Premier Energies Share Price Live Updates: GMP, experts signal multibagger return upon listing. Check listing time, more

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₹427 to ₹450 per equity share, having a face value of ₹1. Anchor investors infused ₹846 crore into the company.The initial public offering (IPO) comprises a fresh issuance of equity shares totalling up to ₹1,291.4 crore and an Offer for Sale (OFS) of a maximum of 3.42 crore shares by the existing shareholders, which amounts to approximately ₹1,539 crore based on the upper band price of ₹450.As part of the offer-for-sale component, South Asia Growth Fund II Holdings LLC (SAGF II) will sell 2.68 crore equity shares, South Asia EBT Trust will divest 1,72,800 equity shares, and promoter Chiranjeev Singh Saluja will offload 72,00,000 equity shares.Founded in April 1995, Premier Energies Limited specialises in the production of integrated solar cell and solar panels.

Its range of offerings includes solar cell, solar module, monofacial and bifacial modules, as well as EPC and O&M solutions. The company operates five manufacturing facilities, all located in Hyderabad, Telangana, India.

Premier Energies IPO grey market price is +487. This indicates Premier Energies share price were trading at a premium of ₹487 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Premier Energies share price was indicated at ₹937 apiece, which is 108.22% higher than the IPO price of ₹450.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.Get the best recommendations on Stocks, Mutual