Premier Energies IPO Details
| IPO Size | 2,830.40 |
| Price Range | ₹427 - ₹450 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | ₹22 per share |
| Listing at | NSE and BSE |
| Minimum Quantity | 33 |
| Investment (cut-off price) | ₹14,850 |
| Pre IPO Promotor Holding | 72.22% |
| Post IPO Promotor Holding | 66.03% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Premier Energies IPO Timelines
27/08/2024
Start Date29/08/2024
End Date02/09/2024
Refund Initiation02/09/2024
Credit of Shares to Demat Ac03/09/2024
Listing DatePremier Energies IPO Lot Size
| 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 | 2244 | ₹1,009,800 |
Premier Energies IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 212.42 x | 50.86 x | 7.31 x | 11.07 x | 74.90 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹990 | ₹839.90 | ₹994.55 | ₹802.10 |
Premier Energies IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹767.03 | ₹783.90 | -₹14.41 |
| FY 2022 | ₹1463.21 | ₹1472.19 | -₹13.34 |
| FY 2023 | ₹3171.31 | ₹2883.26 | ₹231.36 |
| FY 2024 (3M) | ₹1668.79 | ₹1423.72 | ₹198.16 |
About Company
Incorporated in April 1995, Premier Energies Limited is a leading manufacturer of integrated solar cells and solar panels. The company’s diverse product portfolio includes solar cells, monofacial and bifacial solar modules, as well as comprehensive EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) solutions. Headquartered in Hyderabad, Telangana, India, Premier Energies operates five state-of-the-art manufacturing units within the region.
Premier Energies serves a wide array of prestigious clients, including NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited, Continuum, Shakti Pumps, and First Energy, among others. The company’s robust order book, as of July 31, 2024, stands at ₹59,265.65 million, comprising orders for non-DCR solar modules, DCR solar modules, solar cells, and EPC projects.
Premier Energies has established a significant global presence, exporting its products to countries such as the United States, Hong Kong, South Africa, Bangladesh, and several others across Europe, Asia, and Africa. As of June 2024, the company employed 1,447 individuals and engaged 3,278 contract labourers, reinforcing its position as a key player in the renewable energy sector.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1995 | Electricals | Chiranjeev Saluja |
Know Before Investing
Premier Energies IPO Strengths
- Second largest integrated solar cell and module producer in India.
- Annual installed capacity of 2 GW solar cells, 4.13 GW modules.
- Exported 312.22 MW solar cells globally in Fiscal 2024.
- As of July 31, 2024, ₹59,265.65 million in orders.
- Transitioning to 1,000 MW TOPCon solar cell technology by Fiscal 2025.
- Promoter-led team with 29 years of industry expertise.
Premier Energies IPO Risks
- Reliant on top 10 customers for 67.03% of revenue.
- Business depends heavily on solar cells and modules.
- All five manufacturing units are concentrated in Hyderabad, Telangana.
- Incurred losses of ₹(144.08) million in Fiscal 2022.
- Experienced negative cash flow of ₹(410.48) million in June 2024.
- Faces stiff competition from Indian and Southeast Asian manufacturers.
Swot Analysis for Premier Energies IPO
Strengths
Diversified Order book, High entry barrier in cell manufacturing
Weaknesses
Contingent liability, Import dependence on China
Opportunities
China+1, Technology advancement
Threats
Highly competitive market, Capital intensive, Tariff regulation
Company Details
Premier Energies Limited
Plot No. 8/B/1 and 8/B/2, E- City
Maheshwaram Mandal, Raviryala Village
K.V. Rangareddy-501359
Phone: + 91 90 3099 422
Email: [email protected]
Website: https://www.premierenergies.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Premier Energies IPO are:
- Investment in the company’s subsidiary, Premier Energies Global Environment Private Limited, 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
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, ICICI Securities Limited are the book-running lead managers for the Premier Energies IPO.