Premier Energies IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 27 Aug 2024
Close Date
Thu, 29 Aug 2024
Price Band
₹ 427 – 450
Lot Size
33
Issue Size
₹ 2,830.40 Cr
Minimum Investment
₹ 14,850 (33 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Premier Energies IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹2,830.40 Crore, comprising a fresh issue of 2.87 Crore equity shares aggregating to ₹1,291.40 Crore and an offer for sale (OFS) of 3.42 Crore equity shares aggregating to ₹1,539.00 Crore by the existing shareholders.
The Premier Energies IPO remained open for subscription from August 27, 2024, to August 29, 2024. The basis of allotment was finalized on August 30, 2024, and the company's shares were listed on the NSE and BSE on September 03, 2024.
The company had fixed the price band at ₹427 to ₹450 per share, with a lot size of 33 shares. Retail investors were required to make a minimum investment of ₹14,850 (based on the upper price band) to apply for one lot.
The IPO also included a reservation for eligible employees, who received a discount of ₹22 per share.
KFin Technologies Limited served as the registrar to the issue. J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, and ICICI Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Premier Energies Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Premier Energies IPO Timeline (Tentative)
- IPO Open Date
- Tue, 27 Aug 24
- IPO Close Date
- Thu, 29 Aug 24
- Basis of Allotment
- Fri, 30 Aug 24
- Initiation of Refunds
- Mon, 02 Sep 24
- Credit of Shares to Demat
- Mon, 02 Sep 24
- Listing Date
- Tue, 03 Sep 24 — NSE & BSE
Open Date
27 August 2024
Close Date
29 August 2024
Basis Of Allotment
30 August 2024
Listing Date
03 September 2024
IPO Subscription
Check Live Subscription →The Premier Energies IPO has received bids for 3,32,02,62,297 shares against 4,46,40,825 shares offered, resulting in an overall subscription of 74.38x. the NII category is subscribed 50.04x, Retail Investors 7.69x, Employees 11.43x, and QIBs 216.67x. Within the NII category, BNII is subscribed 56.61x, while SNII is subscribed 36.9x.
QIB
216.67x
NII
50.04x
BNII
56.61x
SNII
36.9x
RII
7.69x
EMP
11.43x
Total
74.38x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 2,19,36,444 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,25,35,111 shares (20%), while Non-Institutional Investors (NIIs) receive 94,01,333 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 18,802,666 | 30% |
| Qualified Institutions | 12,535,111 | 20% |
| Non-Institutional | 9,401,333 | 15% |
| BNII | 6,267,555 | 10% |
| SNII | 3,133,778 | 5% |
| Retail Investors | 21,936,444 | 35% |
| Total | 62,675,554 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Jun 2024 | 21 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 3735.5 | 3554.13 | 2110.69 | 1341.49 |
| Revenue | 1668.79 | 3171.31 | 1463.21 | 3735.5 |
| Profit After Tax | 198.16 | 231.36 | -13.34 | -14.41 |
| Net Worth | 26.96 | 36.49 | -0.24 | -0.51 |
| Reserve & Surplus | 255.73 | 455.76 | 224.4 | 209.2 |
| Total Borrowings | 1200.16 | 1392.24 | 763.54 | 453.3 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Premier Energies Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 43.73 |
| ROCE % | 25.65 |
| Debt / Equity | 1.86 |
| RoNW % | 37.46 |
| Pat Margin % | 7.3 |
Peers Comparison
No Peer Comparision Available
About Premier Energies Limited
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.
Premier Energies IPO Promoters
- Surender Pal Singh Saluja
- Chiranjeev Singh Saluja
Promoters Holding
Holding Pre Issue
72.22%
Holding Post Issue
66.03%
Premier Energies IPO Objective
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.
Premier Energies Limited Address / Contact Details
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
Premier Energies IPO Lot Size
The Premier Energies IPO has a lot size of 33 shares. Retail investors require a minimum investment of ₹14,850 by applying for 1 lot (33 shares). The maximum application allowed for the retail category is 13 lots (429 shares), requiring an investment of ₹1,93,050.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 33 | 14,850.00 |
| Retail (Max) | 13 | 429 | 193,050.00 |
| S-HNI (Min) | 14 | 462 | 207,900.00 |
| S-HNI (Max) | 67 | 2,211 | 994,950.00 |
| B-HNI (Min) | 68 | 2,244 | 1,009,800.00 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Premier Energies IPO?
Premier Energies IPO is a Book-building IPO with a total issue size of ₹2830.4 crore. The Premier Energies IPO price band is ₹427 to 450 per share. The Premier Energies IPO subscription opens on Tue, Aug 27, 2024, and closes on Thu, Aug 29, 2024. The Premier Energies IPO will be listed on the NSE,BSE. KFin Technologies Limited is the registrar for the Premier Energies IPO.
When will the Premier Energies IPO open for subscription?
The Premier Energies IPO opens on Tue, Aug 27, 2024 and closes on Thu, Aug 29, 2024
What is Premier Energies IPO Price Band?
Premier Energies IPO Price Band is ₹427 to 450 per share.
What is Premier Energies IPO Lot Size?
Premier Energies IPO lot size is 33 shares, Retail investors need a minimum investment of ₹14850 based on the upper price band
What is the minimum investment for Premier Energies IPO?
The minimum investment for Premier Energies IPO is ₹14850, based on one lot of 33 shares at the upper price band of ₹450 per share.
How to apply for Premier Energies IPO?
Investors can apply for the Premier Energies IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 29, 2024. The application amount remains blocked until the Premier Energies IPO allotment is finalized.
What is Premier Energies IPO Issue Size?
Premier Energies IPO issue size is ₹2830.4 crores.
What is the Premier Energies IPO Allotment Date?
Premier Energies IPO allotment date is Fri, Aug 30, 2024.
Who is the Premier Energies IPO Registrar?
The registrar for Premier Energies IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Premier Energies IPO allotment status, refund processing, and other IPO-related information.
What is the Premier Energies IPO GMP?
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 108.22% over the issue price.
Who is the Premier Energies IPO Lead Manager?
The book-running lead managers (BRLMs) for the Premier Energies IPO are J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, and ICICI Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Premier Energies IPO Red Herring Prospectus (RHP).