Premier Energies IPO Details
The Premier Energies IPO is a book build issue with a total issue size of ₹2830.4 cr, comprising of fresh issue of 28697777 equity shares., and a offer for sale of 34200000 equity shares. Premier Energies IPO opened for subscription on Aug 27, 2024 and closed on Aug 29, 2024. Premier Energies IPO is set price band at ₹427 to ₹450 per share, with a lot size of 33 shares. Minimum investment for Retail investors was ₹14,850.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 30, 2024, and listed on both the NSE and BSE on Sep 03, 2024.
Kfin Technologies Limited has been appointed as the registrar. J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited and ICICI Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Premier Energies IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 427 – 450
- Lot Size
- 33
- Issue Size
- ₹2830.4 Cr
- Minimum Investment
- ₹14850 (33 Shares)
- Listing Date
- 03 September 2024
Current GMP
₹487 (+108.22%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- J.P. Morgan India Private Limited
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
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 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.
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 per share.
Premier Energies IPO lot size is 33 shares, Retail investors need a minimum investment of ₹14850 based on the upper price band
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.
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.
Premier Energies IPO issue size is ₹2830.4 crores.
Premier Energies IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.