Premier Energies IPO: Issue Trades At Bumper Premium In Grey Market As Investors Await Listing
Premier Energies is all set to list in the stock market on September 3, 2024. Investors are eagerly awaiting the share market debut of the company, scheduled for Tuesday, after the public issue closed for subscription on August 29, 2024.
The allotment for the issue was revealed on August 30, 2024 after the maiden issue received a huge interest from investors. The issue was subscribed 74.38 times, with qualified institutional buyers (QIBs) bidding for the offer 216.67 times, reported Business Standard.
After QIBs, non-institutional investors (NIIs) expressed their interest in the issue and subscribed 50.04 times, while retail investors bid 7.69 times for the issue. The public issue was priced in the range of Rs 427 to Rs 450.
Ahead of the listing, the shares were trading in the premium mar...