The Integrated solar cell and solar panel manufactures company Premier Energies IPO will be hit the market August 27, 2024, and closes on August 29, 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹2830.40 crore through IPO. The company will issue fresh shares of ₹1291.40 crores through this IPO and will issue shares through offer for sale of ₹1539.00 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Premier Energies is an integrated solar cell and solar module manufacturing company. The company manufactures solar modules using different module technologies such as monocrystalline PERC and TOPCon, cell sizes and quantity, power output ranges, and formats such as monofascial and bifacial. The company also manufactures custom-made modules for specific applications. You can check Premier Energies IPO GMP here.
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The company has five manufacturing facilities, all situated on land that we own, in Hyderabad, Telangana, India. The company’s manufacturing facilities have an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules. The company has taken steps such as ordering the necessary equipment and machines to increase our annual installed capacity for solar cells by commissioning a 1,000 MW TOPCon solar cell line in Unit II.
The company customers across our business offerings include several IPPs, OEMs, and off-grid operators such as 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”).
The company has exported its products to the 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 the Philippines. You can check Premier Energies IPO subscription status here.
Object Of the Issue :
- 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 (the “Project”).
- General corporate purposes
Company Strengths :
- The company is an integrated solar cell and solar module manufacturer.
- Long track record in the solar module manufacturing sector.
- The company is experienced in solar cell line production.
- The company has a diversified customer base with customer relationships both within India and overseas with a robust order book.
- Experienced Promoter-led senior management team.
Premier Energies IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹198.16 Cr ₹450 /EQ 6.93 64.93x 43.73 % 37.46 % 25.65 % 1.86 ₹14.63 ₹3735.50 Cr ₹20284.33 Cr 72.22 % 66.03 % |
| Team Review : | ✔ Apply For Long Term |
👉 Premier Energies IPO Show Review ….👈
- ■ The company has grown to become India’s second largest integrated solar cell and solar module manufacturer in india.
- ■ The company top line & bottom line posted strong growth.
- ■ The PE ratio of the company is slightly high.
- ■ The company Issue price is slightly aggressive based on the PE Ratio but the company growth line is clear.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
Premier Energies IPO Date & Price Band & Details :
| IPO Open : | August 27, 2024 |
| IPO Close : | August 29, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹1 Equity Share |
| Price Band : | ₹427 – ₹450 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹2830.40 Cr {62,897,777 Shares} |
| Fresh Issue : | ₹1291.40 Cr {28,697,777 Shares} |
| Offer For Sale : | ₹1539.00 Cr {34,200,000 Shares} |
| EMP Discount : | ₹22 per share |
| Reserved Quota : | [QIB: 50%] [NII: 15%] [RII: 35%] |
Premier Energies IPO Market Lot :
Premier Energies IPO Minimum Market lot is 1 Lot with 33 shares with ₹14,850 Application amount. The retail investors can apply up to 13 lots with 429 Shares or ₹193,050 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 33 | ₹14,850 |
| Retail Maximum : | 13 | 429 | ₹193,050 |
| S-HNI Minimum : | 14 | 462 | ₹207,900 |
| S-HNI Maximum : | 67 | 2211 | ₹994,950 |
| B- HNI Minimum : | 68 | 2244 | ₹1,009,800 |
Premier Energies IPO EPS & RoNW :
| Year | EPS (₹) | RoNW % | NAV (₹) |
| 2024 June | 5.93 | 24.25 | 19.36 |
| 2024 | 6.93 | 37.46 | 14.63 |
| 2023 | -0.38 | -3.35 | 9.05 |
| 2022 | -0.44 | -3.65 | 9.32 |
Premier Energies IPO Peer Comparison PE :
| Company | PE | EPS | RONW | NAV |
|---|---|---|---|---|
| Websol Energy System | N/A | -29.99 | N/A | N/A |
Premier Energies IPO Dates :
| Open Date : | August 27, 2024 |
| Close Date : | August 29, 2024 |
| Allotment Date : | August 30, 2024 |
| Refund Date : | September 02, 2024 |
| Share Credit Date : | September 02, 2024 |
| Listing Date : | September 03, 2024 |
Premier Energies IPO Form :
There are two ways to apply in Premier Energies IPO. You can apply for Premier Energies IPO through ASBA available in your bank account. You have to go to your online bank login select Premier Energies IPO in the Invest section and apply through your bank account. Another option is you apply for Premier Energies IPO through an IPO form download through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Premier Energies Company Financial Report (Crore) :
| Year | Revenue (₹) | Expense (₹) | PAT (₹) |
| 2024 June | 1668.79 | 1423.72 | 198.16 |
| 2024 | 3171.31 | 2883.26 | 231.36 |
| 2023 | 1463.21 | 1472.19 | -13.34 |
| 2022 | 767.03 | 783.90 | -14.41 |
Company Promoters :
■ Surender Pal Singh Saluja
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Premier Energies IPO Lead Managers :
■ Kotak Mahindra Capital Company Limited
■ J.P. Morgan India Private Limited
■ ICICI Securities Limited
Premier Energies IPO Registrar :
KFin Technologies Limited
Selenium, Tower B, Plot No. 31 and 32
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Investor grievance ID: [email protected]
Website: www.kfintech.com
Note: Check Premier Energies IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
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
Tel: +91 90 3099 4222
E-mail: [email protected]
Website: www.premierenergies.com
Premier Energies IPO FAQs :
What is Premier Energies IPO?
Premier Energies IPO is a Mainboard IPO. They are going to raise ₹2830.40 Crores via IPO. The issue is priced at ₹427-₹450 per equity share. The IPO is to be listed on NSE, and BSE.
When Premier Energies IPO will open?
The IPO is to open on August 27, to August 29, 2024 for QIB, NII & RII.
What is Premier Energies IPO Size?
Premier Energies IPO size is ₹2830.40 Crores.
What is the Fresh issue size of Premier Energies IPO?
The Fresh Issue Size of Premier Energies IPO ₹1291.40 Cr.
What is the Offer For Sale size of Premier Energies IPO?
The Offer For Sale size of Premier Energies IPO ₹1539.00 Cr.
What is the Premier Energies IPO Minimum and Maximum Lot Size?
The minimum 33 Shares is ₹14,850 amount while the maximum 429 shares is ₹193,050.
What is the Premier Energies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is the Premier Energies IPO Allotment Date?
Premier Energies IPO allotment date is August 30, 2024.
What is the Premier Energies IPO Listing Date?
Premier Energies IPO listing date is September 03, 2024. The IPO is to be listed on NSE, and BSE.
How to Apply the Premier Energies IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Premier Energies IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Premier Energies IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Premier Energies IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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