Premier Energies IPO

Premier Energies Ltd

₹14,091 /33 sharesMinimum Investment

Premier Energies IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹450.00₹990.00₹540.00 (120.00%)

Premier Energies IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
27 Aug ‘24 - 29 Aug ‘24₹14,09133₹427 - ₹450
Issue SizeIPO Doc
2830.40Cr
RHP PDF

Subscription rate

As of 29 Aug'24, 05:00 PM
Qualified Institutional Buyers216.67x
Non-Institutional Investor49.44x
Retail Individual Investor6.88x
Employees10.09x
Total73.83x

About Premier Energies

Premier Energies is a manufacturer of solar cells and modules, with its core operations centred around the production of solar photovoltaic (PV) cells, specifically bifacial monocrystalline PERC cells using the M10 wafer size in a 182mm x 182mm format which could be assembled into solar modules. The company also produces solar modules, including monocrystalline PERC and TOPCon. These modules are available in different cell sizes, quantities, power outputs, and configurations, both monofacial and bifacial. In addition to manufacturing, Premier Energies engages in the sale of customisable and ad-hoc solar products, the execution of engineering, procurement, and construction (EPC) projects, and the provision of operations and maintenance (O&M) services. The company operates five manufacturing facilities, all located in Hyderabad, Telangana, India, on properties that it owns.;
Founded in
1995
Managing director
Mr. Chiranjeev Singh Saluja
Parent organisation
Premier Energies Ltd

Strengths & Financials of Premier Energies

Strengths
Risks
The company has experienced a consistent increase in revenue from operations, rising from Rs 742.87 crore in FY22 to Rs 1,428.53 crore in FY23, and further to Rs 3,143.79 crore in FY24.
Premier Energies' client base includes independent power producers (IPPs), original equipment manufacturers (OEMs), and off-grid operators. Notable clients include NTPC, Tata Power Solar Systems, Panasonic Life Solutions, Continuum, Shakti Pumps, First Energy, Bluepine Energies, Luminous, Hartek Solar, Green Infra Wind Energy, Madhav Infra Projects, SolarSquare Energy, and Axitec Energy India.
The company implements various environmental, social, and governance (ESG) initiatives to reduce its carbon footprint. Premier Energies uses a zero liquid discharge system that recycles 100% of the water used in manufacturing, with 91% of this water being reused and the remainder evaporating.
The company's integrated structure and backward integration strategy have facilitated market access for domestically consumed renewable (DCR) solar modules and also supported revenue streams from international markets, particularly the United States.
Domestically, Premier Energies serves customers across 23 states and Union Territories in India.

Premier Energies Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Premier Energies IPO

Apply asPrice bandApply upto
Regular427 - 450₹2 Lakh
Employee405 - 428₹2 Lakh
High Networth Individual427 - 450₹2 - 5 Lakh
For Premier Energies IPO, eligible investors can apply as Regular & Employee.
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