₹ 14850
₹427- ₹450
33
₹990
120
29 Aug 2024
Download2 Sep 2024
3 Sep 2024
Application Details
Premier Energies is launching its Initial Public Offering (IPO) from August 27, 2024, to August 29, 2024, with a listing date set for Tuesday, September 3, 2024. The IPO has a face value of ₹1 per share and a price band ranging from ₹427 to ₹450 per share. Investors can bid for a lot size of 33 shares. The total issue size is 62,897,777 shares, aggregating up to ₹2,830.40 crore. This includes a fresh issue of 28,697,777 shares, amounting to ₹1,291.40 crore, and an offer for sale of 34,200,000 shares, totaling ₹1,539 crore. An employee discount of ₹22 per share is also available. The IPO will be a Book Built Issue and will be listed on both the BSE and NSE.
The IPO timetable includes important dates such as the Basis of Allotment on August 30, 2024, the initiation of refunds on September 2, 2024, and the credit of shares to Demat accounts also on September 2, 2024. The deadline for UPI mandate confirmation is 5 PM on August 29, 2024. Retail investors can apply with a minimum bid of 33 shares, equating to an investment of ₹14,850. The maximum for retail investors is 13 lots, or 429 shares, amounting to ₹1,93,050.
About Premier Energies Limited
Company Overview
Incorporated in April 1995 as “Premier Solar Systems Pvt. Ltd” in Andhra Pradesh, Premier Energies Limited has grown to become India’s second-largest integrated solar cell and solar module manufacturer. The company underwent a name change to “Premier Energies Ltd” in September 2019 following its conversion to a public limited company. With over 29 years of experience in the solar industry, Premier Energies is a significant player in the sector, offering a range of solar products and services.
Product Portfolio, Services, and Order Book
Premier Energies’ product offerings include solar cells, solar modules, and custom-made panels for specific applications. The company provides Engineering, Procurement, and Construction (EPC) solutions and Operations & Maintenance (O&M) services related to its executed' EPC projects. Additionally, the company operates as an independent power producer and offers various solar-related products.
As of July 31, 2024, the company had an order book totalling ₹5,926.56 crore. This includes ₹1,609.11 crore for non-DCR solar modules, ₹2,214.06 crore for DCR solar modules, ₹1,891.12 crore for solar cells, and ₹212.72 crore for EPC projects. This strong order book underscores Premier Energies’ robust position in the solar manufacturing industry.
Market Presence and Export
Premier Energies has a diverse customer base, serving several Independent Power Producers (IPPs), Original Equipment Manufacturers (OEMs), and off-grid operators. The company’s clients include NTPC, TATA Power Solar Systems, Panasonic Life Solutions, and others. The company has also made significant strides in the export market, becoming the largest solar cell exporter to the United States in FY2024, with exports worth US$ 31.2 million.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.