Premier Energies Ltd IPO

Premier Energies Ltd IPO

Capital Goods - Electrical Equipment

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Bidding period

27 Aug 2024 - 29 Aug 2024

Bid price

₹450.00 - ₹450.00

Listing on

BSE, NSE

Listing date

03 Sep 2024

Lot size

33 shares

Issue size

₹2,830.40 crore


Minimum investment

₹14,850.00 / 1 lot

Maximum investment

₹1,93,050.00 / 13 lot

Bidding closed on 29 Aug 2024

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Premier Energies Ltd IPO dates

IPO opening date

27 Aug 2024

IPO end date

29 Aug 2024

Allotment date

30 Aug 2024

Initiation of refunds

02 Sep 2024

Credit of shares to demat

02 Sep 2024

IPO listing date

03 Sep 2024

Premier Energies Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹3,554.12
Total liabilities ₹3,554.12
Total expenditure ₹2,883.26
Total revenue ₹3,171.31
Profit after tax ₹231.36
EBITDA ₹506.64
Adjusted EBITDA ₹0.00

Premier Energies Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 72.22 0.0
Public group 27.78 0.0

Premier Energies Ltd strengths and risks

Information currently unavailable

  • The Company is an integrated solar cell and solar module manufacturer.

  • The Company has a long track record in the solar module manufacturing sector.

  • The Company is experienced in solar cell line production.

  • The Company has a diversified customer base with customer relationships both within India and overseas with a robust order book.

  • The Company has an experienced Promoter-led senior management team.

  • Its revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

  • The business and prospects of the Company is dependent on the success of two products namely, solar cells and modules, and therefore their continued success is necessary for its business and prospects.

  • Its manufacturing facilities are located in the state of Telangana, India, which exposes its operations to potential geographical concentration risks arising from local and regional factors which may adversely affect its operations and in turn its business, results of operations and cash flows.

  • The company incurred losses of Rs.(144.08) million and Rs.(133.36) million in Fiscals 2022 and 2023, respectively, and any similar losses in the future may adversely affect its business, financial condition and cash flows.

  • Most of its Subsidiaries have incurred losses at some point in the last three Fiscals and the three months ended June 30, 2024, and any similar losses in the future may adversely affect its business, financial condition and cash flows. This includes Premier Energies Global Environment Private Limited, the Subsidiary to which the Net Proceeds will be applied.

  • The company had negative cash flows of Rs(155.29) million in Fiscal 2023 and Rs.(410.48) million in the three months ended June 30, 2024 and may continue to have negative cash flows in the future.

  • Under-utilization of its manufacturing capacities and an inability to effectively utilize its expanded and proposed manufacturing capacities could have an adverse effect on the company's business, prospects, financial performance and cash flows.

  • Expansion of its annual installed capacity despite existing underutilization may adversely affect its business, financial condition and results of operations if there is insufficient demand for the company products.

  • The Company experienced a significant decline in actual production and annual installed capacity of solar modules in the past three Fiscals and the three months ended June 30, 2024. Should similar decreases occur in the future, its business, financial condition and results of operations may be adversely affected.

  • The proceeds from the Offer for Sale will be paid to the Selling Shareholders.

How to check the allotment status of the Premier Energies Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Premier Energies Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Premier Energies Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Premier Energies Ltd IPO registrar

KFin Techologies Ltd

Phone number +91 40 6716 2222
E-mail ID pel.ipo@kfintech.com
Website www.kfintech.com

Premier Energies Ltd IPO reservation

QIB shares offered

1,25,35,111 (19.93%)

NII (HNI) shares offered

94,01,333 (14.95%)

Retail shares offered

2,19,36,444 (34.88%)

Anchor investor shares offered

1,88,02,668 (29.89%)

Total shares offered

6,28,97,776

Total shares with anchor investor

6,28,97,776

Premier Energies Ltd IPO lead manager

  • Kotak Mahindra Capital Company Ltd
  • J.P.Morgan India Pvt Ltd
  • ICICI Securities Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Premier Energies Ltd IPO?

The listing date for the Premier Energies Ltd IPO is 03 Sep 2024.

What is the issue size of Premier Energies Ltd IPO?

The issue size of the Premier Energies Ltd IPO is ₹2,830.40 cr.

What is the minimum lot size needed for Premier Energies Ltd IPO?

The minimum lot size for Premier Energies Ltd IPO is 33

When does the Premier Energies Ltd open and close?

Premier Energies Ltd IPO is open from 27 Aug 2024 to 29 Aug 2024.

How can I apply for the Premier Energies Ltd IPO?

To apply for the Premier Energies Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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