Premier Energies IPO Details: Premier Energies IPO date is not fixed, the IPO is to hit the market on 2024. and will close on 2024. Premier Energies IPO to raise around ₹1500 crores via IPO that comprises fresh issue of ₹1500 crores and offer for sale up to 28,200,000 equity shares of ₹[.] each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Premier Energies has 29 years of experience in the solar industry and during this time, they have grown to become India’s second largest integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW, respectively, as of March 31, 2024. In September 2021, they received an investment of ₹1,770 million from South Asia Growth Fund II Holdings LLC and South Asia EBT Trust, affiliates of a global private equity management fund focused on investing in climate solutions.
Their business operations include (i) the manufacturing of solar photovoltaic (“PV”) cells, (ii) the manufacturing of solar modules including custom-made panels for specific applications, (iii) the execution of EPC projects, (iv) independent power production, (v) O&M services concerning EPC projects executed by our Company and (vi) the sale of other solar-related products.
They have five manufacturing facilities, all of which are situated on land that they own, in Hyderabad, Telangana, India. Combined, our manufacturing facilities have an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules. They established a 75 MW capacity solar cell manufacturing line in 2011 before becoming one of the first companies in India to manufacture solar cells at scale through the introduction of a solar cell line with an annual installed capacity of 500 MW in Fiscal 2021 and 250 MW in Fiscal 2022. Our Company also operates a 2 MW solar power plant which was commissioned in 2012 under the Jawarharlal Nehru National Solar Mission in Jharkhand, India.
Objects of the Issue
- Investment in our Subsidiary, Premier Energies Global Environment Private Limited (“PEGEPL”) for partfinancing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India (the “Project”).
- General corporate purposes.
Premier Energies IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Premier Energies IPO Date & Price Band Details
IPO Open: | 2024 |
IPO Close: | 2024 |
IPO Size: | Approx ₹1500 Crores |
Fresh Issue: | Approx ₹1500 Crores |
Offer for Sale: | Approx 28,200,000 Equity Shares |
Face Value: | ₹1 Per Equity Share |
IPO Price Band: | ₹[.] to ₹[.] Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 35% |
QIB Quota: | 50% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Premier Energies IPO Market Lot
The Premier Energies IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | – | ₹- |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
Premier Energies IPO Allotment & Listing Dates
The Premier Energies IPO date is 2024 and the close date is 2024. The Premier Energies IPO allotment will be finalized on 2024 and the IPO listing on 2024.
Price Band Announcement: | 2024 |
Anchor Investors Allotment: | 2024 |
IPO Open Date: | 2024 |
IPO Close Date: | 2024 |
Basis of Allotment: | 2024 |
Refunds: | 2024 |
Credit to Demat Account: | 2024 |
IPO Listing Date: | 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Premier Energies IPO Form
How to apply for the Premier Energies IPO? You can apply for Premier Energies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Premier Energies IPO in the Invest section. The other option is you can apply for Premier Energies IPO via IPO forms downloaded via NSE and BSE. Check out the Premier Energies forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Premier Energies Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹736.23 | ₹681.07 | ₹25.81 |
2022 | ₹767.03 | ₹783.90 | ₹14.41 |
2023 | ₹1463.22 | ₹1472.19 | ₹13.34 |
Dec 2023 | ₹1463.21 | ₹1858.94 | ₹127.40 |
Premier Energies IPO Valuation – FY2023
Check Premier Energies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | –₹0.40 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | -3.35% |
Net Asset Value (NAV): | ₹9.05 per Equity Share |
Peer Group
- Websol Energy System Limited
Company Promoters
- Surender Pal Singh Saluja
- Chiranjeev Singh Saluja
Premier Energies IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: pel.ipo@kfintech.com
Website: https://ris.kfintech.com/
Premier Energies IPO Allotment Status Check
Check Premier Energies IPO allotment status on KFin Technologies website allotment URL. Click Here
Premier Energies IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- ICICI Securities Limited
Company Address
Premier Energies Limited
Plot No. 8/B/1 and 8/B/2,
E- City, Maheshwaram Mandal Raviryala Village,
K.V. Rangareddy 501 359,
Telangana, India
Phone: +91 90 3099 4222;
Email: investors@premierenergies.com;
Website: www.premierenergies.com
Premier Energies IPO FAQs
What is Premier Energies IPO?
Premier Energies IPO is a main-board IPO. They are going to raise ₹1500 Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.
When Premier Energies IPO will open?
The IPO is to open on 2024 for QIB, NII, and Retail Investors.
What is Premier Energies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Premier Energies IPO?
You can apply for Premier Energies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.