
Non-Institutional Investors (NIIs): High-net-worth individuals and corporate bodies weren’t left behind, showing strong interest with a subscription of 50.04 times.
Retail Investors: Everyday investors like you and me also jumped in with enthusiasm, leading to a subscription rate of 7.69 times.
🏦 What Are the Experts Saying?
The buzz from brokerages is overwhelmingly positive! Firms like Reliance Securities, Deven Choksey, Anand Rathi Research, Choice, Geojit, Canara Bank Securities, and Swastika Investmart have all given a thumbs-up, highlighting the strong growth prospects of Premier Energies.
🔍 What’s Next?
The moment we’ve all been waiting for is almost here – the IPO allotment! The share allocation is expected to be finalized today. Want to know if you got lucky? Here’s how you can check your allotment status:
BSE Website: Check the allotment status directly on the Bombay Stock Exchange website.
NSE Website: The National Stock Exchange also offers a way to check your status online.
Kfin Technologies: As the official registrar for the IPO, Kfin Technologies will have the allotment details available on their platform.