Premier Energies, one of India’s leading solar cell and module manufacturers, is launching its Initial Public Offering (IPO) soon. This blog post provides a comprehensive overview of the Premier Energies IPO, covering key details like the IPO date, price band, lot size, subscription status, allotment status, listing date, and more. We also offer a Premier Energies IPO review to help you make an informed investment decision.
Premier Energies IPO Details
The Premier Energies IPO is a book-built issue aiming to raise approximately ₹2,830.40 crores. The IPO consists of a fresh issue of ₹1,291.40 crores and an offer for sale of up to 34,200,000 equity shares. Here’s a summary of the key details:
| IPO Details | Information |
|---|---|
| IPO Open Date | August 27, 2024 |
| IPO Close Date | August 29, 2024 |
| Face Value | ₹1 per equity share |
| IPO Price Band | ₹427 to ₹450 per share |
| Issue Size | Approx. ₹2,830.40 crores |
| Fresh Issue | Approx. ₹1,291.40 crores |
| Offer for Sale | Up to 34,200,000 equity shares |
| IPO Listing | BSE & NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | ₹22 per share |
Premier Energies IPO Market Lot and Application
The Premier Energies IPO market lot is a minimum of 33 shares. Retail investors can apply for up to 13 lots, which equates to 429 shares or an investment of ₹193,050.
| Application | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 33 | 14,850 |
| Retail Maximum | 13 | 429 | 193,050 |
| S-HNI Minimum | 14 | 462 | 207,900 |
| B-HNI Minimum | 68 | 2,244 | 1,009,800 |
Premier Energies IPO Dates and Allotment
Key dates for the Premier Energies IPO are listed below. Ensure you mark your calendars to not miss any important events:
| Event | Date |
|---|---|
| IPO Open Date | August 27, 2024 |
| IPO Close Date | August 29, 2024 |
| Basis of Allotment | August 30, 2024 |
| Refunds | September 2, 2024 |
| Credit to Demat Account | September 2, 2024 |
| IPO Listing Date | September 3, 2024 |
About Premier Energies
Premier Energies is a prominent player in the solar energy sector, with over 29 years of experience. The company is the second-largest integrated solar cell and module manufacturer in India, with an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules as of March 31, 2024. The company has five manufacturing facilities, all located in Hyderabad, Telangana, India.
Premier Energies Financial Overview
Premier Energies has shown significant financial growth in recent years. In the fiscal year 2024, the company reported a revenue of ₹3,171.31 crores, compared to ₹1,463.21 crores in 2023. The net profit for 2024 was ₹231.36 crores, a substantial turnaround from a loss of ₹13.34 crores in 2023.
| Year | Revenue (₹ in Crores) | Profit After Tax (₹ in Crores) | Assets (₹ in Crores) |
|---|---|---|---|
| 2022 | 767.03 | 14.41 | 1,341.49 |
| 2023 | 1,463.21 | -13.34 | 2,110.69 |
| 2024 | 3,171.31 | 231.36 | 3,554.13 |
| June 2024 | 1,668.79 | 198.16 | 3,735.50 |
Premier Energies IPO Valuation – FY2024
The valuation metrics for Premier Energies indicate a strong financial standing, which can attract investors looking for growth potential in the solar energy sector.
| KPI | Values |
|---|---|
| ROE | 43.73% |
| ROCE | 25.65% |
| EBITDA Margin | 15.93% |
| PAT Margin | 7.30% |
| Debt to Equity Ratio | 2.18 |
| Earning Per Share (EPS) | ₹6.93 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 37.46% |
| Net Asset Value (NAV) | ₹14.63 |
Premier Energies IPO Review
Based on the financial performance and growth potential, the Premier Energies IPO looks promising for long-term investors. With a significant turnaround in profitability and a strong market position in the solar industry, Premier Energies is well-positioned for future growth.
Objects of the Issue
The funds raised from the Premier Energies IPO will be used for the following purposes:
- Investment in Subsidiary: Premier Energies will finance the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India.
- General Corporate Purposes: The remaining funds will be used for general corporate purposes to strengthen the company’s balance sheet and support its growth strategies.
How to Apply for Premier Energies IPO
Investors can apply for the Premier Energies IPO through the ASBA process online via their bank account. Alternatively, they can apply through stock brokers by filling up the offline form. Premier Energies IPO allotment status can be checked on the KFintech website once the allotment is finalized.
Premier Energies IPO Grey Market Premium (GMP) Today
The Premier Energies IPO GMP indicates the premium at which the IPO shares are trading in the grey market. It reflects investor sentiment and can provide insights into the potential listing price. Stay updated with the latest Premier Energies IPO GMP on our website.
FAQ Section
1. What is the Premier Energies IPO?
The Premier Energies IPO is a main-board IPO aiming to raise ₹2,830.40 crores. It includes a fresh issue of ₹1,291.40 crores and an offer for sale of up to 34,200,000 equity shares.
2. When will the Premier Energies IPO open and close?
The IPO will open on August 27, 2024, and close on August 29, 2024.
3. What is the Premier Energies IPO price band?
The IPO price band is set between ₹427 and ₹450 per share.
4. What is the minimum lot size for the Premier Energies IPO?
The minimum lot size is 33 shares, with an application amount of ₹14,850.
5. When will the Premier Energies IPO allotment be finalized?
The allotment will be finalized on August 30, 2024.
6. How can I check my Premier Energies IPO allotment status?
You can check the allotment status on the KFintech website once it is finalized.
7. When is the Premier Energies IPO listing date?
The IPO is expected to list on September 3, 2024, on the BSE and NSE.
8. What is the Grey Market Premium (GMP) for Premier Energies IPO today?
The Premier Energies IPO GMP will be updated regularly on our website.
Conclusion
The Premier Energies IPO is a significant opportunity for investors looking to tap into the growing solar energy sector in India. With robust financials, a clear growth strategy, and strong market positioning, Premier Energies is poised for long-term success. Stay updated with the latest Premier Energies IPO subscription status, GMP, and more on our website.
For more information, check the latest updates on Premier Energies IPO Chittorgarh, Livemint, Moneycontrol, Business Today, Groww, 5paisa, Angel One, YouTube Review, and other platforms.
