Premier Energies aimed to raise ₹2,830 crore via an IPO starting on August 27, allocating ₹1,291 crore for capacity expansion. The promoter’s stake was set to decrease to 66%. The company projected revenue growth driven by India’s push for renewable energy. It planned substantial capacity enhancements by 2026, using funds from the IPO, debt, and internal accruals.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next