Premier Energies IPO subscription status started on August 27, 2024, and will close on August 29, 2024. The company aims to raise approximately ₹2830.40 crore via this IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹427 to ₹450 per equity share.
The IPO consists of a minimum market lot of 33 Shares requiring an application amount of ₹14,850. Premier Energies is a Mainboard IPO, and it will be listed on BSE and NSE.
Table of contents
IPO Overview
Premier Energies boasts 29 years of experience in the solar industry. During this time, the company has grown to become India’s second-largest integrated solar cell and module manufacturer. As of March 31, 2024, it has achieved an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules.
The company’s business operations encompass several key areas. First, it manufactures solar photovoltaic (PV) cells and solar modules, including custom-made panels for specific applications. Additionally, Premier Energies executes EPC projects, engages in independent power production, and provides O&M services related to the EPC projects it has completed. Furthermore, it sells various solar-related products.
Additionally, Premier Energies operates five manufacturing facilities, all situated on land it owns in Hyderabad, Telangana, India. Collectively, these facilities boast an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules. Notably, in 2011, the company established a solar cell manufacturing line with a 75 MW capacity. By Fiscal 2021, Premier Energies emerged as one of the first companies in India to manufacture solar cells at scale. It introduced a solar cell line with an annual capacity of 500 MW and subsequently expanded this by an additional 250 MW in Fiscal 2022.
Moreover, the company operates a 2 MW solar power plant, commissioned in 2012 under the Jawaharlal Nehru National Solar Mission in Jharkhand, India.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Premier Energies IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.04 | 1.37 | 212.42 |
| NII | 5.53 | 19.35 | 50.98 |
| RII | 1.91 | 4.37 | 7.44 |
| Total | 2.16 | 6.72 | 75.00 |
Premier Energies IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Premier Energies
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Premier Energies IPO Form
To apply for the Premier Energies IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on August 27, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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