Premier Energies Ltd
Price Range
₹427 - ₹450
Min. Quantity
33
Closes on
29 August 2024
Min. investment
₹14,850/429 Shares
Premier Energies Ltd IPO Timeline
Premier Energies Ltd was originally incorporated as a Private Limited Company with the name 'Premier Solar Systems Private Limited' at Hyderabad, India, dated April 3, 1995, issued by the Registrar of Companies, Andhra Pradesh. The name of Company got changed to 'Premier Energies Private Limited' through a fresh Certificate dated August 6, 2019 issued by the RoC. Upon its conversion into a Public Limited Company, the Company name was changed to 'Premier Energies Limited' and a fresh Certificate of Incorporation dated September 25, 2019 was issued by the RoC.
| Event | Date |
|---|---|
| Premier Energies Ltd IPO Opening Date | 27 August 2024 |
| Premier Energies Ltd IPO Closing Date | 29 August 2024 |
| Basis of Allotment | 30 August 2024 |
| Initiation of Refunds | 2 September 2024 |
| Credit of Shares to Demat | 2 September 2024 |
| Premier Energies Ltd IPO Listing Date | 3 September 2024 |
Premier Energies Ltd IPO Details
| Premier Energies Ltd IPO Date | 27 August 2024 to 29 August 2024 |
| Premier Energies Ltd IPO Face Value | ₹1 per share |
| Premier Energies Ltd IPO Price | ₹427 to ₹450 per share |
| Premier Energies Ltd IPO Lot Size | 33 |
| Issue Size | Shares of ₹1 (aggregating up to ₹2,830.4 Cr) |
| Fresh Issue | Shares of ₹1 (aggregating up to ₹1291.4 Cr) |
| Offer for Sale | Shares of ₹1 (aggregating up to ₹1,539 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,22,89,227 of the Net Offer |
| Retail Shares Offered | Not less than 2,24,73,279 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 96,31,406 of the Net Offer |
| Company Promoters | Surender Pal Singh Saluja, Chiranjeev Singh Saluja, Vivana Saluja |
Premier Energies Ltd IPO Lot Size
The Premier Energies Ltd IPO lot size is 33 shares. A retail-individual investor can apply for up to 13 lots (429 shares or ₹1,93,050).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 33 | ₹14,850 |
| Maximum | 13 | 429 | ₹1,93,050 |
- Strengths
- Risks
- Opportunities
- The Company is an integrated solar cell and solar module manufacturer.
- The Company has a 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.
- The Company has an experienced Promoter-led senior management team.
Company Financials
Premier Energies Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 840.56 | 1,074.79 | 7.01 |
| 03-2023 | 779.3 | 754.43 | 13.83 |
| 03-2022 | 778.31 | 781.83 | 17.62 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in PEGEPL for part financing the establishment of the project
- General corporate purposes
Premier Energies Ltd IPO Promoter Holding
| Pre Issue Share Holding | 3.72% |
| Post Issue Share Holding | 3.48% |
Premier Energies Ltd IPO Subscription Status (Bidding Detail)
The Premier Energies Ltd IPO is subscribed 74.38 times on 29 August 2024 05:00:00 PM. The public issue subscribed 7.69 times in the retail category, 216.67 times in the QIB category, and 50.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 216.67 | 50.04 | 7.69 | 11.43 | 74.38 |
Premier Energies Ltd IPO Prospectus
Premier Energies Ltd IPO Listing Date
| Listing Date | 3 September 2024 |
| BSE Script | 544238 |
| NSE Symbol | PREMIERENE |
| Listing In | BSE, NSE |
| ISIN | INE0BS701011 |
| IPO Price | ₹450 |
| Face Value | ₹1 |
Company Contact Information
Plot # 8/B/1 & 8/B/2 E CityMaheshwaram(M) Raviryala(V)K.V,Rangareddy-501359
Phone: +91 90 3099 4222
Email: investors@premierenergies.com
Website: www.premierenergies.com
Premier Energies Ltd IPO Registrar
Premier Energies Ltd IPO Lead Manager(s)
- Kotak Mahindra Capital Company Ltd
- J.P.Morgan India Pvt Ltd
- ICICI Securities Ltd
FAQ
What is the issue size of Premier Energies Ltd IPO?
I have pre-applied for Premier Energies Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.