Premier Energies Limited IPO
MainboardOther Electrical Equipment
Listed On: Sep 3, 2024 at ₹ 990.0(NSE)
₹ 14850 /33 Shares
Check AllotmentPrice Summary
Last Closing
1,061.50 (135.89%)52 Week High
1,267.9552 Week Low
802.10Last Update
22-Nov-2024 3:30 PMPremier Energies IPO Details
27 Aug, 2024
Open Date29 Aug, 2024
Close Date30 Aug, 2024
Allotment Date03 Sep, 2024
Listing DateIssue Price
₹427-450 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
990.0(NSE)Listing Date
2024-09-03Market Lot
Retail : 33 Shares (₹14,850/-)S-HNI : 462 Shares (₹2,07,900/-)
B-HNI : 2,244 Shares (₹10,09,800/-)
Lead Manager
Kotak Mahindra Capital Company LimitedJ.P. Morgan India Private Limited
ICICI Securities Limited
Issue Size
Total ₹2,830.40 Cr :#Fresh Issue : 28,697,777 shares(aggregating up to ₹1,291.40 Cr) +
#OFS : 34,200,000 shares of ₹1(aggregating up to ₹1,539.00 Cr)
Retail Portion
35% (Number of Retail Applications: 6,64,670 Approx),(Number of S-HNI Applications : 6,784 Approx),
(Number of B-HNI Applications : 13,566 Approx)
Subscription
73.94 timesPremier Energies IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 12,535,111 | 9,401,333 6,267,555 3,133,778 | 21,936,444 | 43,872,888 |
Day 1 - 27-08-24 05:00 PM | 0.04 x | 5.38 5.72 x 4.70 x | 1.81 x | 2.10 x |
Day 2 - 28-08-24 05:00 PM | 1.40 x | 18.83 20.13 x 16.22 x | 4.21 x | 6.61 x |
Day 3 - 29-08-24 05:00 PM | 216.67 x | 49.56 56.61 x 35.47 x | 7.04 x | 73.94 x |
Premier Energies Valuations
EPS Pre IPO
₹5.48/-EPS Post IPO
₹17.58/-P/E Pre IPO
82.09P/E Post IPO
25.59RoNW
37.46%Premier Energies Company Financials All values are in ₹ Cr.
30-Jun-24 | 31-Mar-24 | 31-Mar-22 | |
---|---|---|---|
Assets | 3,735.5 | 3,554.13 | 2,110.69 |
Revenue | 1,668.79 | 3,171.31 | 1,463.21 |
Profit After Tax | 198.16 | 231.36 | -13.34 |
Net Worth | 26.96 | 36.49 | -0.24 |
Reserves & Surplus | 255.73 | 455.76 | 224.40 |
Total Borrowing | 1,200.16 | 1,392.24 | 763.54 |
About The Company
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).
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.
Premier Energies - Strength and Weakness
Premier Energies Limited is the second-largest manufacturer of solar cells and solar modules in India, and it is also the second-largest maker of integrated solar cells. Premier Energies has shown to be a leader in the solar energy industry, with an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules.
Premier Energies has effectively entered the domestic content requirement (DCR) solar module market by utilising its integrated structure and profiting from government programs such as the CPSU scheme and the PM-KUSUM scheme. The company's intention to use joint ventures and strategic backward integration to increase manufacturing capabilities in the US further illustrates its dedication to international expansion and market penetration.
Through its journey from polycrystalline solar cells to monocrystalline PERC cells and now to TOPCon cell technology, Premier Energies has a strong commitment to technical developments. The company's technical skills and capacity to keep ahead of market trends are highlighted by its flexibility and innovation commitment, which have established it as a leader in the solar cell manufacturing industry.
A sizable amount of Premier Energies Limited's revenue is derived from a limited number of clients. The financial viability of the business might be severely impacted by the loss of any important customers or revenue from them. The risk is raised by the potential for customers to switch to rivals or other products, which might lead to lower profits and revenue.
Premier Energies' business has a limited variety of products and is heavily dependent on the performance of solar cells and modules. The profitability and future prospects of the firm are significantly at stake due to factors impacting the market for solar technology, including cost-effectiveness, performance, and regulatory rules. Demand fluctuations or developments in alternative energy sources might have a detrimental effect on Premier Energies' earnings and competitive standing.
Because of its reliance on imported machinery, especially from China, the firm is vulnerable to a number of hazards, such as shifts in governmental regulations, tariffs, and interruptions in logistics. Any moderations in the importing procedure might cause operations to be delayed, which would affect manufacturing plans and general corporate operations. Furthermore, these risks might be made worse by concerns about upcoming trade agreements or customs taxes, which could have an impact on Premier Energies' financial stability and profitability.
Premier Energies - Promoter(s)
Pre Issue Share Holding: 72.22%
Post Issue Share Holding: 66.03%
Company Promoter(s)
- Surender Pal Singh Saluja
- Chiranjeev Singh Saluja
Premier Energies IPO - Issue Objectives
- 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)
- General corporate purposes
Premier Energies IPO - Anchor Investors
Global marquee investors Nomura Funds, Blackrock Institutional Trust Company, PGGM World Equity, Government Pension Fund Global, Abu Dhabi Investment Authority, Neuberger Berman Investment Funds, Morgan Stanley, BNP Paribas, Pioneer Investment Fund, Eastspring Investments, Carmignac Portfolio, and Allianz Global Investors Fund participated in the anchor book.
In addition, domestic fund houses like HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nippon Life India, Ashoka Whiteoak ICAV, Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Trustee, Mirae Asset, DSP Mutual Fund, Quant Mutual Fund, UTI Mutual Fund, Canara Robeco Mutual Fund, Tata Mutual Fund, Invesco India, Bandhan Mutual Fund, Sundaram Mutual Fund, Motilal Oswal Mutual Fund, and Manulife also invested in the company via anchor book.
Other Details
Premier Energies
Plot No. 8/B/1 and 8/B/2, E- City, Maheshwaram Mandal, Raviryala Village, K.V. Rangareddy-501359Phone: + 91 90 3099 422
Email: investors@premierenergies.com
Website: https://www.premierenergies.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pel.ipo@kfintech.com
Premier Energies IPO - FAQs
Ans. Premier Energies Limited IPO is a Mainboard IPO. The issue is priced at ₹427-450 per equity share. The minimum order quantity is 33 Shares. The IPO opens on Aug 27, 2024, and closes on Aug 29, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Premier Energies Limited IPO opens on Aug 27, 2024 and closes on Aug 29, 2024.
Ans. The size of Premier Energies Limited IPO is Total ₹2,830.40 Cr : #Fresh Issue : 28,697,777 shares(aggregating up to ₹1,291.40 Cr) + #OFS : 34,200,000 shares of ₹1(aggregating up to ₹1,539.00 Cr).
Ans. The IPO price band is set between ₹427-450 per equity share.
Ans. To apply for Premier Energies Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Premier Energies Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Premier Energies Limited IPO is Aug 30, 2024.
Ans. The Premier Energies Limited IPO will be listed on Sep 3, 2024.
Ans. Follow the steps to check the allotment status for Premier Energies Limited IPO here.