Premier Energies IPO

Premier Energies IPO is listed on BSE and NSE, priced at ₹427–₹450 per share. The stock debuted at ₹990, delivering a listing gain of 120.0%. The IPO had a lot size of ₹33 shares and a minimum investment of ₹14,850.

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Premier Energies Limited IPO

Mainboard Listed
₹14,850 (33 Shares)
Minimum Investment
Check Allotment
IPO Dates
Aug 27, 2024 – Aug 29, 2024
Price band
₹427-450 per equity share
Minimum Investment
₹14,850
Issue size
₹2830.4 Cr
Lot size
33
Allotment Date
Aug 30, 2024
Listing
Sep 3, 2024
Listing At
BSE, NSE

  1. Aug 27, 2024

    Open Date

    Completed

  2. Aug 29, 2024

    Close Date

    Completed

  3. Aug 30, 2024

    Allotment Date

    Completed

  4. Sep 3, 2024

    Listing Date

    Completed

Price Summary

Last closing
1,040.00 (131.11%)
52 week high
1,163.90
52 week low
660.00
Last update

Premier Energies IPO Essentials

Premier Energies IPO Details

Premier Energies IPO is priced at ₹427-450 per share with a total issue size of 2830.4 crore. The IPO has a lot size of 33 shares and is listed on a BSE and NSE.

Issue price
₹427-450 per equity share
Lot size
33 shares
Face value
₹1 Per Equity Share
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)
Total issue size
6,28,97,777 shares
(aggregating up to ₹2830.4 crore)
Fresh issue
2,86,97,777 shares
(aggregating up to ₹1291.4 crore)
Offer for sale (OFS)
3,42,00,000 shares
(aggregating up to ₹1539 crore)
Listing at
BSE, NSE
List price
990.0(NSE)
Listing date
Registrar
Kfin Technologies Limited
Lead manager
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, ICICI Securities Limited

Market Lot Size

Investors can bid for a minimum of 33 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 33 ₹14,850
Retail(max) 13 429 ₹1,93,050

Premier Energies IPO Documents

DRHP

RHP

ANCHOR

Premier Energies IPO Reservation

Premier Energies IPO reservation details show category-wise allocation of shares. Out of the total 6,29,09,199 shares, approximately 19.93% are reserved for QIB, 14.94% for NII, 34.87% for retail investors, 0.37% for employees, and 29.89% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1,88,02,666 (29.89%)
QIB Shares Offered 1,25,35,111 (19.93%)
NII (HNI) Shares Offered 94,01,333 (14.94%)
bHNI > ₹10L 62,67,555 (9.96%) 13,566
sHNI < ₹10L 31,33,778 (4.98%) 6,783
Retail Shares Offered 2,19,36,444 (34.87%) 6,64,740
Employee Shares Offered 2,33,644 (0.37%)
Total Shares Offered 6,29,09,199 (100%)

Premier Energies IPO Analytics

Premier Energies IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Premier Energies IPO Subscription Status

Premier Energies IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

As on QIB
NII
bHNI
sHNI
 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
5.38x
5.72x
4.70x
1.81 x 2.10 x
Day 2 28-08-24 05:00 PM
1.40 x
18.83x
20.13x
16.22x
4.21 x 6.61 x
Day 3 29-08-24 05:00 PM
216.67 x
49.56x
56.61x
35.47x
7.04 x 73.94 x

Anticipated Subscription on the basis of Applications

Total No. of Applications
bHNI sHNI Retail
37,51,335 (Approx) —x —x 5.06x

Subscription levels combined with expected premium trends indicate overall market sentiment and possible listing expectations for the IPO.

Premier Energies Valuations

Earnings

EPS Pre IPO
₹5.48/-
EPS Post IPO
₹17.58/-
P/E Pre IPO
82.09
P/E Post IPO
25.59

Returns

ROE
43.73%
ROCE
25.65%
RoNW
37.46%
PAT Margin
7.30

Fundamentals

Debt / Equity
1.86
Price / Book
30.76

Data sourced from DRHP / RHP • For educational purposes only

Premier Energies Financials( In Crs.)

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

Premier Energies financials show revenue growth and profitability trends over recent years, indicating business stability.

Premier Energies Company & Offer Insights

About Premier Energies

Premier Energies Limited, Inc., was established in April 1995 and is an integrated manufacturer of solar cell and solar panel. Cell, Solar Module, Monofacial modulesBifacial modules, EPC Solutions and O&M Solutions form the company's product portfolio.The company has five manufacturing units. All of them are based in Hyderabad, Telangana, India.

The clients of the company are 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 shipped its products United States, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia, Canada, Sri Lanka, Germany, Hungary, United Arab Emirates, Uganda, Turkey, South Korea, China, Taiwan and Philippines.

The number of employees, as of June 2024, is 1,447 and the contract laborers count is 3,278.

Premier Energies Promoter(s)

Surender Pal Singh Saluja, Chiranjeev Singh Saluja are the company's promoters of Premier Energies.

Pre-Issue Holding
72.22%
Post-Issue Holding
66.03%

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

Premier Energies raises over Rs 846 crore via anchor book.

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.

Premier Energies IPO - Peers Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Premier Energies Limited 6.93 5.48 14.63 N/A 37.46 N/A Consolidated
Websol Energy System Ltd. -29.99 -29.99 N/A N/A N/A N/A Consolidated

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on the National Stock Exchange of India Limited on August 20, 2024, divided by the Diluted EPS.
  2. RoNW is calculated as Restated net profit/loss after tax/ Restated Net worth at the year-end/period computed as of March 31, 2024.
  3. Net Asset Value per Equity Share is computed as Restated net worth / Number of equity shares and potential equity shares, including bonus shares.

Premier Energies IPO - Strengths and Risks

Premier Energies IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

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.

Risks

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.

Contact Information

Contact Details

Premier Energies

+ 91 90 3099 422

investors@premierenergies.com

https://www.premierenergies.com/

Plot No. 8/B/1 and 8/B/2, E- City, Maheshwaram Mandal, Raviryala Village, K.V. Rangareddy-501359

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

pel.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/

Frequently Asked Questions

Click any question to reveal the answer

Premier Energies IPO is a book-built IPO worth ₹2830.4 crore. The price band is ₹427–₹450 per share. The IPO opens on Aug 27, 2024 and closes on Aug 29, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The price band of Premier Energies IPO is ₹427 to ₹450 per share.

The lot size of Premier Energies IPO is 33 shares.

The minimum investment for Premier Energies IPO is approximately ₹14,850 based on the upper price band .

Premier Energies IPO opens on Aug 27, 2024 and closes on Aug 29, 2024.

The allotment date of Premier Energies IPO is Aug 30, 2024.

Premier Energies IPO is expected to be listed on Sep 3, 2024, on BSE and NSE .

Premier Energies IPO listed on Sep 3, 2024. It was issued at ₹990.0(NSE) and is currently around ₹1040.00 as on 29-Apr-2026 3:30 PM, which is approximately 131.1% versus issue price. The 52-week high is ₹1,163.90.

Based on listing and post-listing performance, Premier Energies IPO delivered around 131.1% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy Premier Energies IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

Premier Energies IPO valuation snapshot: P/E 25.59, EPS ₹17.58/-, P/B 30.76, RoNW 37.46%, and market cap N/A.

To apply for Premier Energies IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of Premier Energies IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for Premier Energies IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Premier Energies IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Premier Energies IPO allotment status on IPO Ji for quick and easy access.