Premier Energies IPO
Premier Energies Limited (PREMIERENE) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 September 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +35.9% (likely range +27% to +57%), day's high +54.1%, chance of a gain 92%. Actual: +120.0% at the open, +121.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,22,89,227 | 2,66,27,11,491 | 217x | |
| NII (HNI) total | 96,31,406 | 48,19,73,250 | 50.0x | |
| Big NII (above ₹10 lakh) | 64,20,937 | 36,34,93,053 | 56.6x | |
| Small NII (₹2-10 lakh) | 32,10,469 | 11,84,80,197 | 36.9x | |
| Retail | 2,24,73,279 | 17,27,54,472 | 7.69x | |
| Employees | 2,46,913 | 28,23,084 | 11.4x | |
| Total | 4,46,40,825 | 3,32,02,62,297 | 74.4x |
Bids on NSE and BSE together, as published by NSE, as of 29 Aug 2024, 07:00 PM. Shares offered exclude the anchor portion. 5% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Premier Energies's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Emcure PharmaceuticalsJul 2024 | 196x | 48.3x | 7.21x | 67.9x | ₹1,950 Cr | +31.4% | +37.4% |
| IndegeneMay 2024 | 198x | 55.1x | 7.95x | 69.9x | ₹1,840 Cr | +44.9% | +46.0% |
| SBFC FinanceAug 2023 | 193x | 49.1x | 11.0x | 70.2x | ₹1,082 Cr | +43.9% | +67.5% |
| Jupiter Life Line HospitalsSep 2023 | 187x | 34.8x | 7.73x | 63.7x | ₹886 Cr | +32.4% | +50.9% |
| Tata TechnologiesNov 2023 | 203x | 62.1x | 16.5x | 69.4x | ₹3,043 Cr | +140.0% | +180.0% |
| INOX IndiaDec 2023 | 148x | 53.2x | 15.3x | 61.3x | ₹1,459 Cr | +43.9% | +50.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| ICICI Securities | 109 | +21.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the Premier Energies IPO price band and lot size? ₹427–450 per share, with a lot of 33 shares, so the smallest retail bid is ₹14,850.
How many times has it been subscribed? 74.4x overall: QIB 217x, NII 50.0x, retail 7.69x, employees 11.4x.
How did it list? It opened at ₹990, +120.0% against the issue price of ₹450, and closed its first day +86.6%.
