Premier Energies Limited (MAINBOARD)

Aug 27, 2024 - Aug 29, 2024

Price ₹427 - ₹450
Premium ₹487
Lot size 33
Allotment Aug 30, 2024
Listing Sep 3, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 33 14850 664740
sHNI 14 462 207900 6784
bHNI 68 2244 1009800 13566

Last updated on 29-Aug-2024 19:09:03

CategoryOfferedAppliedTimes
QIBs125351122662711491212.42
HNIs940133348197925651.27
 HNIs 10+626755636349305358
 HNIs 2+313377811848620337.81
Retail219364441727854927.88
Total43872889331747623975.62
Application Wise Breakup (Approx)
CategoryReservedAppliedTimes
HNIs (10L+)1356614761310.88
HNIs (2-10L)678424213535.69
Retail66474036193825.44
Total Applications: 4063095
© IPO Premium
Subscription Demand (in ₹ crore)
CategoryOfferedDemandTimes
QIBs564.08119822.02212.42
FIIs-45843.93-
DIIs-42981.17-
Mutual funds-11403.85-
Others-15143.63-
HNIs423.0621689.0751.27
HNIs 10+282.0416357.1958
HNIs 2+141.025331.8837.81
Retail987.147775.357.88
Total1974.28149286.4375.62
QIB Interest Cost per share (7 Days)
@7%
₹128.32
@8%
₹146.66
@9%
₹164.99
@10%
₹183.32
@11%
₹201.65
@12%
₹219.99
About

IPO Details

Total Issue SizeUp to [62,897,777] Equity Shares aggreageting up to  [₹2,830.4] Cr
Face Value1/-
Fresh IssueUp to [28,697,777 ] Equity Shares aggreageting up to [1,291.40] Cr
Offer for SaleUp to [34,200,000] Equity Shares aggreageting up to [₹1,539] Cr
Issue TypeBook Built Offer
Listing AtNSE,BSE
Share holding pre issue422,065,168 Equity Shares
Share holding post issue450,762,945 Equity Shares

IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

Key Performance Indicators

KPIJun-24Mar-24Mar-23
ROE26.54%43.73%-3.18%
ROCE14.26%5.08%25.65%
RONW24.25%37.46%-3.35%
D/E1.431.882.18
EPS
(basic)
5.936.93-0.38
P/E
Pre IPO
82.09
P/E
Post IPO
25.59

Financial Statement (Restated)

PeriodJun-24Mar-24Mar-23Mar-22
Assets3,735.003,554.122,110.681,341.49
Revenue1,668.793,171.131,463.21767.03
Profit After Tax198.16231.36-13.33-14.4
Net Worth1,668.79617.61381.97393.38
Total Borrowing1,200.15822.23763.54453.29
Amount in crores

About company

Incorporated as a private limited company under the name “Premier Solar Systems Private Limited” on April 3, 1995, in Hyderabad, India, Premier Energies Limited has emerged as a key player in India's solar energy sector. As the country's second-largest integrated solar cell and module manufacturer, the company boasts an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules, showcasing its commitment to sustainability and innovation. Premier Energies' comprehensive approach spans the entire solar power value chain, including engineering, procurement, and construction (EPC) solutions, as well as the operation and maintenance of solar facilities. To meet the growing demand for renewable energy, the company is strategically investing in expanding its production capabilities, aligned with the government's ambitious energy goals. Dedicated to environmental, social, and governance (ESG) initiatives, Premier Energies actively works to minimize its carbon footprint and foster a greener future. As of June 30, 2024, the company employed 1,447 full-time employees.
Lead Manager(s)
Kotak Mahindra Capital Company Limited
J.P. Morgan India Private Limited
ICICI Securities Limited 
Strength

Integrated Manufacturing: Premier Energies excels as an integrated solar cell and module manufacturer, ensuring quality control across the entire production process.

Proven Expertise: With a long-standing track record in solar module manufacturing, the company has established itself as a reliable player in the industry.

Advanced Production: The company possesses extensive experience in solar cell line production, enabling it to meet high-demand with efficiency and precision.

Weakness

Customer Concentration: Dependence on a limited number of customers means that the loss of any key client could significantly impact the company's financial health and operations.

Product Dependency: The company's reliance on the success of just two products—solar cells and modules—makes its business vulnerable to market fluctuations and technological advancements affecting these products.

Geographical Concentration: With manufacturing facilities located solely in Telangana, India, the company faces potential risks from local and regional disruptions, which could adversely impact its operations and financial performance.

Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: pel.ipo@kfintech.com