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Premier Energies IPO

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NSE,BSE 27 August - 29 August 2024
Premier Energies Limited IPO is a book build issue of 2830.4 Cr. The issue is a combination of fresh issue of 28697777 shares aggregating to 1291.4 Cr and offer for sale of 34200000 shares aggregating to 1539 Cr. Premier Energies Limited IPO opened for subscription on Aug 27, 2024 and closed on Aug 29, 2024. The allotment for the this IPO was finalized on Aug 30, 2024. IPO was listed on NSE and BSE on Sep 03, 2024. Premier Energies Limited IPO is set issue price band at ₹427 to ₹450 per share.

Current GMP

₹487 (+108.22%)

Price Band

₹ 427 – 450

Lot Size

33

Issue Size

₹2830.4 Cr

Minimum Investment

₹14850 (33 Shares)

Listing Date

03 September 2024

Subscription

74.38x

About the Company

 Incorporated in April 1995, Premier Energies Limited is making significant progress in India's solar energy landscape. With an impressive track record as the country's second-largest integrated solar cell and module manufacturer, the business is clearly committed to sustainability and innovation.

Premier Energies is positioned as a major participant in the market with an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules combined. Their all-inclusive strategy covers the whole value chain of solar power, including solar facility operation and maintenance in addition to engineering, procurement, and construction (EPC) solutions.

Premier Energies is planning to enhance its production capabilities by means of strategic investments, as part of its expansion strategy. The business intends to take advantage of the ambitious government objectives that are supporting the rising demand for sustainable energy in India by constructing additional lines of solar cells and modules.

Premier Energies is dedicated to sustainability even outside of their business. Their commitment to minimising their carbon footprint and promoting a more environmentally friendly future is seen by their active participation in environmental, social, and governance (ESG) projects.

Promoters

  1. Surender Pal Singh Saluja
  2. Chiranjeev Singh Saluja
Promoters Holding

Holding Pre Issue

72.22%

Holding Post Issue

66.03%

Objects of the Issue

The company plans to allocate the net proceeds from the issue for the following purposes: 

  • The company plans to allocate ₹11,687.38 million towards funding Premier Energies Global Environment Private Limited (PEGEPL) for establishing a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India.
  • A significant portion of the funds will be allocated for general corporate purposes, for expenses like maintenance, business development, employee-related costs, marketing, tax payments, and general contingencies.

Address / Contact Info

Premier Energies Limited
Plot No. 8/B/1 and 8/B/2, E- City
Maheshwaram Mandal, Raviryala Village
K.V. Rangareddy-501359
Phone: + 91 90 3099 422
Email: investors@premierenergies.com
Website: https://www.premierenergies.com

IPO Snapshot

Face Value₹1 per share
Price Band₹ 427 – 450
Lot Size33
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 1,291.40 Cr
Offer for Sale₹ 1,539.00 Cr
Total Issue Size₹ 2,830.40 Cr
Listing AtNSE,BSE
Employee Discount22
Industry
Sector
QIB Quota20%
BNII Quota10%
SNII Quota5%
Retail Quota35%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Premier Energies IPO is a Book-building IPO worth ₹2830.4 crores. The price band is ₹427 to 450 per share. The IPO opens on Tue, Aug 27, 2024 and closes on Thu, Aug 29, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The Premier Energies IPO opens on Tue, Aug 27, 2024 and closes on Thu, Aug 29, 2024

Premier Energies IPO Price Band is ₹427 to 450.

Premier Energies IPO lot size is 33, and the minimum amount required for application is ₹14850.

The minimum investment for Premier Energies IPO is approximately ₹14850 based on the upper price band.

To apply for the Premier Energies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Aug 29, 2024. After submission, funds are blocked until the basis of allotment of Premier Energies IPO is finalised.

Premier Energies IPO issue size is ₹2830.4 crores.

Premier Energies IPO allotment date is Sat, Jun 27, 2026.

The registrar for Premier Energies IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Premier Energies IPO through their official website or helpline.

The Premier Energies IPO GMP (Grey Market Premium) is ₹487 as of Tue, Sep 3, 2024. Based on the upper price band of ₹450 per share, the estimated Premier Energies IPO listing price is ₹937, indicating a potential listing gain of approximately 31% over the issue price.