Premier Energies IPO Date, Review, Price, Allotment Details

Premier Energies IPO Details: Premier Energies IPO date is not fixed, the IPO is to hit the market on 2024. and will close on 2024. Premier Energies IPO to raise around ₹1500 crores via IPO that comprises fresh issue of ₹1500 crores and offer for sale up to 28,200,000 equity shares of ₹[.] each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

premier-energies-ipo

Table of Contents

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


Objects of the Issue

  • Investment in our Subsidiary, Premier Energies Global Environment Private Limited (“PEGEPL”) for partfinancing 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 (Apply or Not)

  • To be updated soon

Brokerage Firm IPO Review

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated soon

Premier Energies IPO Date & Price Band Details

IPO Open:2024
IPO Close:2024
IPO Size:Approx ₹1500 Crores
Fresh Issue:Approx ₹1500 Crores
Offer for Sale:Approx 28,200,000 Equity Shares
Face Value:₹1 Per Equity Share
IPO Price Band:₹[.] to ₹[.] Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Premier Energies IPO Market Lot

The Premier Energies IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.

ApplicationLot SizeSharesAmount
Retail Minimum1₹-
Retail Maximum13₹-
S-HNI Minimum14₹-
B-HNI Minimum68₹-

Premier Energies IPO Allotment & Listing Dates

The Premier Energies IPO date is 2024 and the close date is 2024. The Premier Energies IPO allotment will be finalized on 2024 and the IPO listing on 2024.

Price Band Announcement:2024
Anchor Investors Allotment:2024
IPO Open Date:2024
IPO Close Date:2024
Basis of Allotment:2024
Refunds:2024
Credit to Demat Account:2024
IPO Listing Date:2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Premier Energies IPO Form

How to apply for the Premier Energies IPO? You can apply for Premier Energies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Premier Energies IPO in the Invest section. The other option is you can apply for Premier Energies IPO via IPO forms downloaded via NSE and BSE. Check out the Premier Energies forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Premier Energies Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹736.23₹681.07₹25.81
2022₹767.03₹783.90₹14.41
2023₹1463.22₹1472.19₹13.34
Dec 2023₹1463.21₹1858.94₹127.40

Premier Energies IPO Valuation – FY2023

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.

Earning Per Share (EPS):₹0.40 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):-3.35%
Net Asset Value (NAV):₹9.05 per Equity Share

Peer Group

  • Websol Energy System Limited

Company Promoters

  • Surender Pal Singh Saluja
  • Chiranjeev Singh Saluja

Premier Energies IPO Registrar

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

Premier Energies IPO Allotment Status Check

Check Premier Energies IPO allotment status on KFin Technologies website allotment URL. Click Here

Premier Energies 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

What is Premier Energies IPO?

Premier Energies IPO is a main-board IPO. They are going to raise ₹1500 Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.

When Premier Energies IPO will open?

The IPO is to open on 2024 for QIB, NII, and Retail Investors.

What is Premier Energies IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Premier Energies IPO?

You can apply for Premier Energies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Premier Energies IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Premier Energies”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Premier Energies IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Premier Energies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Premier Energies IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Premier Energies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Premier Energies IPO Size?

Premier Energies IPO size is ₹1500 crores.

What is Premier Energies IPO Price Band?

Premier Energies IPO Price Band is ₹[.] to ₹[.].

What is Premier Energies IPO Minimum and Maximum Lot Size?

The minimum bid is [.] Shares with ₹[.] amount while the maximum bid is [.] shares with ₹[.].

What is the Premier Energies IPO Allotment Date?

Premier Energies IPO allotment date is 2024.

What is the Premier Energies IPO Listing Date?

Premier Energies IPO listing date is 2024. The IPO is to list on BSE and NSE.

Note: The Premier Energies IPO price band and date are not officially announced yet. The IPO grey market premium (Premier Energies IPO Premium) will be added to the IPO grey market page as it will start).

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