The Premier Energy IPO is scheduled to begin on August 27. With its Mainline IPO, Premier Energies hopes to raise ₹2,830.40 crores. Premier Energies’ IPO pricing range, with a market lot of 33 shares, is set at ₹427 to ₹450. With 29 years of expertise in the solar business, Premier Energies has developed into the second-largest integrated solar cell and solar module producer in India as of March 31, 2024, with an annual installed capacity of 2 GW and 3.36 GW, respectively.
Their business activities consist of the following: (i) producing solar photovoltaic (“PV”) cells; (ii) producing solar modules, including specially designed panels for particular uses; (iii) carrying out EPC projects; (iv) producing independent power; and (v) providing O&M services in relation to EPC projects carried out by our company.
Premier Energies IPO Details
| IPO Open Date | August 27, 2024 |
| IPO Close Date | August 29, 2024 |
| Listing Date | September 3, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹427 to ₹450 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 62,897,777 shares
(aggregating up to ₹2,830.40 Cr) |
| Fresh Issue | 28,697,777 shares
(aggregating up to ₹1,291.40 Cr) |
| Offer for Sale | 34,200,000 shares of ₹1 (aggregating up to ₹1,539.00 Cr) |
| Employee Discount | Rs 22 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Premier Energies Financials
| FY 2024 | |
| Assets | 3,735.50 |
| Revenue | 1,668.79 |
| Profit After Tax | 198.16 |
| Net Worth | 26.96 |
| ROE | 43.73% |
| ROCE | 25.65% |
| Debt/Equity | 1.86 |
| RoNW | 37.46% |
| P/BV | 30.76 |
| PAT Margin (%) | 7.3 |
About the Company – Premier Energies
Founded in April of 1995, Premier Energies Limited. The business, which has 29 years of expertise, specializes in integrated solar cell and module manufacturing. the production of solar modules that can be manufactured from photovoltaic solar cells (“PV”), specifically bifacial monocrystalline PERC cells with wafer size M10 and dimensions of 182 mm x 182 mm. manufacturing of solar modules with several module technologies, including monocrystalline PERCon and TOPC cells, as well as different cell numbers, sizes, and formats, including monofacial and bifacial, and power ranges. Additionally, for unique applications, the company produces customized modules.
