Premier Energies & Tata Tech IPO Subscribed 18x on Final Day: Strong 40% Listing Gain Expected

The initial public offering (IPO) closed with stellar demand across institutional and retail categories on its final day of bidding.

Subscription Breakdown

• QIB Category: Subscribed 32.4 times.
• NII / HNI Category: Subscribed 19.8 times.
• Retail Investors: Subscribed 8.6 times.

Grey Market Premium (GMP): Unofficial market tracking indicates a premium of ₹240 over the issue price of ₹540, representing an estimated 44% listing gain.

Allotment status will be finalized tomorrow evening. Investors can check allotment status on the registrar portal.