The Premier Energies IPO received strong demand, with the share allotment now finalized. The premier energy IPO listing date is scheduled for September 3, 2024, with shares to be credited to eligible investor’s demat accounts by September 2. Investors can check their allotment status online via the BSE website or the IPO registrar, Kfin Technologies Limited. The IPO was subscribed 74.38 times, with significant interest from various investor categories, and shares are trading at a 94% premium in the grey market. Premier Energies IPO price band was ₹427 to ₹450 per share. The company raised ₹2,830.40 crore through a combination of fresh issue and offer for sale.

Premier Energies, founded in 1995, is a leading solar cell and module manufacturer backed by GEF Capital, a Washington DC based Private Equity Investor. The company operates cutting-edge facilities across three locations in Telangana, with a total land area of over 44.91 acres and an annual production capacity of 2 GW for solar cells and 3.36 GW for modules. They are also developing a new TOPCon cell line, expanding their operations on an additional 75 acres. Their products meet high international standards, with 12 modules recognized as top performers in PVEL’s 2023 Module Reliability Scorecard. The company is LEED Gold Certified and has been recognized as a “Great Place to Work” for the third consecutive year.