Last updated on September 4, 2024
Premier Energies IPO Description – Premier Energies is India’s second-largest producer of integrated solar cells and modules. The company operates five manufacturing facilities, all located on company-owned land in Hyderabad, Telangana. Collectively, these facilities boast an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules.
The company’s operations span a wide range of activities: (i) manufacturing solar photovoltaic (PV) cells, (ii) producing solar modules, including custom panels tailored for specific applications, (iii) executing EPC projects, (iv) generating power independently, (v) providing O&M services for EPC projects we’ve completed, and (vi) selling various other solar-related products.
The EPC division has undertaken numerous projects across India, such as rooftop solar systems, canal top projects, and other large-scale solar power initiatives. These projects include a 100 MW installation for a Navratna public sector enterprise, a 20 MW canal bank and canal top project in Uttarakhand for a state government power generation company, and 18 MW and 15 MW projects in Karnataka.
As of 15 March 2024, the company had an order book valued at INR 5,362.05 crore. This includes INR 1,197.50 crore for non-DCR solar modules, INR 3,212.90 crore for DCR solar modules, INR 801.59 crore for solar cells, and INR 150.06 crore for EPC projects. As of 31 December 2023, the company employed 1,396 full-time employees.
Promoters of Premier Energies – Surender Pal Singh Saluja, and Chiranjeev Singh Saluja
Table of Contents
Premier Energies IPO Details
| Premier Energies IPO Dates | 27 – 29 August 2024 |
| Premier Energies Issue Price | INR 427 – 450 per share Employee Discount – INR 22 per share |
| Fresh issue | INR 1,291.4 crore |
| Offer For Sale | 3,42,00,000 shares (INR 1,539 crore) |
| Total IPO size | INR 2,751.74 – 2,830.4 crore |
| Minimum bid (lot size) | 33 shares (INR 14,850) |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Premier Energies Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 | |
| Revenue | 701.46 | 742.87 | 1,428.53 | 3,143.79 | 1,657.37 |
| Expenses | 681.07 | 783.90 | 1,472.19 | 2,883.26 | 1,423.72 |
| Net income | 25.81 | (14.41) | (13.34) | 231.36 | 198.16 |
| Margin (%) | 3.68 | (1.94) | (0.93) | 7.36 | 11.96 |
Premier Energies Offer News
- Premier Energies RHP
- Premier Energies DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Premier Energies Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | (0.44) | (0.38) | 5.48 | 17.58 |
| PE Ratio | – | – | 77.92 – 82.09 | 24.28 – 25.59 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | (3.65) | 3.35 | 37.46 |
| NAV | 9.32 | 9.05 | 14.63 |
| ROCE (%) | 3.63 | 5.94 | 25.65 |
| EBITDA (%) | 7.01 | 7.71 | 15.93 |
| Debt/Equity | 1.15 | 1.86 | 2.18 |
Premier Energies IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 2 September 2024 | 410 | – | 9,500 |
| 31 August 2024 | 410 | – | 9,500 |
| 30 August 2024 | 400 | – | 9,500 |
| 29 August 2024 | 380 | – | 9,200 |
| 28 August 2024 | 375 | – | 9,200 |
| 27 August 2024 | 320 | – | 8,100 |
| 26 August 2024 | 310 | – | 8,100 |
| 24 August 2024 | 265 | – | 5,600 |
| 23 August 2024 | 230 | – | 4,900 |
| 22 August 2024 | 200 | – | 3,700 |
Premier Energies IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in PEGEPL for part financing the establishment of cell and module manufacturing facility – INR 968.6 crore
- General corporate purposes
Premier Energies – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Premier Energies | 82.09 | 5.48 | 37.46 | 14.63 | 3,171.31 |
| Websol Energy System | NA | (29.99) | NA | NA | 26.81 |
Premier Energies IPO Dates & Listing Performance
| IPO Opening Date | 27 August 2024 |
| IPO Closing Date | 29 August 2024 |
| Finalization of Basis of Allotment | 30 August 2024 |
| Initiation of refunds | 2 September 2024 |
| Transfer of shares to demat accounts | 2 September 2024 |
| Premier Energies IPO Listing Date | 3 September 2024 |
| Opening Price on NSE | INR 990 per share (up 120%) |
| Closing Price on NSE | INR 839.90 per share (up 86.64%) |
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Premier Energies Offer Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
1st Floor, 27 BKC, Plot No. C – 27 “G” Block, Bandra Kurla
Complex Bandra (East) Mumbai 400 051 Maharashtra, India
Phone: +91 22 4336 0000
Email: [email protected]
Website: www.investmentbank.kotak.com
Premier Energies Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Premier Energies Issue Contact Details
PREMIER ENERGIES LIMITED
8th Floor, Orbit Tower Hyderabad Knowledge City,
Raidurg (Panmaktha Village), Serilingampally Mandal,
Hyderabad – 500 019, Telangana
Phone: +91 90 3099 4222
Email: [email protected]
Website: www.premierenergies.com
Premier Energies IPO FAQs
How many shares in Premier Energies IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Premier Energies Public Offer?
The best way to apply for Premier Energies public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Premier Energies IPO GMP today?
Premier Energies IPO GMP today is INR 410 per share.
What is Premier Energies kostak rate today?
Premier Energies kostak rate today is INR NA per application.
What is Premier Energies Subject to Sauda rate today?
Premier Energies Subject to Sauda rate today is INR 9,500 per application.
