Monolithisch India Limited IPO...
14 Jun, 2025
Premier Energies Limited IPO And Its GMP
Premier Energies Limited has 29 years of experience in the solar industry and during this time, they have grown to become India’s second-largest integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW, respectively, as of March 31, 2024. With only solar cells, they are also the second-largest domestic manufacturer in terms of annual installed capacity as of March 31, 2024.
Their business operations include:
(i) The manufacturing of solar photovoltaic (“PV”) cells.
(ii) The manufacturing of solar modules including custom-made panels for specific applications.
(iii) The execution of EPC projects.
(iv) Independent power production.
(v) O&M services concerning EPC projects executed by our Company.
(vi) The sale of other solar-related products.
Total Issue Size: ₹2,830.40 crores
• Fresh Issue: 2.87 crore shares, totalling ₹1,291.40 crores
• Offer for Sale (OFS): 3.42 crore shares, totalling ₹1,539.00 crores
Subscription Dates: Opens on August 27, 2024, and closes on August 29, 2024.
Price Band: ₹427 to ₹450 per share.
Minimum Lot Size: 33 shares.
Book Running Lead Managers:
• Kotak Mahindra Capital Company Limited
• J.P. Morgan India Private Limited
• ICICI Securities Limited
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Premier Energies Limited IPO And Its GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-02 | 450 | 485.0 (108%) | 2024-09-02 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Premier Energies Limited IPO And Its GMP Details
| Detail | Description |
|---|---|
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹427 to ₹450 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 62,897,777 shares (aggregating up to ₹2,830.40 Cr) |
| Fresh Issue | 28,697,777 shares (aggregating up to ₹1,291.40 Cr) |
| Offer for Sale | 34,200,000 shares of ₹10 (aggregating up to ₹1,539.00 Cr) |
| Employee Discount | Rs 22 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 422,065,168 |
| Shareholding post issue | 450,762,945 |
Premier Energies Limited IPO And Its GMP Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, August 27, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Premier Energies Limited IPO And Its GMP Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,850 |
| Retail (Max) | 13 | 429 | ₹193,050 |
| S-HNI (Min) | 14 | 462 | ₹207,900 |
| S-HNI (Max) | 67 | 2,211 | ₹994,950 |
| B-HNI (Min) | 68 | 2,244 | ₹1,009,800 |
Premier Energies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Premier Energies Limited IPO And Its GMP Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 72.22% | 66.03% |
Competitive Strength:
- -
Premier Energies Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 3,735.5 | 1,668.79 | 198.16 | 26.96 | 1,200.16 | |||||||||||||||||||||||||||||||||||
| 21 Mar 2024 | 3,554.13 | 3,171.31 | 231.36 | 36.49 | 1,392.24 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 2,110.69 | 1,463.21 | -13.34 | -0.24 | 763.54 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 1,341.49 | 3,735.5 | -14.41 | -0.51 | 453.3 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 43.73% |
| ROCE | 25.65% |
| Debt/Equity | 1.86 |
| RoNW | 37.46% |
| P/BV | 30.76 |
| PAT Margin (%) | 7.3 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.48 | 17.58 |
| P/E (x) | 82.09 | 25.59 |
Objectives of Premier Energies IPO
-
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 objectives:
- • 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”).
- • General Corporate Purpose.
Dindigul Farm Product IPO Review
The company is engaged in the business of manufacturing and marketing cotton yarns of various counts. It posted growth in the top lines for the reported periods but marked inconsistency in its bottom lines. Based on FY24 super earnings, the issue appears to be aggressively priced. The offer document has many anomalies and missing information. There is no harm in skipping this “High Risk/Low Return” bet.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
What is the Premier Energies IPO?
Premier Energies IPO is a main-board IPO. The company is going to raise ₹₹2,830.40 Crores via IPO. The issue is priced at ₹427 to ₹450 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the Premier Energies IPO open for subscription?
The IPO is to open on August 27, 2024, for QIB, NII and Retail Investors. The IPO will close on August 29, 2024.
-
What is Premier Energies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15% and Retail is 35%.
-
What is Premier Energies Issue Size?
Premier Energies' issue size is ₹2,830.40 crores.
-
What is Premier Energies IPO Price Band?
Premier Energies IPO Price Band is ₹427 to ₹450.
-
What is Premier Energies IPO Lot Size?
The minimum bid is 33 Shares with ₹14,850.
