Premier Energies IPO is a 100% book-built offer IPO, The Issue is open for subscription on Tuesday, August 27, 2024 issue closes on Thursday, August 29, 2024. IPO lists both stock exchanges NSE and BSE on Tuesday, September 3, 2024. Premier Energies IPO fresh issue 2.87 crore shares Valued at ₹1,291.40 Crores and Offer for sale (OFS) issue 3.42 crore equity shares Valued at ₹ 1,539.00 Crores. The total IPO issue size is 2,830.40 crores.
Premier Energies IPO one share price range is ₹427 to ₹450 rupees, every equity share face value Rs 1. One lot size is 33 equity shares. The company’s special employee discount is ₹22 Per Share. The retail investor minimum investment required for applying this IPO is ₹14,850 and the retail investor maximum investment limit is 13 Lots 429 Shares ₹193,050.
Company Name
Premier Energies Limited
IPO Offer Type
100% book-built issue
Share Issue Type
Fresh Share & OFS
Fresh Issue Size
28,697,777 Crores Equity Shares Valued at ₹1,291.40 Crores
Offer For Sale ( OFS )
34,200,000 Crores Equity Shares Valued at ₹ 1,539.00 Crores
Total Issue Size
62,897,777 Equity shares value (₹2,830.40 Crores)
Face Value
₹1
One Lot Size
33 Equity Shares
Price Range
₹427/- to ₹450/- per share
Employee Discount
₹22 Per share
Listing Platform
NSE & BSE
Book Running Lead Manager
Kotak Mahindra Capital Company Limited, J.P. Morgan India Pvt. Ltd, ICICI Securities Limited
Premier Energies IPO Investors Investment Required
Investor Types
Minimum Investment
Maximum Investment
Retail Investors
1 Lot 33 Shares ₹14,850
13 Lots 429 Shares ₹193,050
Small ( NII )
14 Lots 462 Shares ₹207,900
67 Lots 2,211 Shares ₹994,950
Big ( Non-Institutional Investors)
68 Lots 2,244 Shares ₹1,009,800
–
Premier Energies IPO Category Wise Reservation
Category
Total Limit ( % )
Retail Investors
Not Less than 35.00% of the net Issue.
Non-Institutional Investors ( NII )
Not Less than 15.00% of the net issue.
QIB Investors
Not More than 50.00% of the net issue.
Premier Energies IPO GMP Today LIVE
Premier Energies IPO current Grey Market Premium running today is Rs 280 for LIVE GMP price Premier Energies IPO please check here.
Premier Energies IPO Management Commentary LIVE Video
Premier Energies Limited Company Details
Market Capitalization
20284.33 Crores
Date of Foundation
April 1995
Company Identification Number
U40106TG1995PLC019909
Registration Number
019909
Company Business Sector
Solar Energy
Premier Energies Limited Business Details
The company currently operates five manufacturing plants in Hyderabad, Telangana, India, with a total annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules. Premier Energies sells their products are NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited (Panasonic), Continuum, Shakti Pumps, First Energy, Luminous, Hartek Solar Private Limited (“Hartek”), Green Infra Wind Energy Limited, Madhav Infra Projects Limited (“Madhav”), SolarSquare Energy Private Limited (SolarSquare), Axitec Energy India Private Limited (Axitec), Bluepine Energies Private Limited etc.
As of July 31, 2024, the Company’s massive order book of ₹59,265.65 million of which ₹16,091.14 million was about non-DCR solar modules,₹22,140.60 million was about DCR solar modules, ₹18,911.18 million was about solar cells and ₹2,122.72 million was about EPC projects.
The company specializes in manufacturing solar cells and solar modules and has 29 years of experience in the solar industry. Premier Energies Limited all products are services are:
Manufacturing Solar Cells: In this segment, the company manufactures bifacial monocrystalline PERC solar cells. These cells can be assembled into solar modules.
Manufacturing Solar Modules: The company makes solar modules using many new technologies like monocrystalline PERC and TOPCon.
Custom Solar Products: The company offers customizable solar-related products, including bespoke solar tiles tailored as per customer needs.
O&M Services: The company provides Operations and Maintenance (O&M) services for EPC projects.
Premier Energies Consolidated Financial Performance
Particulars
June 30, 2024
31 March, 2024
31 March, 2023
31 March 2022
Sales/Revenue
1,668.79
3,171.31
1,463.21
767.03
Total Expenses
1,423.72
2,883.26
1,472.19
783.90
Net Profit
198.16
231.36
–13.34
–14.41
Cash & Cash Equivalents
215.95
257.00
64.57
80.10
Total Assets
3,735.5
3,554.13
2,110.69
1,341.49
Reserves and Surplus
255.73
455.76
224.40
209.20
Total Borrowing
1,200.16
1,392.24
763.54
453.30
Net Worth
26.96
36.49
–0.24
-0.51
Basic EPS in Rupees
5.93
6.93
–0.38
–0.44
Net asset value ( NAV ) in Rupees
₹19.36
₹14.63
₹9.05
₹9.32
All Value In INR ( Crores )
Premier Energies Fundamental Key Details
Particulars
31 March, 2024
31 March, 2023
31 March 2022
ROE%
43.73%
–3.18
–4.66
ROCE%
25.65%
5.94%
3.63%
Debt to Equity Ratio ( In Times)
2.18
1.86
1.15
PAT Margin%
7.30%
-0.91
-1.88
EBITDA Margin%
15.93%
7.71%
7.01%
RONW%
37.46%
-3.35%
-3.65%
ROI%
0.26%
3.06%
0.67%
Inventory Turnover Ratio
2.85
2.76
4.20
Premier Energies Limited Competitors Name
Waaree Energies
Mundra Solar
Jupiter Solar
Vikram Solar
Goldi Solar
RenewSys India
Websol Green Energy
Premier Energies Limited Board of Directors & Promoters
Surender Pal Singh Saluja and Chiranjeev Singh Saluja are promoters of Premier Energies Limited.
Name
Designation
Surender Pal Singh Saluja
Chairman and Whole-Time Director
Chiranjeev Singh Saluja
Managing Director
Revathi Rohini Buragadda
Executive Director
Abhishek Loonker
Non-Executive Director
Uday Sudhir Pilani
Independent Director
Raghunathan Kannan
Independent Director
Jasbir Singh Gujral
Independent Director
Priyanka Gulati
Independent Director
Promoter Share Holding Pre-Issue vs Post-Issue
Pre-Issue
72.22%
Post-Issue
66.03%
Premier Energies IPO Object of the Issue
The company Investment in its own Subsidiary Premier Energies Global Environment Pvt. Ltd for the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India.
General corporate purposes.
Check IPO Allotment Status From Issue Registrar
Registrar
KFin Technologies Limited
Address:
Selenium, Tower-B, Plot No. 31 and 32 Financial District Nanakramguda, Serilingampally Hyderabad 500 032 Telangana, India
