Premier Energies IPO share allotment expected today: Steps to check status on NSE, BSE and Kfin Technologies

Premier Energies IPO share allotment status is expected to be finalised on Friday, August 30. The investors who participated in the bidding process of the mainboard issue are awaiting the company to finalise the share allocation after the subscription closed on August 29.

Premier Energies IPO was booked 7.69 times in the retail category and 50.04 times in the Non-Institutional Investors (NIIs) category. The issue was booked 216.67 times in the Qualified Institutional Buyers (QIBs) category.

Subsequent to finalising the share allotment status of Premier Energies IPO, refunds will be initiated for unsuccessful bidders on Monday, September 2. Successful bidders will also receive shares of Premier Energies in their Demat accounts on September 2. The Premier Energies IPO listing date has been tentatively fixed as September 3.

Investors can check Premier Energies IPO share allotment status on the NSE, BSE, and Kfin Technologies websites before the listing.

Steps to check Premier Energies IPO share allotment status on BSE website:

• Visit the BSE website (https://www.bseindia.com)
• Choose 'Investor Relations' and navigate to the public issues section
• Click on Application Status (https://www.bseindia.com/investors/appli_check.aspx)
• Choose 'Premier Energies' from the list
• Enter your PAN details or application number
• Click on the 'Submit' button

Investors can also check the IPO share allotment status on the NSE website using their bank account and PAN details.

How to check Premier Energies IPO share allotment status on registrar Kfin Technologies website

• Go to the Kfin Technologies' website using this link: https://www.kfintech.com/
• Choose the 'IPO Allotment Status' option
• Choose any of the five server links shown on the screen
• Go to the new page that has opened; go to the 'IPO Allotment Status' section
• Choose 'Premier Energies' from the dropdown list
• Select any one of these- Application Number/Demat Account/PAN.
• Type in the captcha and submit.
• The share allotment status will be shown on the screen

Premier Energies IPO details

Premier Energies aimed to raise ₹2,830.4 crore via its public issue. The public offer consisted of a fresh issue of 2.87 crore shares aggregating to ₹1,291.4 crore, along with an offer for sale of 3.42 crore shares aggregating to ₹1,539 crore.

Premier Energies IPO price band was set at ₹427 to ₹450 per share. The minimum lot size for application for retail investors was 33 shares, aggregating to an investment of ₹14,850.

Premier Energies IPO: Objective

Premier Energies plans to invest the issue proceeds in its subsidiary, Premier Energies Global Environment Private Limited. The money will also partially finance the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India, and for other general corporate purposes.

About Premier Energies

Premier Energies was incorporated in 1995 and manufactures integrated solar cells and solar panels. Its clients include NTPC, TATA Power Solar Systems Limited, and Panasonic Life Solutions Private Limited (Panasonic). As of June 2024, the company had 1,447 employees and 3,278 contract labourers.