Premier Energies Ltd. IPO

Premier Energies Limited is a leading solar energy solutions provider with a strong focus on manufacturing solar cells, modules, and executing EPC projects. With over 29 years of experience, the company has established itself as a key player in the Indian solar industry. Premier Energies offers a wide range of products and services, including customizable solar modules, O&M services, and independent power production. The company's manufacturing facilities have a combined annual capacity of 2 GW for solar cells and 4.13 GW for solar modules, and they are continually expanding to meet growing demand.

RHP
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DRHP
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Open Date

2024-08-27

Close Date

2024-08-29

Premier Energies Ltd. IPO Details

Check out the issue details for Premier Energies Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 450

Price Band

₹ 427 - 450

Issue Size

2830.4 Cr.

Issue Type

Book Built

Open

2024-08-27

Close

2024-08-29

Listingprice

₹ 990

ListingGain

120.00%

Listing Date

2024-09-03

CMP

₹ 1296.4

Current Return

188.09%

Premier Energies Ltd. News

Premier Energies’ arm gets nod to establish 1 GW Solar Photovoltaic TOPCon Module manufacturing facility13 Dec, 5:09PM Premier Energies’ arms bag orders worth Rs 1087 crore26 Nov, 11:27AM Premier Energies - Quaterly Results8 Nov, 5:19PM Premier Energies - Quaterly Results8 Nov, 5:19PM Premier Energies’ arms bag orders worth Rs 560 crore4 Nov, 9:59AM Premier Energies informs about issuance of a corporate guarantees23 Oct, 9:58AM Premier Energies informs about receipt of new orders14 Oct, 12:56PM Premier Energies’ arms bag multiple orders from various customers14 Oct, 10:29AM Premier Energies’ arm enters into module supply agreement with BN Hybrid Power-19 Oct, 11:39AM Premier Energy and Infrastructure informs about voting results and scrutinizer’s report of AGM 1 Oct, 10:57AM Premier Energies bags order worth Rs 215 crore5 Sep, 2:49PM Premier Energies coming with IPO to raise Rs 2900.53 crore24 Aug, 2:35PM

Company Financials

You can get the following financial statements of Premier Energies Ltd. as of now.

Company Name

Premier Energies Ltd.

Exchange

NSE: PREMIERENE BSE: 544238

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Premier Energies Limited IPO is as:

  • The issue size of the IPO is 2830.40 Cr.
  • The price band for Premier Energies Limited IPO is Rs 427 to Rs 450.
  • The employees of the company will get a discount of Rs 22. 
  • The shares of Premier Energies Limited IPO will list on 3rd September 2024.
  • The latest tentative GMP of Premier Energies Limited IPO is Rs 330.
  • The shares of Premier Energies Limited IPO is subscribed  75.00 Times as of 29th August 2024.

 

Premier Energies Limited IPO Valuation

The approx valuation of Premier Energies Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 450
Existing Shares (Qty) 42.20 Cr
Fresh Issue 1291.40 Cr
Market Cap 20281.40 Cr
EPS (FY23) Rs 6.93
PE Ratio 64.93x

 

Premier Energies Limited IPO Issue Size

Premier Energies Limited IPO issue size is Rs 2830.40 Cr. 

Issue Amount
Fresh Issue 1291.40 Cr
Offer For Sale 1539 Cr

 

Premier Energies Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 33 shares and a maximum of 13 lots of 429 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 33 Rs 14,850
 Maximum 13 429 Rs 1,93,050

 

Premier Energies Limited IPO share offer

The shares of Premier Energies Limited IPO is subscribed 75.00 Times as of 29th August 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 212.42 Times
Non-Institutional Minimum 15% 50.98 Times
Retail Individual Minimum 35% 7.44 Times
Employee 2,33,644 Shares 11.32 Times
Total   75.00 Times

Find below the dates for Premier Energies Limited IPO:

Schedule Date
Basis of Allotment 30 August 2024
Refunds 2 September 2024
Credit to Demat Account 2 September 2024
IPO Listing Date 3 September 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024
Net Sales 721.26 1050.25
Total Expenditure 711.83 1038.89
Operating Profit 9.43 11.37
Other Income 33.17 24.54
Interest 16.39 14.97
Depreciation 8.38 11.77
Exceptional Items 0 0
Profit Before Tax 17.83 9.16
Provision for Tax 3.99 2.15
Net Profit 13.83 7.01
Adjusted EPS (Rs.) 0.04 0.02

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 26.35 26.35
Total Reserves 428.18 439.94
Borrowings 11.44 0
Other N/C liabilities 41.78 38.89
Current liabilities 271.56 333.79
Total Liabilities 779.3 838.97
Assets
Net Block 82.47 79.05
Capital WIP 0 0
Intangible WIP 0 0
Investments 307.12 345.22
Loans & Advances 28.08 29.46
Other N/C Assets 25.28 31.17
Current Assets 336.34 354.07
Total Assets 779.3 838.97
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2024
Other Income 13.1
Profit Before Tax 21.47
Tax 5.48
Profit After Tax 15.98
Adjusted EPS (Rs) 0.35

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 64.25 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024
Profit from operations 17.83 9.16
Adjustment -5.66 12.64
Changes in Assets & Liabilities -13.45 100.15
Tax Paid -7.13 -7.73
Operating Cash Flow -8.41 114.22
Investing Cash Flow -52.15 -16.97
Financing Cash Flow 8.36 -65.6
Net Cash Flow -52.2 31.65
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