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Bidding Date
27-Aug-2024 to
29-Aug-2024
Issue Size
₹2830.4 Cr
Price Band
₹427 to ₹450
Allotment date
30-Aug-2024
Listing date
03-Sep-2024
Lot size
33
No. of shares
6,28,97,778
Fresh issue/OFS
₹1291.4 Cr/₹1539 Cr
Founded in 1995, Premier Energies Ltd is headquartered in Hyderabad, Telangana, India. The company is a leading integrated manufacturer in the solar industry, specializing in solar photovoltaic (PV) cells and modules. It operates across several facets of the solar sector, including the production of advanced solar cells, custom solar modules, and a range of solar-related products. The company is also involved in engineering, procurement, and construction (EPC) projects, providing comprehensive solar solutions, and offers operations and maintenance (O&M) services. The company owns five manufacturing facilities in Hyderabad with a combined annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules. The company's key customers include major IPPs, OEMs, and off-grid operators such as NTPC, TATA Power Solar Systems, Panasonic, and several others.
Read our in-depth analysis of the Premier Energies Ltd IPO Here 
Category
Status
QIBs
216.7x
NIIs
49.6x
Retail
7.1x
Others
10.4x
Total
74x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Premier Energies is ₹2,830.40 Cr.
Premier Energies falls into Utilities industry.
The Premier Energies IPO will be listed on both NSE and BSE.
The open and close dates for the Premier Energies are 27-Aug-2024 & 29-Aug-2024.
The price band for the Premier Energies ipo is ₹427 to ₹450
The listing date of Premier Energies IPO is 03-Sep-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Premier Energies total subscription ratio is 74X.
Key financial of the Premier Energies are:
| Premier Energies | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 3143.79 | 1428.53 | 742.87 |
| EBIT (₹ Cr) | 381.71 | 24.97 | 1.98 |
| Proft after Tax (₹ Cr) | 231.36 | -13.34 | -14.41 |
| Debt (₹ Cr) | 1392.24 | 764.34 | 454.09 |
| Net Worth (₹ Cr) | 659.89 | 424.25 | 403.94 |
| RoE (%) | 35.06 | -3.14 | -3.57 |
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