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
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 12535112 | 2662711491 | 212.42 |
| HNIs | 9401333 | 481979256 | 51.27 |
| HNIs 10+ | 6267556 | 363493053 | 58 |
| HNIs 2+ | 3133778 | 118486203 | 37.81 |
| Retail | 21936444 | 172785492 | 7.88 |
| Total | 43872889 | 3317476239 | 75.62 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 13566 | 147613 | 10.88 |
| HNIs (2-10L) | 6784 | 242135 | 35.69 |
| Retail | 664740 | 3619382 | 5.44 |
| Total Applications: 4063095 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 564.08 | 119822.02 | 212.42 |
| FIIs | - | 45843.93 | - |
| DIIs | - | 42981.17 | - |
| Mutual funds | - | 11403.85 | - |
| Others | - | 15143.63 | - |
| HNIs | 423.06 | 21689.07 | 51.27 |
| HNIs 10+ | 282.04 | 16357.19 | 58 |
| HNIs 2+ | 141.02 | 5331.88 | 37.81 |
| Retail | 987.14 | 7775.35 | 7.88 |
| Total | 1974.28 | 149286.43 | 75.62 |
| 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 |
IPO Details
| Total Issue Size | Up to [62,897,777] Equity Shares aggreageting up to [₹2,830.4] Cr |
| Face Value | 1/- |
| Fresh Issue | Up to [28,697,777 ] Equity Shares aggreageting up to [1,291.40] Cr |
| Offer for Sale | Up to [34,200,000] Equity Shares aggreageting up to [₹1,539] Cr |
| Issue Type | Book Built Offer |
| Listing At | NSE,BSE |
| Share holding pre issue | 422,065,168 Equity Shares |
| Share holding post issue | 450,762,945 Equity Shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicators
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 26.54% | 43.73% | -3.18% |
| ROCE | 14.26% | 5.08% | 25.65% |
| RONW | 24.25% | 37.46% | -3.35% |
| D/E | 1.43 | 1.88 | 2.18 |
| EPS (basic) | 5.93 | 6.93 | -0.38 |
| P/E Pre IPO | 82.09 | ||
| P/E Post IPO | 25.59 |
Financial Statement (Restated)
| Period | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 3,735.00 | 3,554.12 | 2,110.68 | 1,341.49 |
| Revenue | 1,668.79 | 3,171.13 | 1,463.21 | 767.03 |
| Profit After Tax | 198.16 | 231.36 | -13.33 | -14.4 |
| Net Worth | 1,668.79 | 617.61 | 381.97 | 393.38 |
| Total Borrowing | 1,200.15 | 822.23 | 763.54 | 453.29 |
| Amount in crores | ||||
About company
J.P. Morgan India Private Limited
ICICI Securities Limited
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.
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.