Premier Energies IPO is scheduled to open on August 27, 2024, and will subsequently close on August 29, 2024. This book-built issue aims to raise approximately ₹2,830.40 crores. Specifically, it includes a fresh issue of ₹1,291.40 crores and also features an offer for sale of up to 34,200,000 equity shares, each with a face value of ₹1.
Table of contents
- Premier Energies IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Premier Energies IPO GMP (Grey Market Premium)
- Premier Energies IPO Application Form PDF
- Premier Energies IPO Subscription Status
- Premier Energies IPO Allotment Status
- IPO Review
- Premier Energies IPO Registrar
- Premier Energies Offer Lead Manager
- Premier Energies Limited Contact
- FAQs
Premier Energies IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Premier Energies Limited |
| Industry | production of integrated solar cell and solar panels |
| IPO Issue Type | Book Built Issue |
| Open Date | August 27, 2024 |
| Close Date | August 29, 2024 |
| Total Issue Size | ₹2830.40 Crores(62,897,777 Equity Shares) |
| Face Value | ₹1 Per Equity Share |
| Fresh Issue | ₹1,291.40 Crores(28,697,777 Equity Shares) |
| Price Band | ₹427 to ₹450 Per Share |
| Listing on | BSE & NSE |
| Lot Size | 33 shares |
| Employee Discount | ₹22 per share |
| Offer for Sale | ₹1,539.00 Crores(34,200,000 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
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.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | August 27, 2024 |
| IPO Close Date | August 29, 2024 |
| Basis of Allotment | August 30, 2024 |
| Refunds | September 2, 2024 |
| Credit to Demat Account | September 2, 2024 |
| IPO Listing Date | September 3, 2024 |
Financials (₹ in Crores)
| Period Ended | 30 Jun 2024 | 21 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹3,735.5 | ₹3,554.13 | ₹2,110.69 | ₹1,341.49 |
| Revenue | ₹1,668.79 | ₹3,171.31 | ₹1,463.21 | ₹3,735.5 |
| Profit After Tax | ₹198.16 | ₹231.36 | ₹-13.34 | ₹-14.41 |
| Net Worth | ₹26.96 | ₹36.49 | ₹-0.24 | ₹-0.51 |
| Reserves and Surplus | ₹255.73 | ₹455.76 | ₹224.4 | ₹209.2 |
| Total Borrowing | ₹1,200.16 | ₹1,392.24 | ₹763.54 | ₹453.3 |
Objective of the Issue
- The investment will focus on 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, through the subsidiary, Premier Energies Global Environment Private Limited.
- Additionally, the investment will cover general corporate purposes.
Company Promoters
- Surender Pal Singh Saluja
- Chiranjeev Singh Saluja.
Premier Energies IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Premier Energies IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Premier Energies Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Premier Energies IPO Application Form PDF
To download the Premier Energies IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Premier Energies IPO Subscription Status
This IPO subscription kicks off on August 27, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Premier Energies IPO Allotment Status
To check the Premier Energies IPO allotment status go to the IPO registrar website Link Intime India Pvt Ltd or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- With over two decades of experience in the solar energy sector, Premier Energies has established itself as a trusted name in the industry.
- The company offers a comprehensive range of solar products, including cells, modules, and EPC solutions, thereby catering to diverse customer needs.
- Additionally, Premier Energies enjoys the trust of major clients such as NTPC, TATA Power, Panasonic, and Luminous, which highlights its industry reliability.
- Furthermore, Premier Energies exports to over 20 countries, thereby strengthening its global footprint in the solar industry.
- As of July 2024, the company boasts a substantial order book worth ₹5,926.56 crores, reflecting strong future revenue visibility.
Risks:
- However, the company faces stiff competition from both domestic and international solar companies, which could pressure its margins.
- Additionally, a significant portion of revenue stems from a few key clients, leading to potential revenue concentration risk.
- The solar industry is also subject to changing government policies and incentives, which could impact business operations.
- Moreover, dependence on raw material availability and price fluctuations could affect profitability.
- Finally, global economic downturns or market instability may impact expansion plans and financial performance.
Premier Energies IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: pel.ipo@kfintech.com
Website: www.kfintech.com
Premier Energies Offer Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
1st Floor, 27 BKC, Plot No. C – 27 “G” Block, Bandra Kurla
Complex Bandra (East) Mumbai 400 051 Maharashtra, India
Phone: +91 22 4336 0000
Email: premierenergies.ipo@kotak.com
Website: www.investmentbank.kotak.com
Premier Energies Limited Contact
PREMIER ENERGIES LIMITED
8th Floor, Orbit Tower Hyderabad Knowledge City,
Raidurg (Panmaktha Village), Serilingampally Mandal,
Hyderabad – 500 019, Telangana
Phone: +91 90 3099 4222
Email: investors@premierenergies.com
Website: www.premierenergies.com
FAQs
The allocation for the Premier Energies IPO is as follows: 50% is reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors.
To apply for the Premier Energies public offer, the most convenient method is through Internet banking ASBA (learn more about ASBA here). Alternatively, you can apply online via your stock broker using UPI. If you prefer, you may also fill out a paper IPO form and submit it to your broker.
The Grey Market Premium (GMP) for the Premier Energies IPO today is INR 230 per share.
The kostak rate for the Premier Energies IPO today is INR NA per application.
Additionally, the Subject to Sauda rate for the Premier Energies IPO today is INR 4,900 per application.
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