Premier Energies Limited (MAINBOARD)
Aug 27, 2024 - Aug 29, 2024
| Price | ₹427 - ₹450 |
| Premium | ₹487 |
|---|---|
| Lot size | 33 |
| Allotment | Aug 30, 2024 |
| Listing | Sep 3, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 33 | 14850 | 664740 |
| sHNI | 14 | 462 | 207900 | 6784 |
| bHNI | 68 | 2244 | 1009800 | 13566 |
Last updated on 29-Aug-2024 19:09:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 12535112 | 2662711491 | 212.42 |
| HNIs | 9401333 | 481979256 | 51.27 |
| HNIs 10+ | 6267556 | 363493053 | 58 |
| HNIs 2+ | 3133778 | 118486203 | 37.81 |
| Retail | 21936444 | 172785492 | 7.88 |
| Total | 43872889 | 3317476239 | 75.62 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 13566 | 147613 | 10.88 |
| HNIs (2-10L) | 6784 | 242135 | 35.69 |
| Retail | 664740 | 3619382 | 5.44 |
| Total Applications: 4063095 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 564.08 | 119822.02 | 212.42 |
| FIIs | - | 45843.93 | - |
| DIIs | - | 42981.17 | - |
| Mutual funds | - | 11403.85 | - |
| Others | - | 15143.63 | - |
| HNIs | 423.06 | 21689.07 | 51.27 |
| HNIs 10+ | 282.04 | 16357.19 | 58 |
| HNIs 2+ | 141.02 | 5331.88 | 37.81 |
| Retail | 987.14 | 7775.35 | 7.88 |
| Total | 1974.28 | 149286.43 | 75.62 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹128.32 | @8% ₹146.66 | @9% ₹164.99 | @10% ₹183.32 | @11% ₹201.65 | @12% ₹219.99 |
About
IPO Details
| Total Issue Size | Up to [62,897,777] Equity Shares aggreageting up to [₹2,830.4] Cr |
| Face Value | 1/- |
| Fresh Issue | Up to [28,697,777 ] Equity Shares aggreageting up to [1,291.40] Cr |
| Offer for Sale | Up to [34,200,000] Equity Shares aggreageting up to [₹1,539] Cr |
| Issue Type | Book Built Offer |
| Listing At | NSE,BSE |
| Share holding pre issue | 422,065,168 Equity Shares |
| Share holding post issue | 450,762,945 Equity Shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicators
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 26.54% | 43.73% | -3.18% |
| ROCE | 14.26% | 5.08% | 25.65% |
| RONW | 24.25% | 37.46% | -3.35% |
| D/E | 1.43 | 1.88 | 2.18 |
| EPS (basic) | 5.93 | 6.93 | -0.38 |
| P/E Pre IPO | 82.09 | ||
| P/E Post IPO | 25.59 |
Financial Statement (Restated)
| Period | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 3,735.00 | 3,554.12 | 2,110.68 | 1,341.49 |
| Revenue | 1,668.79 | 3,171.13 | 1,463.21 | 767.03 |
| Profit After Tax | 198.16 | 231.36 | -13.33 | -14.4 |
| Net Worth | 1,668.79 | 617.61 | 381.97 | 393.38 |
| Total Borrowing | 1,200.15 | 822.23 | 763.54 | 453.29 |
| Amount in crores | ||||
About company
Incorporated as a private limited company under the name “Premier Solar Systems Private Limited” on April 3, 1995, in Hyderabad, India, Premier Energies Limited has emerged as a key player in India's solar energy sector. As the country's second-largest integrated solar cell and module manufacturer, the company boasts an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules, showcasing its commitment to sustainability and innovation. Premier Energies' comprehensive approach spans the entire solar power value chain, including engineering, procurement, and construction (EPC) solutions, as well as the operation and maintenance of solar facilities. To meet the growing demand for renewable energy, the company is strategically investing in expanding its production capabilities, aligned with the government's ambitious energy goals. Dedicated to environmental, social, and governance (ESG) initiatives, Premier Energies actively works to minimize its carbon footprint and foster a greener future. As of June 30, 2024, the company employed 1,447 full-time employees.
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