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IPO Status: Listed [27th Aug 2024 to 29th Aug 2024]
Premier Energies IPO, a Mainline IPO of ₹2830.40 Cr was launced on 27-08-2024 to 29-08-2024 and the shares got listed on BSE, NSE on 03-09-2024.
The public issue of Premier Energies IPO (PREMIERENE,544238) was offered at ₹450.00 per share and the ipo was listed at ₹990.00. It has delivered listing gain of 120.00%.
As the minimum lot size was 33 shares, the IPO has offered Rs 17820.00 per lot return on listing.
| IPO Issue Opening Date: | 27th Aug 2024 |
| IPO Issue Closing Date: | 29th Aug 2024 |
| IPO Issue Price: | ₹427.00-450.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹2830.40 Cr |
| Offer for Sale: | ₹1539.00 Cr |
| Fresh Issue: | ₹1291.40 Cr |
| Face Value: | ₹1 Per Equity Share |
| IPO Discount: | Emplopee:22.00 |
| Promoter Holding Pre IPO: | 72.22% |
| Promoter Holding Post IPO: | 66.03% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544238 |
| NSE Code: | PREMIERENE |
Get important updates regarding Premier Energies IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 30th Aug 2024 |
| Refunds Initiation* | 2nd Sep 2024 |
| Credit of Shares to Demat* | 2nd Sep 2024 |
| IPO Listing Date* | 3rd Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹427.00-450.00 |
| Market Lot: | 33 Shares |
| 1 Lot Amount: | ₹14850 |
| Min Small HNI Lots(2-10 Lakh): | 462 shares (14 lots) - ₹207900 |
| Min Big HNI Lots(10+ Lakh): | 2244 shares (68 lots) - ₹1009800 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-09-2024 | 450.00 | 487 | 12200/170800 | ₹937 (108.22%) | 3-Sep-2024 10:26 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Premier Energies Limited was founded in April 1995. The company is primarily an integrated manufacturer of solar cells and solar modules with 29 years of experience. The manufacture of photovoltaic solar cells (“PV”), in particular bifacial monocrystalline PERC cells with wafer size M10 in 182mm x 182mm format, which can be assembled into solar modules.
The production of solar modules with various module technologies such as monocrystalline PERCon and TOPC cells, cell sizes and quantities, power ranges and formats such as monofacial and bifacial. The company also manufactures customised modules for special applications.
The company has five manufacturing facilities, all located on its own premises in Hyderabad, Telangana, India. At the time of publication of this Red Herring Prospectus, the production facilities have a total annual capacity of 2 GW for solar cells and 4.13 GW for solar modules.
The company has taken steps such as ordering the required equipment and machinery to increase its annual installed capacity for solar cells by commissioning a 1,000 MW TOPCon solar cell line in Unit II. The company has secured funding for this additional cell line from IREDA, which has estimated the project cost at ₹6.694 million.
| Incorporation | Sector | IPO Issue Size | Website |
| 1995 | Other Electrical Equipment | ₹2830.40 Cr | https://www.premierenergies.com/ |
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 objects (collectively, the “Objects”):
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 12,535,111 (28.42%) | 9,401,333 (21.32%) | 21,936,444 (49.74%) | 233,644 | 44,106,533 | |
| 1 | 27th Aug 2024 19:04 | 0.04x | 5.53x | 1.91x | 0.00x | 2.16x |
| 2 | 28th Aug 2024 19:04 | 1.37x | 19.35x | 4.37x | 7.11x | 6.72x |
| 3 | 29th Aug 2024 18:21 | 212.42x | 50.98x | 7.44x | 11.32x | 75.00x |
| Period Ended | 30 Jun 2024 | 21 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,735.50 | 3,554.13 | 2,110.69 | 1,341.49 |
| Revenue | 1,668.79 | 3,171.31 | 1,463.21 | 767.03 |
| Profit After Tax | 198.16 | 231.36 | -13.34 | -14.41 |
| Net Worth | 26.96 | 36.49 | -0.24 | -0.51 |
| Reserves and Surplus | 255.73 | 455.76 | 224.40 | 209.20 |
| Total Borrowing | 1,200.16 | 1,392.24 | 763.54 | 453.30 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Premier Energies Limited | 6.93 | 5.48 | 14.63 | 37.46 | Consolidated | |
| Websol Energy System Ltd. | -29.99 | -29.99 | Consolidated |
Last Updated on 07-Sep-2024 07:03:19
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Premier Energies IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Premier Energies IPO with Zerodha.
Alternate approch to apply in Premier Energies IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Premier Energies IPO Review and Important Updates
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To subscribe or apply in Premier Energies IPO, you can use the following methods:
| Premier Energies IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Premier Energies IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Premier Energies IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Premier Energies IPO. Most of the Syndicate Banks provide access to apply in Premier Energies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Premier Energies IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Premier Energies IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Premier Energies IPO Review and Important Updates
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Applying in Premier Energies IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Premier Energies IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Premier Energies IPO, please refer article >> Link
Premier Energies IPO Review and Important Updates
Steps to download the online application form for Premier Energies IPO
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Premier Energies IPO is going to be list on 03-09-2024. NSE Code for Premier Energies is PREMIERENE. BSE Code for Premier Energies is 544238.
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Premier Energies IPO Allotment Date is 30-08-2024.
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Premier Energies IPO share allotment date?Premier Energies IPO allotment date?
