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Let’s have a detailed review of the company and analytics of the Premier Energies IPO release date, IPO offer price, subscription, Premier Energies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 1
Price Band Rs [●]
Listing At BSE, NSE
Min. Order Quantity NA Shares
Listing Date NA
Offer for Sale Rs Million
Fresh Issue Rs 15,000 Million
IPO Size Rs Million
Tick Size 1

Premier Energies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Premier Energies Share Price

Premier Energies IPO – Summary

Premier Energies IPOTheir Company has 29 years of experience in the solar industry and during this time, they have grown to become India’s second-largest integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW, respectively, as of March 31, 2024.

In relation to only solar cells, they are also the second largest domestic manufacturer in terms of annual installed capacity as of March 31, 2024.

The promoters of this company is SURENDERPAL SINGH SALUJA AND CHIRANJEEV SINGH SALUJA. The lead manager of the issue is Kotak Mahindra Capital Company Limited, P. Morgan India Private Limited and ICICI Securities Limited, and the Registrar of this issue is KFin Technologies Limited.

Premier Energies IPO Date

The opening and closing dates of Premier Energies IPO are not available yet.

Premier Energies IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 
2nd Day –
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Premier Energies IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Premier Energies Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Premier Energies IPO Price Band

The face value of each share is Rs.1, but the price band of the IPO is Rs.[●] 

Premier Energies IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.

Premier Energies IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.[●] Million

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    Premier Energies IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Premier Energies Share Price

    Premier Energies IPO Grey Market Premium

    The Premier Energies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Premier Energies IPO – Company Overview

    Their business operations include (i) the manufacturing of solar photovoltaic (“PV”) cells, (ii) the manufacturing of solar modules including custom-made panels for specific applications, (iii) the execution of EPC projects, (iv) independent power production, (v) O&M services with respect to EPC projects executed by their Company and (vi)the sale of other solar-related products.

    As of the date of this Draft Red Herring Prospectus, they have five manufacturing facilities, all of which are situated on land that they own, in Hyderabad, Telangana, India. Combined, their manufacturing facilities have an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules as of the date of this Draft Red Herring Prospectus

    They established a 75 MW capacity solar cell manufacturing line in 2011 before becoming one of the first companies in India to manufacture solar cells at scale through the introduction of a solar cell line with an annual installed capacity of 500 MW in Fiscal 2021 and 250 MW in Fiscal 2022.

    Premier Energies IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    31-Dec-23 31-Mar-23 Mar-22 31-Mar-21
    Total Assets
    *Total Revenue
    Total Expense
    Profit After Tax

    Earnings per Equity Share (in Million)

    31-Dec-23 31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. (133.36) Million, Rs. (144.08) Million and Rs. 258.07 Million respectively.

    Premier Energies IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Surender Pal Singh Saluja, Chairman and Whole-Time Director
    • Chiranjeev Singh Saluja, Managing Director
    • Revathi Rohini Buragadda, Executive DirectorIndian Companies
    • Abhishek Loonker, Non-Executive Director

    Premier Energies IPO – Promoters Holding

    • Pre-Issue Share Holding – %
    • Post-Issue Share Holding – %

    Premier Energies IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to X Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market Makers Up to [●] Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual Investors Not more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue 334,065,168 Equity Shares
     Equity Shares outstanding after the Issue X Equity Shares

    Premier Energies IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    • Investment in their Subsidiary, Premier Energies Global Environment Private Limited (“PEGEPL”) for part-financing the establishment of a4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India (the “Project”); and 2.General corporatepurposes.

    Premier Energies IPO – Business Strategy

    • Expand their overseas presence and increase their exports
    • Develop and grow their rooftop solar offering
    • Capitalize on available market opportunities to grow their domestic business
    • Expanding and upgrading manufacturing capacities using the latest technology

    Premier Energies IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • They are India’s second-largest integrated solar cell and solar module manufacturer as well as India’s second-largest solar cell manufacturer.
    • They have a long track record in the solar module manufacturing sector
    • They have technical expertise in solar cell line production
    • They have a diversified customer base with strong customer relationships both within India and overseas with a strong order book.
    • They have an experienced Promoter-led senior management team with demonstrated execution capabilities

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 (0.40)

    Premier Energies IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Millions)
    Premier Energies Limited 1 NA
    Listed Peers
    Websol Energy System Limited
    10 NA

    Premier Energies IPO Lead Managers

    Lead Managers
    Kotak Mahindra Capital Company Limited

    P. Morgan India Private Limited

    ICICI Securities Limited

    Premier Energies IPO Registrar to offer

    Registrar to the Offer
    KFin Technologies Limited
    Selenium, Tower-B, Plot No. 31 and 32
    Financial District Nanakramguda,
    Serilingampally Hyderabad 500 032
    Telangana, India
    Tel: +914067162222
    E-mail: pel.ipo@kfintech.com
    Website: www.kfintech.com
    Investor grievance e-mail:einward.ris@kfintech.com
    Contact Person: M. Murali Krishna
    SEBI Registration No.: INR000000221

    Premier Energies IPO – Other Details

    • Statutory Auditor – Deloitte Haskins & Sells, Chartered Accountants
    • Legal Counsel to the Company Shardul Amarchand Mangaldas & Co
    • Bankers to the Company – HDFC Bank

    Premier Energies IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Premier Energies Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Premier Energies IPO Review FAQs

      Check out various FAQs related to Premier Energies IPO:

      What is the Issue Size of Premier Energies IPO?

      The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Premier Energies IPO?

      The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is concerned, it is Rs. 1 per share.

      What is the Premier Energies IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      What is the Premier Energies IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      What is the Premier Energies IPO Listing Date?

      Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Who is the Registrar of Premier Energies IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Premier Energies IPO?

      Here are the promoters of this IPO – SURENDERPAL SINGH SALUJA AND CHIRANJEEV SINGH SALUJA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Premier Energies IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Premier Energies IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Premier Energies Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is (133.36), 2022 is (144.08), and 2021 is 258.07. PAT from Dec 2023 is 1,274.02.

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