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PREMIER ENERGIES IPO

14,850
Minimum Investment

Price Range (₹)

Rs. 427 –Rs. 450

Issue Size (₹ in Cr.)

Up to 2830.4 Cr

Minimum Quantity

33 Shares

Bidding Period

Aug 27 – Aug 29, 2024
  Prospectus Document: Download Now

Premier Energies IPO Issue timeline

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About the Premier Energies IPO

-  Premier Energies Ltd. is the India’s second largest integrated solar cell and solar module manufacturer and has 29 years of experience in the solar industry
-  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 with respect to EPC projects executed by our Company and (vi) the sale of other solar-related products.
-  Premier Energies is one of the first companies in India to manufacture solar cells at scale through the introduction of a solar cell line

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Strengths

Has a long track record in the solar module manufacturing sector

Through their long track record in the solar module manufacturing industry, they have been able to build up recognition for their brand and have established their credentials. They are also an OEM provider for several business-to-consumer companies such as Panasonic, Luminous and Axitec, among others.  (Source: Company DRHP)

They have diversified customer base with strong customer relationships both within India and overseas

Their aggregate annual installed capacity and market position enables them to offer competitive pricing for their products, which in turn facilitates access to a large and diversified customer base, both domestic and global. Their domestic customers are located and operate in 23 states and union territories in India. (Source: Company DRHP)

Has an experienced Promoter-led senior management team

They are led by their promoters comprising their Chairman and Whole-Time Director, Surender Pal Singh Saluja and their Managing Director, Chiranjeev Singh Saluja, who have a combined experience of approximately 29 years in the solar industry. (Source: Company DRHP)

Risks

Expansion plans and exports may be dependent on the policies passed by the governments of export countries

They export products to various international markets including North America, Asia, the Middle East and North Africa region and certain countries in Europe. Their export markets are subject to inherent risks which could have an adverse effect on business, results of operations and prospects(Source: Company DRHP)

There are outstanding litigation proceedings involving the company, subsidiaries and directors

There are outstanding legal proceedings involving the company, Subsidiaries, and Directors, which are pending at various levels of adjudication before various courts, tribunals and other authorities. There can be no assurance that these legal proceedings will be decided in their favor or in favor of their Subsidiaries and Directors.(Source: Company DRHP)

Financials

  • Net Worth
  • Total Borrowings
  • Profit for the period
  • Earnings Per Share

Industry Trends

 

  • Global installed power generation capacity is expected to grow four folds by CY2050
  • India is the third largest power producer and consumer globally
  • Solar has the lowest tariff rates across fuel sources in India
  • Solar energy is a core pillar of India’s low carbon development strategy
  • India’s solar installed capacity has grown three times in the past five years

Subscription Status

Shareholder
Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Employee
Overall

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    Fill in the required details

    Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

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    Confirm your request

    Click on proceed to confirm the order. You can view the placed order under “order book”.

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  • lock-in of 3 years
    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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Premier Energies IPO FAQs

The lot size is 33 shares and minimum investment required is Rs.14,850 for Premier Energies IPO

Premier Energies IPO is mainboard IPO of issue size up to Rs.2830.40 Crores

Premier Energies IPO issue dates are from 27th – 29th Aug, 2024.

The allotment date is 30th Aug, 2024 and listing date is 3rd Sep, 2024 for Premier Energies IPO.

Head to IPO section on ICICI Direct website and select Premier Energies IPO. Enter and submit bid details and then click on proceed to apply once details are verified. It’s that simple!!

The price band of Premier Energies IPO is Rs.427 – Rs.450.

The book runners for the Premier Energies IPO are Kotak Mahindra Capital Company Ltd, ICICI Securities Ltd, J.P. Morgan India Pvt Ltd

The objective of Premier Energies IPO is

  1. Investment in our Subsidiary, Premier Energies Global Environment Private Limited
  2. General corporate purposes 

No, you cannot submit for more than one application with a single PAN in Premier Energies IPO

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