Premier Energies IPO (Premier Energies Limited IPO)
Premier Energies IPO open for bidding on 27th August 2024 and ends on 29th August 2024.
Premier Energies Limited is a leading integrated solar cell and solar module manufacturer with nearly 29 years of experience in the solar industry. The company specializes in the production of bifacial monocrystalline PERC cells using the M10 wafer size in a 182mm x 182mm format, which can be assembled into advanced solar modules.
In addition to manufacturing, Premier Energies offers a range of solar modules featuring technologies like monocrystalline PERC and TOPCon. These modules vary in cell sizes, power output ranges, and formats, including monofacial and bifacial designs. The company also provides custom-made modules tailored to specific customer applications, ensuring flexibility and precision in meeting diverse energy needs.
Beyond product manufacturing, Premier Energies engages in the execution of EPC projects, offering comprehensive solar services for ground-mounted, rooftop, floating, canal bank, and hybrid power generation systems. The company also delivers operation and maintenance (O&M) services for these projects, ensuring the efficiency and longevity of the solar power systems they implement.
For more details refer to Premier Energies IPO RHP and Premier Energies IPO Pulse Score
Premier Energies IPO Details
| IPO Date | 27th August 2024 to 29th August 2024 |
| Listing Date | 3rd September 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹427 to ₹450 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 6,34,43,491 shares (aggregating up to ₹2,830.40 Cr) |
| Fresh Issue | 2,92,43,491 shares (aggregating up to ₹1,291.40 Cr) |
| Offer for Sale | 3,42,00,000 shares of ₹1 (aggregating up to ₹1,539.00 Cr) |
| Employee Discount | ₹22 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 1,88,02,666(29.6%) |
| QIB | 1,22,89,227(19.4%) |
| NII | 96,31,406(15.2%) |
| bNII | 64,20,937(10.1%) |
| sNII | 32,10,469(5.1%) |
| Retail | 2,24,73,279(35.4%) |
| Employees | 2,46,913(0.4%) |
| Total | 6,34,43,491(100%) |
Premier Energies IPO Timeline
| IPO Open | 27th August 2024 |
| IPO Close | 29th August 2024 |
| Basis Of Allotment | 30th August 2024 |
| Initiation of Refunds | 2nd September 2024 |
| Credit of Shares to Demat | 2nd September 2024 |
| Listing Date | 3rd September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹20,284.33 Cr | P/E Ratio- Pre IPO | 82.09 |
| RoNW | 37.46% | P/E Ratio- Post IPO | 25.59 |
| RoCE | 25.65% | P/B Ratio | 30.76 |
| Debt to Equity | 2.18 | PAT Margin% | 7.30% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earning of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earning of June 2024.
Premier Energies IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Investment in the 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”); and
- General corporate purposes.
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