Primary market action on August 27: Premier Energies IPO fully subscribed on Day 1; check full details

The primary market is witnessing a busy period this week as several mainboard and small and medium enterprises (SMEs) are scheduled to launch their initial public offers. Tuesday, August 27, was an action-packed day for the primary market, with three SMEs and one mainboard issue opening for subscription.

Additionally, Rapid Multimodal IPO closed today with a bumper subscription and the share allotment status of Resourceful Automobile IPO was scheduled to be finalised.

Here’s a look at all the actions that kept the primary market buzzing on Tuesday.

Premier Energies IPO Day 1

Premier Energies IPO received bids for over 9.35 crore shares against 4.46 crore shares on offer. The issue was subscribed 2.1 times on the first day of bidding.

The non-Institutional Investors (NIIs) category drove the demand for the issue, which was booked 5.37 times. The retail portion of the public offer was subscribed 1.81 times, and the QIB portion of the NSE SME issue was subscribed 4%.

Premier Energies aims to raise ₹2,830.4 crore through its IPO. Premier Energies IPO consists of a fresh issuance of 2.87 crore shares, aggregating to ₹1,291.4 crore, along with an offer for sale of 3.42 crore shares worth ₹1,539 crore.

Premier Energies IPO price band has been fixed at ₹427 to ₹450 per share. The subscription window for Premier Energies IPO will close on Thursday, August 29. The tentative listing date for Premier Energies shares has been set for September 3.

Vdeal System IPO fully subscribed on day 1

Vdeal System IPO saw strong demand on the first day of bidding. Bids were received for over 66.55 lakh shares against 15.32 lakh shares on offer. The issue was subscribed 4.34 times on the first day of bidding.

The retail investor category drove the demand for the issue as it was booked 7.48 times in the retail category. The Non-Institutional Investors booked their segment 1.2 times.

Vdeal System aims to raise ₹18.08 crore through its public issue, which consists of an entirely fresh issue of 16.14 lakh shares. The issue price for the IPO has been fixed at ₹112 per share. The subscription window for the IPO is slated to close on August 29. The tentative listing date for Vdeal System shares has been set for September 3.

Jay Bee Laminations IPO Day 1

Jay Bee Laminations IPO received bids for over 1.91 crore shares against 40.78 lakh shares offered for bidding. The issue was booked 4.68 times on the first day. Retail investors drove the demand for the issue as the category was booked 7.93 times. The NIIs’ category was booked 3.11 times, while the QIBs’ portion received no bids. As many as 11.4 lakh shares have been reserved for the category.

Jay Bee Laminations IPO is a book building issue worth ₹88.96 crore. Jay Bee Laminations IPO consists of a fresh issue of 45.7 lakh shares aimed at raising ₹66.72 crore along with an offer for sale of 15.23 lakh shares aggregating to ₹22.24 crore. Jay Bee Laminations IPO price band has been fixed at ₹138 to ₹146 per share. The subscription window for Jay Bee Laminations IPO will close on August 29. The tentative IPO listing date has been set for September 3.

Paramatrix Technologies IPO Day 1

Paramatrix Technologies IPO received bids for over 24.66 lakh shares against 29.2 lakh shares on offer. The issue was subscribed 84% on the first day of subscription.

Retail investors drove the demand for the issue as the category was booked 1.29 times. The SME issue was subscribed 39% in the NIIs’ category.

Paramatrix Technologies' IPO price has been set at ₹110 per share. The ₹33.84-crore public offer comprises a fresh issue of 27.59 lakh shares aggregating ₹30.35 crore and an offer for sale of 3.18 lakh shares amounting to ₹3.5 crore.

The subscription window for Paramatrix Technologies IPO will close on August 30. The tentative listing date for Paramatrix Technologies shares is September 4.

Rapid Multimodal Logistics IPO Day 3

Rapid Multimodal Logistics IPO received bids for over 33.65 crore shares, against 9.6 lakh shares offered for subscription. On the final day of bidding, the issue was booked 350.55 times.

Retail investors subscribed their portion 172.54 times. The NIIs category was booked 512.91 times. The BSE SME issue received bids for 75.12 lakh shares in the QIBs category.

Rapid Multimodal Logistics aims to raise ₹8.49 crore through an entirely fresh issue of 10.11 lakh shares. The share allotment status of Rapid Multimodal Logistics IPO is expected to be decided on August 28. The tentative listing date for Rapid Multimodal Logistics shares is August 30.

Resourceful Automobile IPO Allotment

Resourceful Automobile IPO share allotment status will be finalised on August 27. Refunds will be initiated for unsuccessful bidders on August 28, and the shares will be credited to the Demat accounts of successful bidders on the same day. The tentative listing date for shares of Resourceful Automobile is August 29. Shares of Resourceful Automobile will be listed on the BSE SME platform.

The Resourceful Automobile IPO, worth ₹11.99 crore, consisted of a fresh issue of 10.25 lakh shares. On the final day of bidding, it was booked 419.87 times.