News > Premier Energies debut at 120% premium over IPO price
Premier Energies debut at 120% premium over IPO price
03/09/2024 11:10 AM | Click to read full article
Shares of Premier Energies Ltd. listed on the BSE at Rs 991 apiece, a premium of 120.2% over its issue price of Rs 450 per share. Even on the National Stock Exchange, the stock debuted at a premium of 120%. The initial public offering of Premier Energies was subscribed 74.38 times on its final day of bidding. The company raised Rs 2,830.4 crore, consisting of a fresh issue of shares worth Rs 1,291.4 crore and an offer-for-sale component of Rs 1,539 crore.
