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Premier Energies Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹450
Per Share
GMP
NIL
Grey Market
Est. Listing
₹450
Expected Price
Min. Application
₹29,700
2 lots × 33 shares
IPO Issue Details
Issue Price / Price Band₹450 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size33 Shares per Lot
Total Issue Size6,29,09,200 shares (aggregating up to ₹2,830.40 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 27 Aug 2024
Subscription CloseThu, 29 Aug 2024
Anchor AllotmentMon, 26 Aug 2024
Basis of AllotmentFri, 30 Aug 2024
Initiation of RefundsMon, 02 Sep 2024
Credit of Shares to DematMon, 02 Sep 2024
Listing DateTue, 03 Sep 2024
UPI Mandate Deadline2024-08-29
Application & Investment Details
Retail — Min (1 Lots)₹14,850 — 33 shares
Retail — Max (13 Lots)₹193,050 (13 Lots)
HNI — Min (14 Lots)₹2,07,900 — 462 shares
EPS (Pre-IPO)₹5.48
EPS (Post-IPO)₹17.58
P/E Ratio (Pre-IPO)82.09x
P/E Ratio (Post-IPO)25.59x
Pre-IPO Promoter Holding42,20,65,168 shares
Post-IPO Promoter Holding45,07,62,945 shares
Fresh Issue Shares2,87,09,200 shares (aggregating up to ₹1,291.68 Cr)
Offer for Sale Shares3,42,00,000 shares of ₹1 (aggregating up to ₹1,538.72 Cr)
About Premier Energies Ltd.

Incorporated in April 1995, Premier Energies Limited manufactures integrated solar cell and solar panel. The company's product portfolio includes Cell, Solar Module, Monofacial modulesBifacial modules, EPC Solutions and O&M Solutions.The company has five manufacturing units, all of which are situated in Hyderabad, Telangana, India.The clientele of the company includes NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited (“Panasonic”), Continuum, Shakti Pumps, First Energy, Bluepine Energies Private Limited, Luminous, Hartek Solar Private Limited (“Hartek”), Green Infra Wind Energy Limited (a subsidiary of Sembcorp Green Infra Limited), Madhav Infra Projects Limited (“Madhav”), SolarSquare Energy Private Limited (“SolarSquare”) and Axitec Energy India Private Limited (“Axitec”).As of July 31, 2024, the company had an order book of ?59,265.65 million. This total included ?16,091.14 million for non-DCR solar modules, ?22,140.60 million for DCR solar modules, ?18,911.18 million for solar cells, and ?2,122.72 million for EPC projects.The company has exported its products United States, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia, Canada, Sri Lanka, Germany, Hungary, the United Arab Emirates, Uganda, Turkey, South Korea, China, Taiwan and Philippines.As of June 2024, the company had 1,447 employees and 3,278 Contract laborers.

Objects of the Issue

Premier Energies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Investment in the Subsidiary, Premier Energies Global Environment Private Limited for part-financing 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”); and
2
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 42,20,65,168 shares
Post-IPO Promoter Holding 45,07,62,945 shares
Lock-in Period (30%)September 28, 2024
Lock-in Period (50%)November 27, 2024
Check AllotmentCheck Status →
Premier Energies Ltd. — Live Price LIVE
₹450.00
INR · BSE
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Issue ₹450.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹450
GMPNIL
Est. Listing₹450
Lot Size33 shares
Min Amount₹29,700
Listing Date03 Sep 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹450
Listing Date03 Sep 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 62,909,200 100.00% ₹2,830.91 Cr
* Based on ₹450.00 (upper price band)
Lot Size & Investment Details
Lot Size
33
Shares
Issue Price
₹450.00
Per Share
Min Investment
₹14,850
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 33 ₹14,850
Retail (Max) 13 429 ₹193,050
sNII (Min) 14 462 ₹207,900
bNII (Min) 68 2,244 ₹1,009,800
Company Financials — Restated Consolidated (Amount in Crore)
Particulars30 Jun 202431 Mar 202431 Mar 2023
Revenue from Operations 1668.79 3171.31 1463.21
EBITDA N/A N/A N/A
Profit After Tax (PAT) 198.16 231.36 -13.34
Net Worth 26.96 36.49 -0.24
Total Assets 3735.50 3554.13 2110.69
Reserves & Surplus 255.73 455.76 224.40
Total Borrowings 1200.16 1392.24 763.54
Key Ratios & Valuation
Issue Price ₹450
Face Value ₹1 Per Share
P/BV 30.76
RoE 43.73%
RoCE 25.65%
RoNW 37.46%
PAT Margin (%) 7.30%
EBITDA Margin (%) N/A
Debt / Equity 1.86
Company Details
Company
Premier Energies Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹1 Per Share
Script Code
N/A
Address
Plot No. 8/B/1 and 8/B/2, E- City Maheshwaram Mandal, Raviryala Village Rangareddi, Telangana, 501359
Book Running Lead Managers
Kotak Mahindra Capital Co.Ltd.
Book Running Lead Manager (BRLM)
JP Morgan India Pvt.Ltd.
Book Running Lead Manager (BRLM)
ICICI Securities Ltd.
Book Running Lead Manager (BRLM)