Premier Energies IPO Details: Premier Energies IPO is set to open on August 27, 2024, and will close on August 29, 2024. This IPO is structured as a book-built issue, aiming to raise approximately ₹2,830.40 crores. The offering includes a fresh issue worth ₹1,291.40 crores and an offer for sale of up to 34,200,000 equity shares, each with a face value of ₹1.
The IPO price band is set between ₹427 and ₹450 per share. The allocation for retail investors is 35%, while Qualified Institutional Buyers (QIB) and High Net-worth Individuals (HNI) are allocated 50% and 15%, respectively. Premier Energies is expected to list on both NSE and BSE on September 3, 2024, with the allotment date being August 30, 2024.
In terms of financial performance, Premier Energies reported a revenue of ₹3,171.31 crores in 2024, a significant increase from ₹1,463.21 crores in 2023. The company also posted a profit of ₹231.36 crores in 2024, compared to a loss of ₹13.34 crores in the previous year. Given these financials, the IPO appears to be a promising long-term investment.
Premier Energies IPO Objectives:
The company proposes to utilize the net proceeds, being the gross proceeds of the Fresh Issue less the Offer related expenses (“Net Proceeds”), towards funding the following objects (collectively, the “Objects”):
- Investment in the 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”); and
- General corporate purposes
Premier Energies IPO Review (Apply or Not)
- Update soon
Premier Energies IPO Date & Price Band Details:
| 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 ₹1291.40 Crores |
| Offer for Sale: | Approx 34,200,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹22 per share |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Premier Energies IPO Lot Size:
The minimum market lot for the Premier Energies IPO is 33 shares, requiring an application amount of ₹14,850. Retail investors have the option to apply for up to 13 lots, which totals 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 Timeline:
The Premier Energies IPO is set to open on August 27 and will close on August 29. The allotment of shares will be finalized on August 30, and the IPO is expected to list on September 3.
| 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 |
Premier Energies IPO GMP Today:
The last recorded Grey Market Premium (GMP) for the Premier Energies IPO is ₹250. With a price band capped at ₹450, the estimated listing price is projected to be around ₹700 (cap price + today’s GMP). This suggests an expected gain of approximately 55.56% per share.
Premier Energies Company Financial Report
The company reported revenue of ₹3171.31 crores in 2024 against ₹1463.21 crores in 2023. The company reported a profit of ₹231.36 crores in 2024 against a loss of ₹13.34 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹767.03 | ₹783.90 | ₹14.41 | ₹1,341.49 |
| 2023 | ₹1463.21 | ₹1472.19 | ₹13.34 | ₹2,110.69 |
| 2024 | ₹3171.31 | ₹2883.26 | ₹231.36 | ₹3,554.13 |
| June 2024 | ₹1668.79 | ₹1423.72 | ₹198.16 | ₹3,735.50 |
Premier Energies IPO Valuation – FY2024
Check Premier Energies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Premier Energies | 6.93 | NA | 37.46 | 14.63 | 3,171 Cr. |
| Websol Energy System | (29.99) | NA | NA | NA | 27 Cr. |
Premier Energies IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: pel.ipo@kfintech.com
Website: https://ris.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- ICICI Securities Limited
Company Address
Premier Energies Limited
Plot No. 8/B/1 and 8/B/2,
E- City, Maheshwaram Mandal Raviryala Village,
K.V. Rangareddy 501 359,
Telangana, India
Phone: +91 90 3099 4222;
Email: investors@premierenergies.com;
Website: www.premierenergies.com
Premier Energies IPO FAQs
1. What are the Premier Energies IPO open and close dates?- The Premier Energies IPO will open on August 27, 2024, and close on August 29, 2024.
2. What is the Premier Energies IPO price band?
- The price band for the Premier Energies IPO is set between ₹427 and ₹450 per share.
3. What is the lot size for the Premier Energies IPO?
- The minimum market lot for the Premier Energies IPO is 33 shares, with an application amount of ₹14,850.
4. How much can retail investors apply for in the Premier Energies IPO?
- Retail investors can apply for up to 13 lots, which equals 429 shares or an investment of ₹193,050.
5. When will the allotment of shares be finalized?
- The allotment of shares for the Premier Energies IPO will be finalized on August 30, 2024.
6. When is the Premier Energies IPO expected to list?
- The Premier Energies IPO is expected to list on September 3, 2024.
7. What is the estimated listing price for the Premier Energies IPO?
- Based on the last recorded Grey Market Premium (GMP) of ₹250, the estimated listing price is around ₹700.
8. What is the expected percentage gain or loss on the Premier Energies IPO?
- The expected gain per share is approximately 55.56%, based on the current GMP and the upper price band.
9. How much is Premier Energies aiming to raise through this IPO?
- Premier Energies plans to raise approximately ₹2,830.40 crores through this IPO, including a fresh issue of ₹1,291.40 crores and an offer for sale of up to 34,200,000 equity shares.
10. On which stock exchanges will Premier Energies be listed?
- Premier Energies will be listed on both the NSE and BSE.
11. How did Premier Energies perform financially in the recent years?
- Premier Energies reported a revenue of ₹3,171.31 crores in 2024, up from ₹1,463.21 crores in 2023. The company posted a profit of ₹231.36 crores in 2024, compared to a loss of ₹13.34 crores in 2023.
12. Is the Premier Energies IPO a good long-term investment?
Based on the company’s strong financial performance, the Premier Energies IPO appears to be a promising long-term investment opportunity.
