Premier Energies Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹427 - ₹450
- Lot size
- 33 shares
- Issue amount
- ₹2,830.4 cr
- Total subscription
- 75.62×
- Opens
- 27 Aug 2024
- Closes
- 29 Aug 2024
- Allotment
- 30 Aug 2024
- Listing
- 3 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 6,29,09,200 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹14,091
- Fresh issue
- ₹1,291.68 cr
- Offer for sale
- ₹1,538.72 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,850
- Issue type
- Bookbuilding IPO
- Shares before issue
- 42,20,65,168
- Shares after issue
- 45,07,62,945
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 33 | ₹14,850 |
| sHNI | 14 | 462 | ₹2,07,900 |
| bHNI | 68 | 2,244 | ₹10,09,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 13,566 | 1,47,613 |
| HNIs (2-10L) | 6,784 | 2,42,135 |
| RETAIL | 6,64,740 | 36,19,382 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 564.08 | 1,19,822.02 |
| RETAIL | 987.14 | 7,775.35 |
| NIB | 423.06 | 21,689.07 |
| HNIs 2+ | 141.02 | 5,331.88 |
| HNIs 10+ | 282.04 | 16,357.19 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 5.93 | 6.93 | -0.38 |
| ROE | 26.54 | 43.73 | -3.18 |
| ROCE | 14.26 | 5.08 | 25.65 |
| RONW | 24.25 | 37.46 | -3.35 |
| PRE IPO(PE) | 82.09 | 0 | 0 |
| POST IPO(PE) | 25.59 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Premier Energies Limited, originally incorporated as Premier Solar Systems Private Limited on April 3, 1995, in Hyderabad, India, has grown into a leading name in the country’s solar energy sector. As the second-largest integrated solar cell and module manufacturer in India, it has an annual production capacity of 2 GW for solar cells and 3.36 GW for solar modules, reflecting its strong focus on sustainability and innovation. The company offers end-to-end solar power solutions, including engineering, procurement, and construction (EPC) services, along with the operation and maintenance of solar facilities. To keep up with the rising demand for renewable energy, Premier Energies is expanding its production capabilities in line with the government's clean energy goals. Committed to environmental, social, and governance (ESG) initiatives, the company actively works to reduce its carbon footprint and promote a greener future. As of June 30, 2024, it had a workforce of 1,447 full-time employees.
Strengths
- End-to-End Manufacturing: Premier Energies specializes in making both solar cells and modules, ensuring top-quality control throughout the entire process.
- Trusted Industry Leader: With years of experience in solar module manufacturing, the company has built a strong reputation for reliability.
- Cutting-Edge Production: Premier Energies operates advanced solar cell production lines, allowing it to meet high demand with efficiency and precision.
Risk factors
- Reliance on Key Customers: The company depends on a small number of clients, so losing any major customer could greatly affect its financial stability and operations.
- Limited Product Range: With a focus on just two products—solar cells and modules—the business is exposed to market changes and technological shifts that could impact its success.
- Single Location Risk: Since all manufacturing is based in Telangana, India, any local or regional disruptions could pose challenges to the company’s operations and financial performance.
Promoters
Surender Pal Singh Saluja
Chiranjeev Singh Saluja
Registrar & documents
Lead manager
Kotak Mahindra Capital Company , J.P. Morgan India Private Limited, ICICI Securities Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 8/B/1 and 8/B/2, E- City, Maheshwaram Mandal, Raviryala Village, K.V. Rangareddy-501359
+ 91 90 3099 422
[email protected]Company website ↗Understanding PREMIERENE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.