Premier Energies IPO Allotment – Effective Ways to Check Allocation Status

Premier Energies IPO allotment status is now available. Allotment status has been made available on August 30, 2024. This is as per the timeline provided in the red herring prospectus (RHP) of the IPO.

Premier Energies initial public offering (IPO) saw a subscription of 74 times over the expected shares to be issued while the High Net Worth Individuals (HNIs) subscribed 50 times over the available shares. The stock is set to be listed on 3 September with much anticipation around the allotment process beforehand. Once the allotment process is finalized, refunds are initiated and shares are likely to be credited into successful investors’ demat accounts by 2 September. Given the reception towards Premier Energies IPO in the grey market premium (GMP), securing an allotment for potential investors could prove challenging due to heightened demand.

Here are a few methods to verify the status of Premier Energies IPO allotment.

#1 Registrar Website – Most effective way to check Premier Energies IPO allotment status

After an IPO has finished accepting subscriptions, the issue registrar takes over the next steps. The registrar handling this case is KFin Tech. Investors can easily visit its website and navigate to Premier Energies from a list of options provided to check their allotment status by entering any of the details given.

• PAN
• IPO Application Number (CAF Number)
• Beneficiary ID (NSDL or CDSL Demat Account Number)

Registrar websites can get really busy during allotment days and may slow down significantly; however KFin Tech seems to have a reliable infrastructure, in place to handle that load better than most others do in such situations. Nevertheless it is always advisable to explore multiple options.

#2 BSE Website

You can also verify the status of Premier Energies IPO allotment by visiting the IPO allotment page on the BSE website. However, it’s important for investors to have both the application number and PAN to check using this method. Just choose equity select the IPO enter your application number and PAN to view the status.

The Bombay Stock Exchange (BSE) boasts a website infrastructure that ensures investors encounter minimal issues, like slow loading times or unresponsiveness when using it.

#3 Bank Account Debit/Removal of Lien

If you haven’t found what you’re looking for yet in your search results up to now, it could be worth checking your bank account.. Many banks have systems in place and send updates on account balances to customers through various means such, as text messages. so you might not even have to log in to banking..

If the investors request has been approved successfully, their application is accepted for a single lot in the Premier Energies IPO at INR 14,850 per lot will be debited from their account accordingly. If the application is not successful the amount that was put on hold for the application will reflect as an increase in the bank account balance.

Upon allocation of shares in an IPO, the balance in the bank account decreases by the corresponding sum of money allocated for the shares purchased. It is crucial to understand that the process of IPO allotment and the subsequent deduction of funds, from a bank account are occurrences; however there are instances where these events occur almost simultaneously.

#4 Credit of Shares in Demat Account

If all else fails and you’re still waiting to receive your shares in your demat account after an IPO listing day has passed by without any credit notifications the slowest method of them all. It can really take the excitement out of the whole allotment process.

Premier Energies IPO Allotment FAQs