Premier Energies IPO Allotment Status

Summary

Premier Energies IPO has received an overwhelming response from investors, closing with a remarkable subscription of 74.90 times by 29th August 2024 (Day 3). The public issue witnessed substantial demand across various investor categories, with the Qualified Institutional Buyers (QIB) category leading the charge. The QIB segment was subscribed 212.42 times, reflecting significant institutional interest in Premier Energies' market potential.

The Non-Institutional Investors (NII) category also showed strong participation, with a subscription of 50.86 times. Within this, big NIIs (bids above ₹10L) subscribed 58.00 times, while small NIIs (bids below ₹10L) subscribed 36.60 times. Retail investors demonstrated solid interest, with the IPO being subscribed 7.31 times in this category. The employee portion was also well-received, being subscribed 11.07 times.

How to Check Premier Energies IPO Allotment Status:

How do you Check Premier Energies IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Kfin Technologies Limited. (https://ris.kfintech.com/ipostatus/)

Step 2: From the selection menu, choose Premier Energies IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Premier Energies IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Premier Energies IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Premier Energies Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status that indicates the available shares for allocation should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Premier Energies IPO Timeline:

Premier Energies IPO Subscription Status

The IPO of Premier Energies received 74.90 subscriptions. By 29th August, 2024 (Day 3), the public issue had been subscribed 7.31 times in the retail category, 212.42 times in the QIB category, and 50.86 times in the NII category.

Subscription Day 3 (As of 5:27 pm August 29, 2024)
Total Subscription: 74.90 times.
QIBs: 212.42 times.
Non-institutional investors: 50.86 times.
Retail investors: 7.31 times.
Employees: 11.07 times.

Subscription Day 2
Total Subscription: 6.72 times.
QIBs: 1.37 times.
Non-institutional investors: 19.35 times.
Retail investors: 4.37 times.
Employees: 7.11 times.

Subscription Day 1
Total Subscription: 2.16 times.
QIBs: 0.04 times.
Non-institutional investors: 5.53 times.
Retail investors: 1.91 times.
Employees: 0.00 times.

Premier Energies IPO Details

Premier Energies' initial public offering (IPO) is a book-built issue amounting to ₹2,830.40 crores. This offering consists of a fresh issue of 2.87 crore shares aggregating to ₹1,291.40 crores and an offer for sale of 3.42 crore shares aggregating to ₹1,539.00 crores.

The bidding process for the Premier Energies IPO commenced on 27th August 2024 and concluded on 29th August 2024. The allotment results for this IPO are anticipated to be finalised on 30th August 2024. Furthermore, the shares of Premier Energies are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 3rd September 2024.
The price range for the Premier Energies IPO has been established between ₹427 and ₹450 per share. Investors must apply for a minimum lot size of 33 shares, which requires a minimum investment of ₹14,850 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 14 lots (462 shares), totalling ₹207,900. In contrast, for big non-institutional investors (bNII), the minimum investment is 68 lots (2,244 shares), amounting to ₹1,009,800.

The issue includes a reservation of up to 233,644 shares for employees offered at a discount of ₹22 to the issue price.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and ICICI Securities Limited serve as the book-running lead managers for the Premier Energies IPO. Kfin Technologies Limited is designated as the registrar for this offering.