Premier Energies
Mainboard₹14,850 / 33 Shares
Premier Energies IPO Details
The Premier Energies IPO price band is set between ₹427-450 per equity share, with a face value of ₹1 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 27 Aug, 2024 and closes on 29 Aug, 2024. Investors can check the allotment status on 30 Aug, 2024, while the listing date is tentatively scheduled for 3 Sep, 2024.
The total issue size is Total ₹2,830.40 Cr :#Fresh Issue : 28,697,777 shares, aggregating up to ₹1,291.40 Cr. Stay tuned for the latest Premier Energies IPO review and GMP updates.
Premier Energies IPO Review, Rating & Analysis
Premier Energies IPO Review
NO REVIEWPremier Energies IPO Rating
Premier Energies IPO Highlights
IPO Date
Aug 27, 2024 - Aug 29, 2024
Listing Date
3 Sep, 2024
Face Value
₹1 Per Equity Share
Price Band
₹427-450 per equity share
Lot Size
33 Shares
Fresh Issue
28,697,777 Shares
Offer for Sale
34,200,000 shares of ₹1
Listing At
BSE, NSE
Premier Energies IPO Lot Size
The minimum market lot for Premier Energies IPO is 33 shares with an application amount of ₹14,850. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,850 |
| Retail (Max) | 13 | 429 | ₹1,93,050 |
| S-HNI (Min) | 14 | 462 | ₹2,07,900 |
| S-HNI (Max) | 67 | 2211 | ₹9,94,950 |
| B-HNI (Min) | 68 | 2244 | ₹10,09,800 |
Premier Energies IPO Timeline
Issue Price
₹427-450 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Kotak Mahindra Capital Company LimitedJ.P. Morgan India Private LimitedICICI Securities LimitedIssue Size
Total ₹2,830.40 Cr :#Fresh Issue : 28,697,777 shares(aggregating up to ₹1,291.40 Cr) +
#OFS : 34,200,000 shares of ₹1(aggregating up to ₹1,539.00 Cr)
Premier Energies IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jun 24 | 3735.5 | 1668.79 | 198.16 | 26.96 | 255.73 | 1200.16 |
| 31 Mar 24 | 3554.13 | 3171.31 | 231.36 | 36.49 | 455.76 | 1392.24 |
| 31 Mar 22 | 2110.69 | 1463.21 | -13.34 | -0.24 | 224.40 | 763.54 |
All values are in ₹ Cr.
Premier Energies IPO Valuations
EPS Pre IPO
₹5.48/-EPS Post IPO
₹17.58/-PE Pre IPO
82.09PE Post IPO
25.59ROE
43.73%ROCE
25.65%Debt Equity
1.86RoNW
37.46%PAT Margin
7.30Price to Book Value
30.76Promoters & Share Holding
Promoter(s) Name
- Surender Pal Singh Saluja
- Chiranjeev Singh Saluja
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 72.22% | 66.03% |
About Company
Premier Energies Limited, Inc., was established in April 1995 and is an integrated manufacturer of solar cell and solar panel. Cell, Solar Module, Monofacial modulesBifacial modules, EPC Solutions and O&M Solutions form the company's product portfolio.The company has five manufacturing units. All of them are based in Hyderabad, Telangana, India.
The clients of the company are 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 shipped its products United States, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia, Canada, Sri Lanka, Germany, Hungary, United Arab Emirates, Uganda, Turkey, South Korea, China, Taiwan and Philippines.
The number of employees, as of June 2024, is 1,447 and the contract laborers count is 3,278.
Premier Energies IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 12,535,111 | 9,401,333 6,267,555 3,133,778 | 21,936,444 | 43,872,888 |
Day 1 -27-08-24 05:00 PM | 0.04 x | 5.38 5.72 x 4.70 x | 1.81 x | 2.10 x |
Day 2 -28-08-24 05:00 PM | 1.40 x | 18.83 20.13 x 16.22 x | 4.21 x | 6.61 x |
Day 3 -29-08-24 05:00 PM | 216.67 x | 49.56 56.61 x 35.47 x | 7.04 x | 73.94 x |
Retail:5.06x
BHNI:10.88x
SHNI:34.44x times
Company Contact Details
Premier Energies
Plot No. 8/B/1 and 8/B/2, E- City, Maheshwaram Mandal, Raviryala Village, K.V. Rangareddy-501359Phone: + 91 90 3099 422
Email: investors@premierenergies.com
Website: https://www.premierenergies.com/
Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pel.ipo@kfintech.com
Frequently Asked Questions about Premier Energies IPO
When will Premier Energies IPO open for subscription?
The Premier Energies IPO opens on 27 Aug, 2024 and closes on 29 Aug, 2024.
What is the investors portion for Premier Energies IPO?
The investors' portion for QIB is 216.67 x, NII is 56.61 x, and Retail is 7.04 x.
How to apply for Premier Energies IPO?
You can apply for Premier Energies IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Premier Energies IPO?
The issue size of Premier Energies IPO is approx ₹Total ₹2,830.40 Cr :#Fresh Issue : 28,697,777 shares(aggregating up to ₹1,291.40 Cr) +#OFS : 34,200,000 shares of ₹1(aggregating up to ₹1,539.00 Cr) crores.
What is the price band of Premier Energies IPO?
The price band for Premier Energies IPO is ₹427 to ₹450 per equity share.
What is the lot size of Premier Energies IPO?
The minimum bid (lot size) for Premier Energies IPO is N/A shares with an investment of approx ₹14,850 .
What is the allotment date of Premier Energies IPO?
The allotment date for Premier Energies IPO is 30 Aug, 2024.
What is the listing date of Premier Energies IPO?
The listing date for Premier Energies IPO is expected to be 3 Sep, 2024.
What is the GMP of Premier Energies IPO?
The latest Grey Market Premium (GMP) for Premier Energies IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.