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Premier Energies IPO is a book build issue of ₹2,830.40 crores. The issue is a combination of fresh issue of 2.87 crore shares aggregating to ₹1,291.68 crores and offer for sale of 3.42 crore shares aggregating to ₹1,538.72 crores.
Premier Energies IPO bidding started from Aug 27, 2024 and ended on Aug 29, 2024. The allotment for Premier Energies IPO was finalized on Aug 30, 2024. The shares got listed on BSE, NSE on Sep 3, 2024.
Premier Energies IPO price band is set at ₹450.00 per share . The lot size for an application is 33. The minimum amount of investment required by an retail is ₹14,091 (33 shares). The lot size investment for sNII is 14 lots (462 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (2,244 shares), amounting to ₹10,09,800.
The issue includes a reservation of up to 2,33,644 shares for employees offered at a discount of ₹22.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Premier Energies IPO RHP for detailed Information.
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | September 3, 2024 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹427 to ₹450 per share |
| Issue Price Final | ₹450 per share |
| Lot Size | 33 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 6,29,09,200 shares (aggregating up to ₹2,830.40 Cr) |
| Fresh Issue | 2,87,09,200 shares (aggregating up to ₹1,291.68 Cr) |
| Offer for Sale | 3,42,00,000 shares of ₹1 (aggregating up to ₹1,538.72 Cr) |
| Employee Discount | ₹22.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 42,20,65,168 shares |
| Share Holding Post Issue | 45,07,62,945 shares |
Premier Energies IPO offers total 6,29,09,200 shares. Out of which 3,13,37,777 (49.81%) allocated to QIB, 1,25,35,111 (19.93%) allocated to QIB, 94,01,334 (14.94%) allocated to NII, 2,19,36,445 (34.87%) allocated to RII and 1,88,02,666 (29.89%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,13,37,777 (49.81%) | NA |
| − Anchor Investor Shares Offered | 1,88,02,666 (29.89%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,25,35,111 (19.93%) | NA |
| NII (HNI) Shares Offered | 94,01,334 (14.94%) | NA |
| − bNII > ₹10L | 62,67,556 (9.96%) | 13,566 |
| − sNII < ₹10L | 31,33,778 (4.98%) | 6,783 |
| Retail Shares Offered | 2,19,36,445 (34.87%) | 6,64,740 |
| Employee Shares Offered | 2,33,644 (0.37%) | NA |
| Total Shares Offered | 6,29,09,200 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Premier Energies IPO raises ₹846.12 crore from anchor investors. Premier Energies IPO Anchor bid date is August 26, 2024. Premier Energies IPO Anchor Investors list
| Bid Date | August 26, 2024 |
| Shares Offered | 1,88,02,666 |
| Anchor Portion Size (In Cr.) | 846.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 27, 2024 |
Premier Energies IPO opens on August 27, 2024, and closes on August 29, 2024.
| IPO Open Date | Tue, Aug 27, 2024 |
| IPO Close Date | Thu, Aug 29, 2024 |
| Tentative Allotment | Fri, Aug 30, 2024 |
| Initiation of Refunds | Mon, Sep 2, 2024 |
| Credit of Shares to Demat | Mon, Sep 2, 2024 |
| Tentative Listing Date | Tue, Sep 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 29, 2024 |
Investors can bid for a minimum of 33 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) 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 |
| S-HNI (Min) | 14 | 462 | ₹2,07,900 |
| S-HNI (Max) | 67 | 2,211 | ₹9,94,950 |
| B-HNI (Min) | 68 | 2,244 | ₹10,09,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in April 1995, 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”).
As of July 31, 2024, the company had an order book of ?59,265.65 million. This total included ?16,091.14 million for non-DCR solar modules, ?22,140.60 million for DCR solar modules, ?18,911.18 million for solar cells, and ?2,122.72 million for EPC projects.
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.
| Period Ended | 30 Jun 2024 | 21 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,735.50 | 3,554.13 | 2,110.69 | 1,341.49 |
| Total Income | 1,668.79 | 3,171.31 | 1,463.21 | 767.03 |
| Profit After Tax | 198.16 | 231.36 | -13.34 | -14.41 |
| Net Worth | 26.96 | 36.49 | -0.24 | -0.51 |
| Reserves and Surplus | 255.73 | 455.76 | 224.40 | 209.20 |
| Total Borrowing | 1,200.16 | 1,392.24 | 763.54 | 453.30 |
| Amount in ₹ Crore | ||||
The market capitalization of Premier Energies IPO is ₹20284.33 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 43.73% |
| ROCE | 25.65% |
| Debt/Equity | 1.86 |
| RoNW | 37.46% |
| PAT Margin | 7.30% |
| Price to Book Value | 30.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.48 | 17.58 |
| P/E (x) | 82.09 | 25.59 |
The company proposes to utilize the net proceeds, being the gross proceeds of the Fresh Issue less the Offer related expenses (“Net Proceeds”), towards funding the following objects (collectively, the “Objects”):
[Dilip Davda] The company has indicated the likely trends in coming years based on its recent performance. Post planned expansion, it is poised for better prospects ahead. Based on FY25 annualized super earnings, the issue appears aggressively priced. It’s a pure long term story. Well informed investors may park funds for long term. Read detail review...
| Listing Date | September 3, 2024 |
| BSE Script Code | 544238 |
| NSE Symbol | PREMIERENE |
| ISIN | INE0BS701011 |
| Final Issue Price | ₹450 per share |
| BSE Listing Group | B |
Premier Energies Ltd.
Plot No. 8/B/1 and 8/B/2, E- City
Maheshwaram Mandal,
Raviryala Village
Rangareddi, Telangana, 501359
Phone: + 91 90 30994222
Email: investors@premierenergies.com
Website: https://www.premierenergies.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: pel.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Premier Energies IPO is a main-board IPO of 6,29,09,200 equity shares of the face value of ₹1 aggregating up to ₹2,830.40 Crores. The issue is priced at ₹450 per share. The minimum order quantity is 33.
The IPO opens on August 27, 2024, and closes on August 29, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Premier Energies IPO using UPI as a payment gateway. Zerodha customers can apply in Premier Energies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Premier Energies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Premier Energies IPO opens on August 27, 2024 and closes on August 29, 2024.
Premier Energies IPO lot size is 33, and the minimum amount required for application is ₹14,850.
You can apply in Premier Energies IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Premier Energies IPO will be done on Friday, August 30, 2024, and the allotted shares will be credited to your demat account by Monday, September 2, 2024. Check the Premier Energies IPO allotment status.
The Premier Energies IPO listing date is on Tuesday, September 3, 2024.
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