Premier Energies IPO Date, Review, Price, Allotment Details

Premier Energies IPO Details

Premier Energies IPO Market Lot

The Premier Energies IPO minimum market lot is 33 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots with 429 shares or ₹193,050 amount.

Premier Energies IPO Dates

The Premier Energies IPO date is August 27 and the close date is August 29. The Premier Energies IPO allotment will be finalized on August 30 and the IPO listing on September 3.

Promoters of Premier Energies

The promoters of the company are Surender Pal Singh Saluja, and Chiranjeev Singh Saluja.

About Premier Energies

Premier Energies has 29 years of experience in the solar industry and during this time, they have grown to become India’s second largest integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW, respectively, as of March 31, 2024.

In September 2021, they received an investment of ₹1,770 million from South Asia Growth Fund II Holdings LLC and South Asia EBT Trust, affiliates of a global private equity management fund focused on investing in climate solutions.

Their business operations include (i) the manufacturing of solar photovoltaic (“PV”) cells, (ii) the manufacturing of solar modules including custom-made panels for specific applications, (iii) the execution of EPC projects, (iv) independent power production, (v) O&M services concerning EPC projects executed by our Company and (vi) the sale of other solar-related products.

They have five manufacturing facilities, all of which are situated on land that they own, in Hyderabad, Telangana, India. Combined, our manufacturing facilities have an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules. They established a 75 MW capacity solar cell manufacturing line in 2011 before becoming one of the first companies in India to manufacture solar cells at scale through the introduction of a solar cell line with an annual installed capacity of 500 MW in Fiscal 2021 and 250 MW in Fiscal 2022.

The Company also operates a 2 MW solar power plant which was commissioned in 2012 under the Jawaharlal Nehru National Solar Mission in Jharkhand, India.

Premier Energies Company Financial Report

The company reported revenue of ₹3171.31 crores in 2024 against ₹1463.21 crores in 2023. The company reported a profit of ₹231.36 crores in 2024 against a loss of ₹13.34 crores in 2023.

Amount ₹ in Crores

Premier Energies IPO Valuation – FY2024

Check Premier Energies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• Investment in our Subsidiary, Premier Energies Global Environment Private Limited (“PEGEPL”) 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 Review

• IPO Watch – May Apply
• Canara Bank –
• DRChoksey FinServ – Apply
• Emkay Global –
• Hem Securities –
• IDBI Capital –
• Marwadi Shares –
• Nirmal Bang –
• SBICAP Securities –
• Sharekhan –
• SMC Global – Neutral
• Sushil Finance – May Apply
• Swastika Investmart – Apply
• Ventura Securities –
• Geojit –
• Reliance Securities – Apply
• Capital Market –
• BP Wealth –
• ICICIdirect –
• Choice Broking – Apply

Premier Energies IPO Registrar

KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: [email protected]
Website: https://ris.kfintech.com/

IPO Lead Managers aka Merchant Bankers

• Kotak Mahindra Capital Company Limited
• J.P. Morgan India Private Limited
• ICICI Securities Limited

Company Address

Premier Energies Limited
Plot No. 8/B/1 and 8/B/2,
E- City, Maheshwaram Mandal Raviryala Village,
K.V. Rangareddy 501 359,
Telangana, India
Phone: +91 90 3099 4222;
Email: [email protected];
Website: www.premierenergies.com

Premier Energies IPO FAQs