All details of Premier Energies Ltd IPO you should know about!
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Overview of Premier Energies Ltd IPO
IPO Date
27-Aug-2024 to 29-Aug-2024
Face Value
₹1 per share
Price Band
₹427 to ₹450
Lot Size
33 Share
Issue Size
62,897,777 shares (aggregating up to ₹2,830.40 Cr)
Listing At
BSE,NSE
Basis of Allotment
30-Aug-2024
Initiation of Refunds
2-Sep-2024
Credit of Shares to Demat
2-Sep-2024
Listing Date
3-Sep-2024
Cut off time for UPI Mandate
29-Aug-2024
Objective of Premier Energies Ltd IPO
The net proceeds from the issuance of 28,697,777 Equity Shares (worth Rs 1294.4 crs) will be utilised for part-financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad. Apart from this, 34,200,000 Equity shares will be sold in the Offer for sale
About Premier Energies Ltd IPO
Premier Energies is an integrated solar cell and solar module manufacturer with 29 years of experience in the solar industry. The company has five manufacturing facilities and have an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules.
Premier Energies Ltd IPO Financials
Particulars (in Cr)
Q1FY25
FY24
FY23
FY22
Total Revenue Annual
1657
3144
1429
743
Operating Expenses Annual
1299
2666
1350
713
Operating Profit Annual
358
478
78
30
Depreciation
79
96
53
28
Interest Annual
45
121
69
43
Total Share Holder Funds
846
647
411
395
Fixed Asset Annual
1270
1189
584
471
Total Non Current Asset
141
184
471
206
Total Current Asset
2324
2182
1056
664
Total Asset Annual
3736
3554
2111
1341
Book Value Per Share
₹ 19
₹ 14
₹ 9
₹ 9
ROE
26.5%
43.7%
3.2%
4.7%
ROCE
14.3%
25.7%
5.9%
3.6%
Total Debt To Total Equity
1.43
2.2
1.9
1.2
EBIDTA
21.6%
15.2%
5.5%
4.0%
Cash From Operating
623
90
37
5
Cash From Investing
-439
-447
-304
-218
Cash From Finance
-225
549
252
279
Net Cash Flow
-41
192
-16
66
Promoter's Holding
Total Share Capital
-
Offered to Public
-
Promoter’s Holding(Pre-Issue)
72.22%
Promoter’s Holding(Post-Issue)
66.03%
Strengths of Premier Energies Ltd
Premier Energies is India's second-largest integrated solar cell and module manufacturer.
The key customers across various business offerings include IPPs, OEMs, and off-grid operators such as NTPC, TATA Power systems, Panasonic Life Solutions, Continuum Shakti Pumps, First Energy, etc.
As of July 31, 2024, the company had an order book Rs. 5,936 Cr.
Weaknesses of Premier Energies’s Ltd
The following points should be kept in mind:
The Top 10 clients bring in 67.03%, and hence, there is a customer concentration risk
Intense competition and higher dumping from China can affect the revenues.
Frequently asked questions
Premier Energies IPO is a main-board IPO of 62,897,777 equity shares of a face value of ₹1 aggregating up to ₹2,830.40 Crores. The issue is priced at ₹427 to ₹450 per share. The minimum order quantity is 33 Shares.
The IPO opens on August 27, 2024, and closes on August 29, 2024.
Kfin Technologies Limited is the IPO registrar. The shares are proposed to be listed on the BSE and NSE.
The finalization of Basis of Allotment for Premier Energies IPO will be done on Friday, August 30, 2024, and the allotted shares will be credited to your demat account by Monday, September 2, 2024.
The Premier Energies IPO listing date has not yet been announced, but it is tentatively scheduled for Tuesday, September 3, 2024.
The Premier Energies IPO opens on August 27, 2024, and closes on August 29, 2024.