Premier Energies' stock went multibagger on its listing at the bourses, and on Tuesday, September 3, shares had a spectacular debut at Dalal Street. The BSE listed the stock at Rs 991, which is 120.22 percent more than the Rs 450 issue price per share. Similar to this, the stock was launched on NSE at a premium of 120% above the issue price of Rs 990.

Premier Energies' listing has performed better than anticipated. The company's shares were trading at a Grey market premium (GMP) of Rs 500–505 a share over its issue price before to listing, indicating a fantastic listing jump of more than 110 percent to the investors.

Premier Energies had an initial public offering (IPO) from August 27 to August 29. With a lot size of 33 shares, the business had offered its shares in the fixed price range of Rs 427-450 a share. Through its primary offering, which comprised a new share sale of Rs 1,291.40 crore and an offer to sell 3.42 crore shares, it raised about Rs 2,830.40 crore.

The issue was subscribed to 74.38 times total and witnessed strong bidding. Qualified institutional bidders' (QIBs') quota was filled an impressive 216.67 times. A staggering 50.04 times as many people subscribed to the non-institutional investor quota. During the bidding procedure, bids were placed on the sections designated for workers and retail investors 11.43 times and 7.69 times, respectively.

Premier Energies was founded in April 1995 and produces solar panels and integrated solar cells. Cells, solar modules, monofacial modules, bifacial modules, EPC solutions, and O&M solutions are among the products in its portfolio. Its five production facilities are all located in Hyderabad, Telangana.

Brokerages suggested long-term subscription for the IPO and were generally optimistic about the matter. The book-running lead managers for the Premier Energies IPO were ICICI Securities, Kotak Mahindra Capital, and JP Morgan India. Kfin Technologies served as the issue's registrar.