Premier Energies Limited IPO

Mainboard

Other Electrical Equipment

Listed On: Sep 3, 2024 at ₹ 990.0(NSE)

₹ 14850 /33 Shares

Check Allotment

27 Aug, 2024

Open Date

29 Aug, 2024

Close Date

30 Aug, 2024

Allotment Date

03 Sep, 2024

Listing Date

Price Summary

Last Closing

1,065.70 (136.82%)

52 Week High

1,388.00

52 Week Low

774.05

Last Update

16-Oct-2025 3:30 PM

Premier Energies IPO Issue Details

Issue Price ₹427-450 per equity share
Face Value ₹1 Per Equity Share
Total Issue Size 6,28,97,777 shares(aggregating up to ₹2830.4 crore)
Fresh Share 2,86,97,777 shares(aggregating up to ₹1291.4 crore)
Offer For Sale 3,42,00,000 shares(aggregating up to ₹1539 crore)
Listing at BSE, NSE
List Price 990.0(NSE)
Listing Date 2024-09-03
Lead Manager Kotak Mahindra Capital Company Limited
J.P. Morgan India Private Limited
ICICI Securities Limited
Registrar Kfin Technologies 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 Reservation

Premier Energies IPO offers total 6,29,09,199 shares. Out of which 1,25,35,111 (19.93%) allocated to QIB, 94,01,333 (14.94%) allocated to NII,2,19,36,444 (34.87%) allocated to RII, 2,33,644 (0.37%) allocated to employees and 1,88,02,666 (29.89%) allocated to 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%)
bNII < ₹10L	62,67,555 (9.96%)
sNII < ₹10L	31,33,778 (4.98%)
Retail Shares Offered	2,19,36,444 (34.87%)
Employee Shares Offered	2,33,644 (0.37%)
Total Shares Offered	6,29,09,199 (100%)

Premier Energies IPO Documents

DRHP

RHP

ANCHOR

Premier Energies IPO Details

Premier Energies IPO is a book-built issue of ₹2830.4 crores, The total issue size is ₹2830.4 crores. The IPO of Premier Energies is priced at ₹427-450 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Aug 27, 2024 and ends on Aug 29, 2024. The allotment for Premier Energies IPO will be finalized on Aug 30, 2024. Premier Energies IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 3, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 33 shares, extendable to 14,850. The book-running lead manager for the IPO is/are Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, ICICI Securities Limited.

The total issue ₹2830.4 crore, comprising a fresh issue of 2,86,97,777 shares ₹1291.4 crore and having Offer for Sale (OFS) of 3,42,00,000 shares to mop up ₹1539 crore.

The Premier Energies IPO sets its price band at 427-450 for each share. A single application for Premier Energies Limited IPO must contain at least 33 shares. Sentiment investors need to invest a minimum of 33 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,850

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

Total No of Applications

37,51,335

Subscription on the basis of Applications

Retail:5.06x BHNI:10.88x SHNI:34.44x

Premier Energies Valuations

EPS Pre IPO ₹5.48/-

EPS Post IPO ₹17.58/-

P/E Pre IPO 82.09

P/E Post IPO 25.59

ROE 43.73%

ROCE 25.65%

Debt/Equity 1.86

RoNW 37.46%

PAT Margin 7.30

Price to Book Value 30.76

Premier Energies Company Financials

In Crs.

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 Premier Energies Company

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

Pre Issue Share Holding : 72.22%

Post Issue Share 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:

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.
RoNW is calculated as Restated net profit/loss after tax/ Restated Net worth at the year-end/period computed as of March 31, 2024.
Net Asset Value per Equity Share is computed as Restated net worth / Number of equity shares and potential equity shares, including bonus shares.

Strength

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.

Weakness

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 Details

Premier Energies

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

+ 91 90 3099 422

investors@premierenergies.com

https://www.premierenergies.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

pel.ipo@kfintech.com

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

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. You can track the real-time subscription numbers using the links below:

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 Premier Energies Limited IPO price band is set between ₹427-450 per equity share.

Ans. To apply for Premier Energies Limited 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 Premier Energies Limited IPO allotment status online.