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Premier Energies, a solar photovoltaic cell maker, made a significant debut on the stock market on September 3, listing at a 120% premium over its IPO price. The shares were priced at ₹450 per share during the IPO and opened at ₹990 per share, doubling investors' wealth. This strong performance highlights the high demand and positive market sentiment towards the company. In a separate development, Raymond Lifestyle, the demerged lifestyle business of Raymond Ltd, also saw a successful listing. The shares started trading at ₹3,020 on the NSE, significantly higher than the issue price of ₹1,563 per share. This listing follows Raymond's confirmation of the demerger and the subsequent surge in its stock price by 8.6% to ₹2180.85 on the BSE.
