Premier Energies (NSE: PREMIERENE) share has seen a tremendous rise.
Premier Energies share rose more than 18 percent to Rs 1188 on Friday on the Bombay Stock Exchange.
The company’s share closed at Rs 1007.20 on Thursday. A company received an offer worth 215 crore rupees.
The price of Premier Energies share in the IPO was Rs 450. In two days, the company’s share has seen a jump of more than 30 percent.
In contrast to the cost of the issue at Rs 455, the shares have increased by 164 percent in four days.
The Company Will Provide An 8085 Solar Water Pumping System
Premier Energies has received an order of Rs 215 crore.
Under this order, the company has to supply, install, and commission 8085 solar water pumping systems with a comprehensive warranty of 5 years in different districts of Uttar Pradesh.
The order will be completed by the end of March 2025.
This program is one of two components of the Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM-KUSUM) scheme.
The Company’s Ipo Came At Rs 450, Now The Shares Have Crossed Rs 1100
The price of Premier Energies shares in the IPO was Rs 450. The share of the company increased to Rs 1188 by 6 September 2024.
Premier Energies’ IPO opened for subscription on 27 August 2024 and remained open till 29 August. The company’s share was listed on BSE on 3 September 2024 at Rs 991.
As against the issue price of Rs 450, the share of Premier Energies has climbed close to 164 percent.
Premier Energies’ IPO was viewed 75 times. The quota for retail investors who participated in Premier Energy’s IPO has been subscribed 7.44 times.
In the same period, 50.98 times bets were placed in the non-institutional investor (NII) category 212.42 times bets were placed in the Qualified Institutional Buyers (QIB) category in Premier Energies’ IPO.
Quick Fact
| Company name | Premier Energies |
|---|---|
| Share price on Thursday | ₹1007.20 |
| Share price on Friday | ₹1188 |
| IPO price | ₹450 |
| Share price on 3 Sept 2024 | ₹991 |
| Rise in share price (2 days) | 30% |
| Rise in share price (4 days) | 164% |
| IPO opening date | 27 Aug 2024 |
| IPO closing date | 29 Aug 2024 |
| IPO subscription rate | 75 times |
| Retail investor subscription | 7.44 times |
| Non-institutional investor subscription | 50.98 times |
| Qualified institutional buyers subscription | 212.42 times |
| Order value | ₹215 crore |
| Order details | 8085 solar water pumping systems |
| Warranty for order | 5 years |
| Program name | PM-KUSUM |
| Time to complete order | By March 2025 |
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