IPO

Premier Energies Ltd. IPO

Premier Energies Ltd., established in 1995, operates in the Electric Equipment - General sector. The company's IPO opened on August 27, 2024 and closed on August 29, 2024, with an issue price of ₹450. ... Read more

Min Investment
₹ 14,850 / 33 shares
Price Range
₹427 - ₹ 450
Bidding Dates
27 Aug '24 - 29 Aug '24
Total Issue Value
2,830.40 Cr
Lot Size
33
Total Issue Size
2,830.40 Cr
Listing At
BSE, NSE
Subscription
53.10 times
BSE Price
1352.55 (200.57%)
NSE Price
1353.10 (200.69%)

IPO Timeline

  • 27 Aug 2024
    Bidding Starts
  • 29 Aug 2024
    Bidding Ends
  • 30 Aug 2024
    Allotment Finalization
  • 3 Sep 2024
    Listing

About Premier Energies Ltd.

We are an integrated solar cell and module manufacturer with an annual installed capacity of 2 Gigawatts (“GW”) for cells and 4.13 GW for modules as of June 30, 2024. In addition, to manufacturing solar cells and modules, we provide engineering, procurement and construction ... Read more

Parent organisation
Founded
Premier Energies Ltd.
1995

Premier Energies Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 1,88,02,667 (29.89%)
Employee Reserved 2,22,222 (0.35%)
Non Institutional Investors 94,01,333 (14.95%)
Qualified Institutional Buyers (QIBs) 1,25,35,111 (19.93%)
Retail Individual Investors (RIIs) 2,19,36,444 (34.88%)

Premier Energies Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 1,074.79 Cr 7.01 Cr 270.07 Cr
31 Mar 2023 754.43 Cr 13.83 Cr 258.59 Cr
31 Mar 2022 781.83 Cr 17.62 Cr 243.05 Cr

Premier Energies Ltd. Background

Major Events And Milestones
  • 2011
    • Established a solar cell line with an annual capacity of 75 MW and a solar module line with an annual capacity of 100 MW in Unit I.
  • 2017
    • Expanded the installed capacity of the solar module line in Unit I by 370 MW
  • 2021
    • Established a fully integrated 500 MW capacity solar cell line and a 750 MW capacity solar module line in Unit II
  • 2022
    • Expanded the installed capacity of the solar cell and module lines in Unit II by 250 MW and 150 MW, respectively
  • 2023
    • Established a solar cell line in Unit III with an annual capacity of 1,250 MW
    • Established a solar module line in Unit IV with an annual capacity of 1,600 MW
    • Expanded the installed capacity of the solar module line in Unit II by 500 MW
  • 2024
    • Established a solar module line in Unit V with an annual capacity of 100 MW
    • Expanded the installed capacity of the solar module line at Unit V by 1,034 MW
Premier Energies Ltd. Object of Issues

1. Investment in our 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
2. General corporate purposes

Premier Energies Ltd. IPO Listing Details
Listing Date
3 Sep 2024
BSE Script Code
PREMIERENE
NSE Symbol
PREMIERENE
ISIN
INE0BS701011
Final Issue Price
₹ 450
Premier Energies Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 450.00 ₹ 450.00
Open ₹ 991.00 ₹ 990.00
Low ₹ 801.60 ₹ 802.10
High ₹ 993.45 ₹ 994.55
Last Trade ₹ 839.65 ₹ 839.90
Premier Energies Ltd. Company Promoters

1. Surender Pal Singh Saluja
2. Chiranjeev Singh Saluja

Industry Overview

We operate in the solar manufacturing industry in India which is on an accelerated growth trajectory owing to supply side measures such as the domestic content requirement, basic customs duty and approved list of models and manufacturers. India’s module manufacturing capacity reached ... Read more

Premier Energies Ltd. Contact Details
Address: Plot No. 8/B/1 and 8/B/2, E- City, Maheshwaram Mandal, Raviryala Village, Ranga Reddy District Telangana - 501359
Phone no:30994222
30994222
|
Premier Energies Ltd. IPO Registrar
KFin Technologies Ltd.
Karvy Selenium, Tower B, Plot No. 31 & 31, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, Ranga Reddy District Telangana - 500032
67162222
Premier Energies Ltd. IPO Lead Manager(s)
JP Morgan India Private Limited.
J. P. Morgan Tower, Off CST Road, Kalina, Santa Cruz (East) Mumbai Maharashtra - 400098
61573000

FAQs

When does Premier Energies Ltd. IPO opens and closes?

Premier Energies Ltd. IPO opens from 27th August to 29th August 2024.

What is the size of Premier Energies Ltd. IPO?

The size of the Premier Energies Ltd. IPO is ₹2,830.40 Cr.

What is the price range of Premier Energies Ltd. IPO?

The price range of Premier Energies Ltd. IPO is at ₹427 to ₹450 per share.

What is the minimum investment and lot size required for the Premier Energies Ltd. IPO?

The minimum investment required is ₹14,850 and minimum lot size is 33 shares.

When is Premier Energies Ltd. IPO listing date?

The Premier Energies Ltd. IPO will be listed on 3rd September 2024.

What is the objective of Premier Energies Ltd. IPO?

1. Investment in our 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
2. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+