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<ul><li>Premier Energies is expected to announce its share allotment status on Friday, August 30.</li><li>The shares of Premier Energies were subscribed 74.38 times.</li><li>The shares are expected to be listed on the stock exchanges on September 3.</li></ul>Hyderabad-based Premier Energies, a manufacturer of integrated solar cells and solar panels is expected to announce the allotment status of its initial public offering (IPO) on Friday, August 30.<br /><br />The <keyword id="22970900" type="General" weightage="20" keywordseo="Premier-Energies-IPO" source="keywords">Premier Energies IPO</keyword> opened on August 27 and closed on August 29. The price band for the IPO was ₹427 to ₹450 per share.<br /><br /><h2>Premier Energies IPO subscription</h2>On its last day, the Premier Energies IPO was subscribed 74.38 times, receiving bids for 332.03 crore equity shares against 4.46 crore shares on offer.<br /><br />While the qualified institutional buyer (QIB) portion was subscribed 216.67 times, the non-institutional investor's portion was subscribed 50.04 times. The retail portion witnessed decent participation and was subscribed 7.69 times. The employee portion was subscribed 11.43 times.<br /><br /><h2>Premier Energies grey market premium</h2>The shares of Premier Energies are currently commanding a grey market premium (GMP) of ₹420 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.<br /><br /><h2>How to check Premier Energies’s IPO allotment status</h2>You can check the allotment status on the registrar’s website.<br /><br /><ul><li>To check the <keyword id="22922778" type="General" weightage="100" keywordseo="Premier-Energies-IPO-allotment" source="Orion">Premier Energies IPO allotment</keyword> status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.<br /></li><li>Click on ‘Company Selection’ and then select ‘Premier Energies’.<br /></li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.<br /></li><li>Click on ‘Search’.<br /></li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.<br /><br />You can also check the Premier Energies IPO allotment status on the BSE and NSE websites.<br /><br />To check the allotment status on the BSE or NSE website:<br /><br /><ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.<br /></li><li>On the website, click on 'Equity' and then select ‘Premier Energies’ from the dropdown menu.<br /></li><li>Now, enter your application number and PAN.<br /></li><li>Click on 'Search'.<br /></li></ul>You will be able to see the number of shares allotted to you.<br /><br />You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE.<br /><br /><h2>Premier Energies listing date</h2>The shares of Premier Energies will be listed on the stock exchanges on September 3.<br /><br /><em>Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice.</em><br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/business/auto/news/ducati-multistrada-v4-rs-adv-launched-in-india-at-38-40-lakh/slidelist/112912412.cms">Ducati Multistrada V4 RS ADV launched in India at ₹38.40 lakh</a><br /><br /><a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-september-2024/slidelist/112841889.cms">Upcoming smartphones launching in India in September 2024</a><br /><br /></strong><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-increases-prices-of-prepaid-plans-with-netflix-bundle-new-prices-benefits-detailed/articleshow/112873781.cms"><strong>Reliance Jio increases prices of prepaid plans with Netflix bundle: New prices, benefits detailed</strong></a><br />

Premier Energies IPO allotment – How to check allotment, IPO GMP, listing date and more

<ul><li>Three mainboard companies and six SMEs will begin their <keyword id="10012322" type="General" weightage="100" keywordseo="ipos-this-week" source="Orion">IPOs this week</keyword>.</li><li><keyword id="21372622" type="General" weightage="20" keywordseo="Premier-Energies" source="keywords" meta.keywordsubtype="org" meta.entityname="Premier Energies" meta.hostid="261" meta.entityid="Premier Energies">Premier Energies</keyword> is the biggest IPO that is scheduled to begin this week.</li><li>Here’s everything you need to know about the <keyword id="8964554" type="General" weightage="20" keywordseo="upcoming-ipos" source="Orion">upcoming IPOs</keyword> this week.</li></ul>Initial public offerings (IPOs) are gaining steam once again, with three mainboard companies and multiple small and medium enterprises (SMEs) looking to raise funds from the primary market.<br /><br />The three mainboard companies looking to raise funds from the primary market include Premier Energies, <keyword id="22920122" type="General" weightage="20" keywordseo="ECO-Mobility" source="keywords" meta.keywordsubtype="org" meta.entityname="ECO Mobility" meta.hostid="261" meta.entityid="ECO Mobility">ECO Mobility</keyword> and Bazaaar Style Retail. Apart from this, six SMEs will also launch their IPOs this week, with one SME IPO already underway.<br /><br />In this post, we look at the IPOs hitting Dalal Street this week:<br /><br /><h2>Premier Energies</h2>Premier Energies Limited, a Hyderabad-based manufacturer of solar cells and solar panels is the company looking to raise the highest funds this week. The company is looking to raise ₹2,830.4 crore, including a fresh issue of ₹1,291.40 crore and an offer for sale (OFS) component of ₹1,539 crore. The company’s IPO begins on August 27 and ends on August 29.<br /><br /><div type="Article" hostid="261" msid="112747268" title="Orient Technologies IPO allotment – How to check allotment, IPO GMP, listing date and more" mstype="2" mssubtype="0"></div><br /><h2>ECO Mobility</h2>Eco Mobility, a chauffeur-driven car rental service provider is looking to raise ₹601.20 crore from the market, all of which is an offer for sale and there is no fresh issue of shares. The IPO opens for subscription on August 28 and closes on August 30, 2024. The company offers chauffeur-driven cars and employee transportation services, focusing on corporates.<br /><br /><h2>Baazar Style Retail</h2>Baazar Style Retail Limited, a fashion retailer that operates in West Bengal and Odisha is looking to raise ₹834.68 crore from the primary market, which includes a fresh issue of ₹148 crore and an offer for sale component of ₹686.68 crore. The company’s IPO begins on August 30 and ends on September 3.<br /><br /><h2><keyword id="18638411" type="General" weightage="20" keywordseo="sme-ipos-this-week" source="Orion">SME IPOs this week</keyword></h2>A total of six SMEs are looking to raise funds from the primary market this week. The Indian Phosphate IPO is already underway, and three IPOs will begin on August 27, with one IPO to begin on August 28 and August 29 each. SMEs raising funds from the market include Aeron Composite, Vdeal Systems, Archit Nuwood Industries and more.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/tech/news/govt-warns-about-fake-sms-warning-users-to-update-their-pan-what-it-is-and-how-to-stay-safe/articleshow/112795812.cms">Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe</a><br /><br /><a href="https://www.businessinsider.in/stock-market/news/orient-technologies-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/112747268.cms">Orient Technologies IPO allotment – How to check allotment, IPO GMP, listing date and more</a><br /><br /></strong><a href="https://www.businessinsider.in/business/auto/webstories/2024-tvs-jupiter-vs-honda-activa-6g-which-110cc-scooter-should-you-buy/slidelist/112730069.cms"><strong>2024 TVS Jupiter vs Honda Activa 6G – which 110cc scooter should you buy?</strong></a><br />

Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more

<ul><li><keyword id="22929981" type="General" weightage="20" keywordseo="Resourceful-Automobile" source="Orion">Resourceful Automobile</keyword>, a <keyword id="22931365" type="General" weightage="20" keywordseo="Yamaha-dealership" source="keywords">Yamaha dealership</keyword> with two showrooms has received an amazing response for its SME IPO.</li><li>The company’s IPO has been subscribed over 400 times, receiving bids for over ₹4,700 crore.</li><li>Here’s everything you need to know about the <keyword id="22929982" type="General" weightage="20" keywordseo="Resourceful-Automobile-ipo" source="Orion">Resourceful Automobile IPO</keyword>.</li></ul>In a surprising turn of events, Resourceful Automobile, a company looking to raise funds through an SME IPO (small and medium enterprises) has received an amazing response, shocking everyone.<br /><br />The company, which operates two Yamaha bike showrooms in New Delhi was looking to raise ₹11.99 crore through an initial public offering (IPO). It ended up receiving applications worth over ₹4,760 crore as the IPO has been subscribed over 418 times.<br /><br />      <div type="Article" hostid="261" msid="112798622" title="Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more" mstype="2" mssubtype="0"></div><br />The company received bids for 40.76 crore shares against the offered 10.25 lakh shares. The company had set the share price at ₹117 per share with a lot size of 1,200 shares per application.<br /><br />The IPO is set to be listed on the BSE SME platform on August 29.<br /><br /><h2>Just eight employees</h2>Resourceful Automobile has just eight employees, three in legal and finance, two in sales, two in operations and one in human resources.<br /><br />A company that operates just two showrooms receiving such a response has resulted in mixed responses from social media, while some are talking about the expected returns, there have been calls for stricter regulation to protect the interests of retail investors.<br /><br />The company will use the funds raised to open new showrooms, repay debt and meet the working capital requirements.<br /><br /><h2>Analysts had asked to avoid the IPO</h2>Several analysts had recommended users not apply for the IPO as the company operates in a highly competitive segment of two-wheeler dealerships and has been inconsistent in its financial performance.<br /><br />For the year ending February 2024, the company reported a revenue of ₹17.23 crore with a profit of ₹1.52 crore. In March 2023, the company reported a revenue of 19.38 crore and a profit of just 41.5 lakh.<br /><br /><h2>Why did the IPO receive such a response?</h2>While its financials were not strong, one of the reasons for the robust subscription was the high expected return.<br /><br />The company is currently enjoying a grey market premium of ₹85 per share, which is around 73% of its share price.<br /><br /><h2>NSE tightens the norms for SME IPOs</h2>The NSE had already tightened the norms for SME IPOs earlier this month. Starting from September 2024, only companies with positive free cash flow to equity for at least two of the last three financial years will be allowed to list in the SME segment.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/tech/news/telegram-comes-under-the-scanner-in-india-for-extortion-and-gambling-will-it-be-banned-in-india/articleshow/112807370.cms">Telegram comes under the scanner in India for extortion and gambling – will it be banned in India?</a><br /><br /><a href="https://www.businessinsider.in/stock-market/webstories/premier-energies-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112803763.cms">Premier Energies IPO – Price band to risk factors, all you need to know</a><br /><br /></strong><a href="https://www.businessinsider.in/tech/news/govt-warns-about-fake-sms-warning-users-to-update-their-pan-what-it-is-and-how-to-stay-safe/articleshow/112795812.cms"><strong>Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe</strong></a><br />

Delhi firm with just 8 employees seeks ₹12 crore via IPO, gets ₹4,700 crore worth of investor applications!

<ul><li><keyword id="19901201" type="General" weightage="20" keywordseo="SEBI" source="keywords">SEBI</keyword> has brought in new norms to regulate <keyword id="22205854" type="General" weightage="20" keywordseo="financial-influencers" source="keywords">financial influencers</keyword> or “finfluencers”.</li><li>The new norms prevent its regulated entities from partnering with unregistered individuals.</li><li>The new norms are aimed at minimising risks to retail investors who are easily influenced by such entities.</li></ul><keyword id="22979393" type="General" weightage="20" keywordseo="Stock-market-watchdog" source="keywords">Stock market watchdog</keyword> Securities Exchange Board of India (SEBI) has brought in new norms to regulate unregistered financial influencers or “finfluencers” as it looks to clamp down on associations between its regulated entities and unregistered individuals.<br /><br />SEBI, in three separate notifications, has brought in new norms amid growing concerns about the potential risk associated with such <keyword id="21258588" type="General" weightage="20" keywordseo="finfluencers" source="keywords">finfluencers</keyword>. SEBI's board had approved the <keyword id="20306338" type="General" weightage="20" keywordseo="new-regulations" source="keywords">new regulations</keyword> in a proposal last month.<br /><br /><h2>What are the new regulations for finfluencers?</h2>As per the new regulations, SEBI-regulated entities and their agents are restricted from engaging in financial transactions, client referrals or interaction of information technology systems with any other person who, directly or indirectly, provides advice, recommendations or makes explicit claims of return.<br /><br />No person regulated by the Board (SEBI) or the agent of such a person shall have any direct or indirect association with another person who provides advice or any recommendation, directly or indirectly, in respect of or related to a security or securities, unless the person is registered with or otherwise permitted by the Board to provide such advice or recommendation; or makes any claim, of returns or performance expressly or impliedly, in respect of or related to a security or securities, unless the person has been permitted by the Board to make such a claim," SEBI said.<br /><br />SEBI has revised the regulations governing depository participants, intermediaries, and securities contracts. This will prevent mutual fund houses, registered investment advisors (RIA) and stock brokers from partnering with such influencers.<br /><br />SEBI has however allowed an exception for a limiter period for investor education partnerships. In such partnerships, finfluencers will not be allowed to offer recommendations or make claims about returns or financial performance.<br /><br />The new norms have been introduced to protect retail investors who get easily influenced by such entities offering biased or misleading information to earn a commission.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/stock-market/webstories/baazar-style-retail-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112920678.cms">Baazar Style Retail IPO – Price band to risk factors, all you need to know</a><br /><br /><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-september-2024/slidelist/112917920.cms">Upcoming cars launching in India in September 2024</a><br /><br /></strong><a href="https://www.businessinsider.in/stock-market/news/premier-energies-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/112913671.cms"><strong>Premier Energies IPO allotment – How to check allotment, IPO GMP, listing date and more</strong></a><br />

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Premier Energies IPO allotment – How to check allotment, IPO GMP, listing date and more

Sourabh Jain

Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more

Sourabh Jain

Delhi firm with just 8 employees seeks ₹12 crore via IPO, gets ₹4,700 crore worth of investor applications!

Sourabh Jain

SEBI brings in new norms to regulate finfluencers

Sourabh Jain

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