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Premier Energies Ltd

Capital Goods - Electrical Equipment

Offer Period :

27th to 29th Aug 2024

Premier Energies Ltd IPO Details

IPO Date 27th to 29th Aug 2024 Minimum Investment ₹14850 / 1 Lots
Listing Date 2024-09-03 Maximum Investment ₹193050 / 13 Lots
Face Value ₹1 per share Total Issue Size ₹2830.4 Crores
Price ₹450 to ₹450 per share Fresh Issue ₹1291.4 Crores
Lot Size 1 Lots (33 Shares) Offer For Sale ₹ [-]
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹22 per Share Shareholding Pre Issue 422065168 Shares
Issue Type Book Building Shareholding Post Issue 450774368 Shares
IPO Date 27th to 29th Aug 2024
Listing Date 2024-09-03
Face Value ₹1 per share
Price ₹450 to ₹450 per share
Lot Size 1 Lots (33 Shares)
Listing At BSE, NSE
Total Issue Size ₹2830.4 Crores
Employee Discount ₹22 per share
Issue Type Book Building
Minimum Investment ₹14850 / 1 Lots
Maximum Investment ₹193050 / 13 Lots
Fresh Issue ₹1291.4 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 422065168 Shares
Shareholding Post Issue 450774368 Shares

About Premier Energies Ltd IPO

Founding Head: 1995

Managing Director: Chiranjeev Singh Saluja

PREMIER ENERGIES LIMITED Timeline

Important dates for allocation and IPO listing.

27th Aug

IPO Opens

29th Aug

IPO Close

30th Aug

Allotment Date

2nd Sep

Initiation of Refund

2nd Sep

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 72.22 0
Public Group 27.78 0

Premier Energies Ltd IPO Reservation

QIB Shares Offered 12535111(19.93%)
NII (HNI) Shares Offered 9401333(14.95%)
Retail Shares Offered 21936444(34.88%)
Anchor Investor Shares Offered 18802668(29.89%)
Total Shares Offered 62897776
Total Shares With Anchor Investor 62897776

Premier Energies Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 33 ₹14850
Retail (Max) 13 429 ₹193050
S HNI (Min) 14 462 ₹207900
S HNI (Max) 67 2211 ₹994950
B HNI (MIN) 68 2244 ₹1009800

Premier Energies Ltd IPO Anchor Investor Details

Bid Date -
Shares Offered 1,88,02,666
Anchor Portion Size 846.11997

Premier Energies Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id pel.ipo@kfintech.com
Our Website www.kfintech.com

Premier Energies Ltd IPO Lead Manager

1. Kotak Mahindra Capital Company Ltd

2. J.P.Morgan India Pvt Ltd

3. ICICI Securities Ltd

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Premier Energies Ltd Financial Information

Period Ended March 31, 2023 March 31, 2022 March 31, 2021
Net Worth ₹454.81 ₹439.27 ₹234.76
Reserves and Surplus ₹428.46 ₹412.92 ₹209.81
Total Borrowing ₹47.4 ₹33.15 ₹63.99

Premier Energies Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 12289227 2662711491 216.67
Non Institutional Investors (NIIs) 9631406 481973250 50.04
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 22473279 172754472 7.69
Total 44640825 3320262297 74.38

Strength of Premier Energies Ltd

1. The Company is an integrated solar cell and solar module manufacturer.

2. The Company has a long track record in the solar module manufacturing sector.

3. The Company is experienced in solar cell line production.

4. The Company has a diversified customer base with customer relationships both within India and overseas with a robust order book.

5. The Company has an experienced Promoter-led senior management team.

Risks Involved

1. Its revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

2. The business and prospects of the Company is dependent on the success of two products namely, solar cells and modules, and therefore their continued success is necessary for its business and prospects.

3. Its manufacturing facilities are located in the state of Telangana, India, which exposes its operations to potential geographical concentration risks arising from local and regional factors which may adversely affect its operations and in turn its business, results of operations and cash flows.

4. The company incurred losses of Rs.(144.08) million and Rs.(133.36) million in Fiscals 2022 and 2023, respectively, and any similar losses in the future may adversely affect its business, financial condition and cash flows.

5. Most of its Subsidiaries have incurred losses at some point in the last three Fiscals and the three months ended June 30, 2024, and any similar losses in the future may adversely affect its business, financial condition and cash flows. This includes Premier Energies Global Environment Private Limited, the Subsidiary to which the Net Proceeds will be applied.

6. The company had negative cash flows of Rs(155.29) million in Fiscal 2023 and Rs.(410.48) million in the three months ended June 30, 2024 and may continue to have negative cash flows in the future.

7. Under-utilization of its manufacturing capacities and an inability to effectively utilize its expanded and proposed manufacturing capacities could have an adverse effect on the company's business, prospects, financial performance and cash flows.

8. Expansion of its annual installed capacity despite existing underutilization may adversely affect its business, financial condition and results of operations if there is insufficient demand for the company products.

9. The Company experienced a significant decline in actual production and annual installed capacity of solar modules in the past three Fiscals and the three months ended June 30, 2024. Should similar decreases occur in the future, its business, financial condition and results of operations may be adversely affected.

10. The proceeds from the Offer for Sale will be paid to the Selling Shareholders.

Why should you invest in

-

Premier Energies Ltd Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 3554.12 2110.69 1341.49
Total Liabilities 3554.12 2110.69 1341.49
Total Expenses 2883.26 1472.19 783.9
Total Revenue 
3171.31 1463.21 767.03
Profit After Tax 231.36 -12.81 -14.36
EBITDA 506.64 114.1 54.91
Adjusted EBITDA 0 0 0

PREMIER ENERGIES LIMITED IPO Contact Details

Premier Energies Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-03 544238 PREMIERENE
INE0BS701011
₹450 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹450 ₹450
Open ₹991 ₹990
Low ₹801.6 ₹802.1
High ₹993.45 ₹994.55
Low ₹801.6 ₹802.1

Frequently Asked Questions

What is Premier Energies Ltd IPO?

Answer Field

Premier Energies Ltd IPO is a Mainboard IPO of 6,28,97,776 equity shares of a face value of ₹1 aggregating up to ₹2830.4 Crores. The issue is priced at ₹450 to ₹450 per share. The minimum order quantity is 33 Shares. The IPO opens on August 27, 2024, and closes on August 29, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Premier Energies Ltd IPO will open?

Answer Field

The Premier Energies Ltd IPO opens on August 27, 2024 and closes on August 29, 2024.

What is the lot size of Premier Energies Ltd?

Answer Field

Premier Energies Ltd lot size is 33 shares, and the minimum amount required is ₹14,850.

How to apply for Premier Energies Ltd IPO?

Answer Field

You can apply in Premier Energies Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Premier Energies Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Premier Energies Ltd IPO will be done on August 30, 2024, and the allotted shares will be credited to your demat account by September 02, 2024.

When is Premier Energies Ltd IPO listing date?

Answer Field

The Premier Energies Ltd listing date is September 03, 2024.

Who is the registrar of Premier Energies Ltd IPO?

Answer Field

The registrar of Premier Energies Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Kotak Mahindra Capital Company Ltd,J.P.Morgan India Pvt Ltd,ICICI Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Premier Energies Ltd IPO?

Answer Field

The fresh issue size is ₹1291.4 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Premier Energies Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 33 shares and ₹14,850 amount.

How can I approve the UPI mandate request for Premier Energies Ltd IPO?

Answer Field

To apply for Premier Energies Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Premier Energies Ltd?

Answer Field

The price of each Premier Energies Ltd share will be ranging in between ₹450 to ₹450 per share.

What is the cut-off time for the UPI mandate for Premier Energies Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 29, 2024.

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