Premier Energies IPO opens for subscription: Should you apply for big listing gains? Check Anil Singhvi's view

Premier Energies IPO Subscription Opens

Premier Energies IPO Subscription Opens: The initial public offer (IPO) of solar cell and module manufacturer Premier Energies Ltd is now open for subscription.

Premier Energies IPO Subscription Opens: Price Band

Premier Energies IPO Subscription Opens: The company has fixed a price band of Rs 427-450 a share for its Rs 2,830-crore initial public offering (IPO). 

Premier Energies IPO Subscription Opens: Subscription dates

Premier Energies IPO Subscription Opens: The initial share sale is now open and will conclude on August 29.

Premier Energies IPO Subscription Opens: Lot size

Premier Energies IPO Subscription Opens: The minimum lot size for an application is 33 shares.

Premier Energies IPO Subscription Opens: Issue Size

Premier Energies IPO Subscription Opens: The IPO is a combination of a fresh issue of equity shares aggregating up to Rs 1,291.4 crore and an offer-for-sale (OFS) of up to 3.42 crore shares, by the selling shareholders, valued at Rs 1,539 crore at the upper end of the price band. This takes the total issue size to Rs 2,830 crore.

Premier Energies IPO Subscription Opens: Big Listing Gains

Premier Energies IPO Subscription Opens: According to Zee Business Managing Editor Anil Singhvi, investors can subscribe for big listing gains and also with a long-term perspective.

Premier Energies IPO Subscription Opens: Positives

Premier Energies IPO Subscription Opens: Here are some of the positives mentioned by Anil Singhvi.

- Strong promoters and have been in this business for 25 years

- Leading player in solar cell and module manufacturing

- Benefits of backward integration

- ⁠Strong order book of approx 6000 crore

- Huge growth prospects from Surya Ghar Yojna

Premier Energies IPO Subscription Opens: Negatives

Premier Energies IPO Subscription Opens: Here are some of the negatives mentioned by Anil Singhvi

- Highly competitive industry

- Risk of change in govt policies and subsidies

Premier Energies IPO Subscription Opens: What does the company do?

Premier Energies IPO Subscription Opens: Premier Energies is an integrated solar cell and solar module manufacturer with 29 years of experience and an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules. It has five manufacturing facilities.

Premier Energies IPO Subscription Opens: Book-running lead managers

Premier Energies IPO Subscription Opens: Kotak Mahindra Capital Company Ltd, J P Morgan India Pvt Ltd and ICICI Securities Ltd are the book-running lead managers to the issue.

Premier Energies IPO opens for subscription: Allotment Date

Premier Energies IPO opens for subscription: The allotment is expected on August 30.

Premier Energies IPO opens for subscription: Listing Date

Premier Energies IPO opens for subscription: Listing is expected on September 3 on both NSE, BSE.