Premier Energies IPO Day 2: Premier Energies IPO which was opened to investors for bidding on August 27 has been subscribed more than 4 times than the offered shares. The retail section was booked 3.27 times. The issue has received bids of Rs 8,648.50 as of August 28. The issue will close on August 29. Issue Size The company brought the issue of Rs 2,830.40, in which it is selling fresh shares as well as shares of promoters and other selling shareholders. Premier Energies IPO Details The company kept the IPO price band in a range of Rs 427 to Rs 450 per equity share. The allotment of the shares is expected to be finalised by August 30. The listing is likely to be on NSE and BSE on August 30, as per the tentative schedule. Minimum Investment Requirement A retail participant needs to apply for at least one lot that contains 33 shares, amounting to Rs 14,850. For small NII, the entry ticket is Rs 2,07,900 while for big NII it is Rs 10,09,800. Employee Reservation The issue has an employee reservation of up to 233,644 shares, which are available to them at a discount of Rs 22 to the issue price. BRLMs and Registrar Kotak Mahindra Capital Company, J.P. Morgan India Pvt Ltd, and ICICI Securities are the lead book runners of the Premier Energies IPO. Kfin Technologies has been chosen to work as the registrar for the issue.
