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PREMIERENESME / NSE, BSEListed
Premier Energies

Premier Energies Limited, originally incorporated as Premier Solar Systems Private Limited on April 3, 1995, in Hyderabad, India, has grown into a leading name in the country’s solar energy sector. As the second-largest integrated solar cell and module manufacturer in India, it has an annual production capacity of 2 GW for solar cells and 3.36 GW for solar modules, reflecting its strong focus on sustainability and innovation. The company offers end-to-end solar power solutions, including engineering, procurement, and construction (EPC) services, along with the operation and maintenance of solar facilities. To keep up with the rising demand for renewable energy, Premier Energies is expanding its production capabilities in line with the government's clean energy goals. Committed to environmental, social, and governance (ESG) initiatives, the company actively works to reduce its carbon footprint and promote a greener future. As of June 30, 2024, it had a workforce of 1,447 full-time employees.

₹427 - ₹45075.62x sub
Listed Price₹990.00
Listing Gain+120.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open27 Aug 2024
Close29 Aug 2024
Allotment30 Aug 2024
Listing03 Sep 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB1,25,35,112 shares
28.57%
HNI94,01,333 shares
21.43%
Retail2,19,36,444 shares
50%

Minimum Application Lots

Retail1 Lot (33 shares)
₹14,850
sHNI14 Lots (462 shares)
₹2,07,900
bHNI68 Lots (2,244 shares)
₹10,09,800

Company Promoters

Surender Pal Singh SalujaChiranjeev Singh Saluja

Company Background

Premier Energies Limited, originally incorporated as Premier Solar Systems Private Limited on April 3, 1995, in Hyderabad, India, has grown into a leading name in the country’s solar energy sector. As the second-largest integrated solar cell and module manufacturer in India, it has an annual production capacity of 2 GW for solar cells and 3.36 GW for solar m...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun-24 )₹1668.79 Cr
Growth+117.6%
Revenue Trend (₹ in Crores)
0.01.2k2.4k3.6kMar-22Mar-23Mar-24 Jun-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun-24 1,668.79 198.163,735.001,200.15
Mar-24 3,171.13231.363,554.12822.23
Mar-231,463.21-13.33 2,110.68763.54
Mar-22767.03-14.41,341.49453.29

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Jun-24 5.9326.54%14.26%82.0925.59
Mar-24 6.9343.73%5.08%00
Mar-23-0.38-3.18%25.65%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
30 Aug 2024
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
03 Sep 2024

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Premier Energies. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization30 Aug 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date03 Sep 2024Trading commences on exchange

How to Check Premier Energies Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Premier Energies from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Premier Energies IPO

Complete issue overview for Premier Energies (PREMIERENE) IPO. The issue features an equity share price band of ₹427 – ₹450 per share with a minimum retail lot size of 33 Shares (minimum application amount of ₹14,850). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions