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Premier Energies Ltd.

Premier Energies Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹450
₹450
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹450
Based on GMP
Min. Investment
₹14,850
1 lot × 33 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
27 Aug 2024
Close Date
29 Aug 2024
Allotment
30 Aug 2024
Listing Date
03 Sep 2024
Exchange
NSE & BSE
Price Band
₹450
Listing Price
See chart
Allotment Status
Price Band
₹450
Per share
Face Value
₹1 per share
 
Lot Size
33 Shares
per lot
Issue Size
6,29,09,200 shares (aggregating up to ₹2,830.40 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,850
1 lot
Pre-IPO Holding
42,20,65,168 shares
Promoters
Post-IPO Holding
45,07,62,945 shares
Promoters
P/E (Pre)
82.09x
 
P/E (Post)
25.59x
 
EPS (Pre)
₹5.48
 
EPS (Post)
₹17.58
 
UPI Deadline
2024-08-29
Mandate
Anchor AllotmentMon, 26 Aug 2024
Basis of AllotmentFri, 30 Aug 2024
Refund InitiationMon, 02 Sep 2024
Demat CreditMon, 02 Sep 2024
Listing DayTue, 03 Sep 2024
UPI Mandate Deadline2024-08-29
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares2,87,09,200 shares (aggregating up to ₹1,291.68 Cr)
Offer for Sale3,42,00,000 shares of ₹1 (aggregating up to ₹1,538.72 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Premier Energies Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Aug 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
62,909,200
100% ₹2,830.91
IPO Shares Offered
Premier Energies Ltd. IPO total issue size: ₹2,830.91 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 62,909,200 ₹2,830.91
100.00%
* Based on upper price band ₹450 per share
Lot Size & Investment
Lot Size
33
Shares per Lot
Issue Price
₹450.00
Upper Band
Min Investment
₹14,850
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)266₹29,700
Retail (Max — 13 Lots)13429₹193,050
S-HNI (Min — 14 Lots)14462₹207,900
B-HNI (Min — 68 Lots)682,244₹1,009,800
* Issue Price ₹450 × Lot Size 33 shares
IPO Schedule
Anchor
26 Aug 2024
✓ Done
IPO Open
27 Aug 2024
✓ Done
IPO Close
29 Aug 2024
✓ Done
Allotment
30 Aug 2024
✓ Done
Refunds
02 Sep 2024
✓ Done
Demat Credit
02 Sep 2024
✓ Done
Listing Day
03 Sep 2024
✓ Done
Premier Energies Ltd. — Live Price LIVE
₹450.00
INR · BSE
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Issue ₹450.00 Live Price
About Premier Energies Ltd.
Incorporated in April 1995, Premier Energies Limited manufactures integrated solar cell and solar panel. The company's product portfolio includes Cell, Solar Module, Monofacial modulesBifacial modules, EPC Solutions and O&M Solutions.The company has five manufacturing units, all of which are situated in Hyderabad, Telangana, India.The clientele of the company includes 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”).As of July 31, 2024, the company had an order book of ?59,265.65 million. This total included ?16,091.14 million for non-DCR solar modules, ?22,140.60 million for DCR solar modules, ?18,911.18 million for solar cells, and ?2,122.72 million for EPC projects.The company has exported its products 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 Philippines.As of June 2024, the company had 1,447 employees and 3,278 Contract laborers.
Objects of the Issue
1
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
2
General corporate purposes
Premier Energies Ltd. Financials (Amount in Crore)
Revenue from Operations
₹1,463.2
31 Mar 2023
₹3,171.3
31 Mar 2024
₹1,668.8
30 Jun 2024
Profit After Tax (PAT)
-₹13.3
31 Mar 2023
₹231.4
31 Mar 2024
₹198.2
30 Jun 2024
Particulars30 Jun 202431 Mar 202431 Mar 2023
Revenue from Operations 1668.79 3171.31 1463.21
EBITDA N/A N/A N/A
Profit After Tax (PAT) 198.16 231.36 -13.34
Net Worth 26.96 36.49 -0.24
Total Assets 3735.50 3554.13 2110.69
Reserves & Surplus 255.73 455.76 224.40
Borrowings 1200.16 1392.24 763.54
EBITDA Margin (%) N/A
PAT Margin (%) 7.30%
P/BV Ratio
30.76
RoE
43.73%
RoCE
25.65%
RoNW
37.46%
PAT Margin
7.30%
Debt/Equity
1.86
Issue Structure & Shareholding
Total Shares Offered6,29,09,200 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding42,20,65,168 shares
Post-Issue Promoter Holding45,07,62,945 shares
P/BV Ratio30.76
RoE43.73%
RoCE25.65%
Debt / Equity1.86
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Kotak Mahindra Capital Co.Ltd.
JP Morgan India Pvt.Ltd.
ICICI Securities Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Premier Energies Ltd. IPO subscribed?

Premier Energies Ltd. IPO is subscribed 1.00 times by Aug 29, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Premier Energies Ltd. IPO retail subscription status?

The Premier Energies Ltd. IPO retail category is subscribed 1.00 times as of 29 Aug 2024. The retail portion is oversubscribed.

How to subscribe Premier Energies Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 27 Aug 2024 and closes 29 Aug 2024. Min investment: ₹14,850 (1 lot = 33 shares). UPI mandate: 2024-08-29.

How many times Premier Energies Ltd. IPO subscribed?

The Premier Energies Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Premier Energies Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 30 Aug 2024. Refunds: on 02 Sep 2024.

When Premier Energies Ltd. IPO will be listed?

The Premier Energies Ltd. IPO listing date is 03 Sep 2024, Tuesday. Listed on: NSE & BSE. Issue price: ₹450. Estimated listing: ₹450. GMP: NIL.

When Premier Energies Ltd. IPO close?

The Premier Energies Ltd. IPO closes on 29 Aug 2024, Thursday. UPI mandate: 2024-08-29. Allotment: 30 Aug 2024. Listing: 03 Sep 2024.