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Premier Energies IPO IPO

Mainline27 Aug 202429 Aug 2024
Open
27 Aug 2024
Close
29 Aug 2024
3
Allotment
Listing
Tue, Sep 3, 2024
Price Band
₹427 to ₹450
Issue Size
6,29,09,200 shares (agg. up to ₹2,830 Cr)
Lot Size
33 Shares
Listing Date
Tue, Sep 3, 2024
Latest GMP
₹487
Est. Gain
108.22%
✦ AI Insight

GMP Trend

03-09-2024487Est. ₹937+108.22%
02-09-2024487Est. ₹937+108.22%
01-09-2024532Est. ₹982+118.22%

Live Subscription

CategorySubscription (times)
Total52.82x

Restated Financials (₹ Cr.)

Period Ended30 Jun 202421 Mar 202431 Mar 202331 Mar 2022
Assets3,735.503,554.132,110.691,341.49
Total Income1,668.793,171.311,463.21767.03
Profit After Tax198.16231.36-13.34-14.41
NET Worth26.9636.49-0.24-0.51
Reserves and Surplus255.73455.76224.40209.20
Total Borrowing1,200.161,392.24763.54453.30
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Rishabh Instruments Ltd.Mainboard₹490.78 Cr₹441null₹443.15+0.49%₹656.10 (-0.62%)
Vdeal System Ltd.SME₹18.08 Cr₹11211.79₹178.50+59.38%₹155.15 (-1.80%)
Sahaj Solar Ltd.SME₹52.52 Cr₹18010.86₹359.10+99.50%₹126.20 (-0.63%)
Ganesh Green Bharat Ltd.SME₹125.23 Cr₹19015.85₹379.05+99.50%₹272.50 (+4.21%)
Shivalic Power Control Ltd.SME₹64.32 Cr₹10024.69₹326.55+226.55%₹67.85 (-1.45%)
GP Eco Solutions India Ltd.SME₹30.79 Cr₹9421.44₹393.75+318.88%₹424.90 (+1.63%)
Alpex Solar Ltd.SME₹74.52 Cr₹11554.66₹345.45+200.39%₹856.55 (-0.68%)
Australian Premium Solar (India) Ltd.SME₹28.08 Cr₹5423.58₹147.00+172.22%₹292.00 (-1.02%)
Akanksha Power & Infrastructure Ltd.SME₹27.49 Cr₹5524.02₹65.10+18.36%₹89.70 (-0.44%)
Supreme Power Equipment Ltd.SME₹46.67 Cr₹6510.69₹102.90+58.31%₹219.05 (+0.55%)
Electro Force (India) Ltd.SME₹80.68 Cr₹9320.22₹105.00+12.90%₹22.10 (-9.43%)
Saakshi Medtech & Panels Ltd.SME₹45.16 Cr₹9710.18₹153.30+58.04%₹293.35 (+0.26%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Investment in our Subsidiary, Premier Energies Global Environment Private Limited for part-financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India (the “Project”); and968.60
2General corporate purposes.270.29

About Premier Energies IPO

Incorporated in April 1995, Premier Energies Limited manufactures integrated solar cell and solar panel. The company's product portfolio includes Cell, Solar Module, Monofacial modulesBifacial modules, EPC Solutions and O&M Solutions. The company has five manufacturing units, all of which are situated in Hyderabad, Telangana, India. The clientele of the company includes NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited (“Panasonic”), Continuum, Shakti Pumps, First Energy, Bluepine Energies Private Limited, Luminous, Hartek Solar Private Limited (“Hartek”), Green Infra Wind Energy Limited (a subsidiary of Sembcorp Green Infra Limited), Madhav Infra Projects Limited (“Madhav”), SolarSquare Energy Private Limited (“SolarSquare”) and Axitec Energy India Private Limited (“Axitec”). As of July 31, 2024, the company had an order book of ?59,265.65 million. This total included ?16,091.14 million for non-DCR solar modules, ?22,140.60 million for DCR solar modules, ?18,911.18 million for solar cells, and ?2,122.72 million for EPC projects. The company has exported its products United States, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia,

Contact Details

Premier Energies Ltd. AddressPlot No.8/B/1 and 8/B/2, E-CityMaheshwaram MandalRaviryala VillageRangareddi, Telangana, 501359+ 91 90 30994222investors@premierenergies.comVisit Website