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Premier Energies IPO GMP Today, Price Range, and Company Details

Premier Energies Limited IPO offers shares at ₹427 to ₹450 per share and has a GMP of ₹336. Available in 33 share lots, the subscription window is open from August 27 to August 29, 2024.
Premier Energies IPO GMP Today, Price Range, and Company Details

As of August 26, 2024, Premier Energies Limited IPO has ₹336 as Grey Market Premium, with a price range from ₹427 to ₹450 per share. Offering lots of 33 shares, the subscription window is open from August 27 to August 29, 2024. 

Premier Energies Limited IPO GMP Today

The Grey Market Premium (GMP) for Premier Energies Limited is ₹336 as of August 26, 2024. This assessment coincides with a price from ₹427 to ₹450 per share for the IPO.

Premier Energies Limited IPO Review

Premier Energies Limited has demonstrated significant revenue growth, increasing from ₹7,428.71 million in March 2022 to ₹31,437.93 million by March 2024, with profitability also rising sharply. This performance, coupled with an impressive surge in EPS and RoNW, enhances investor confidence despite the challenges.

However, the company faced financial strains evidenced by a higher debt-equity ratio, decreased liquidity, and a drop in inventory turnover. These issues highlight potential risks in debt management and operational efficiency that could impact future growth and short-term financial health.

To get a full IPO review, click here Premier Energies IPO 

Premier Energies Limited IPO Date

Premier Energies Limited will start accepting subscriptions from August 27 to August 29, 2024.

Premier Energies Limited IPO Price

Premier Energies Limited’s price range is from ₹427 to ₹450 per share with a face value of ₹10 each.

Premier Energies Limited

Premier Energies Limited, a seasoned manufacturer of solar PV cells and modules, boasts a 2 GW cell and 4.13 GW module production capacity across five facilities in Hyderabad. The company is expanding with a 1,000 MW TOPCon cell line by 2025 and plans for an additional 4 GW, supported by IREDA financing and IPO proceeds. 

How To Apply For Premier Energies Limited IPO?

To apply for the Premier Energies Limited IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Premier Energies Limited on the Alice Blue platform. 

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly. 

You can apply for the Premier Energies Limited IPO at Alice Blue in just a few clicks!

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