September 3, 2024
admin
Premier Energies IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com,
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Premier Energies IPO?
On 3rd September 2024, the scrip is listed at Rs. 990, 120% premium over the issue price. After solid listing the share declined sharply.
What is the latest GMP of Premier Energies IPO?
For latest Premium, Click
What is the subscription status of Premier Energies IPO?
Premier Energies IPO Subscriptions (Closed)Price Rs. 450 Lot 33 shares, Rs. 2830.40 Crore |
|||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 212.42 | 58.00 | 36.96 | 50.98 | 7.44 | 75.00 |
| Applications: 38,52394 / (5.80x) Amount wise Bids recd. Rs. 212,280 Crore |
|||||
Check allotment status of Premier Energies IPO
https://kosmic.kfintech.com/ipostatus/
What is the promoter of Premier Energies IPO?
SURENDERPAL SINGH SALUJA AND CHIRANJEEV SINGH SALUJA are the promoter of Premier Energies IPO
What are the Objects of Premier Energies IPO?
The Offer comprises the Fresh Issue and the Offer for Sale.
What is the business of Premier Energies?
Premier Energies has 29 years of experience in the solar industry and during this time, it has 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, it is also the second largest domestic manufacturer in terms of annual installed capacity as of March 31, 2024.
Its 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 its Company and (vi)the sale of other solar-related products. The company has five manufacturing facilities, all of which are situated on land that it owns,in Hyderabad, Telangana, India. Combined, its manufacturing facilities have an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules
For more information, click www.premierenergies.com
Premier Energies IPO GMP grey market premium, review, Subscription, allotment, listing
Premier Energies IPO Details |
|
| IPO opens on | 27 August 2024 |
| IPO closes on | 29 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 62897777 Shares / Rs 2830.40 Cr |
| * Fresh Issue | 28697777 Shares / Rs 1291.40 Cr |
| * Offer for Sale | 34,200,000 Shares / Rs 1539 Cr |
| Face Value per share: | Rs. 1 |
| Price Band | Rs. 427-450 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 22 per share |
| Retail Lot Size | 33 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Premier Energies? | Shares | Rs. in Crore |
| QIB (50 %) | 31332066 | 1410.20 |
| NII (15 %) | 9399620 | 423.06 |
| RII (35 %) | 21932446 | 987.14 |
| Employees/ Shareholders | 233645 | 10.00 |
| Total Shares | 62897777 | 2830.40 |
| Retail portion will be oversubscribed by | 684619 Forms. | |
| How to apply in Premier Energies IPO ? | Amount Rs. |
|
| Min Retail Application | 33 Shares | 14850 |
| Max Retail Application | 429 Shares | 193050 |
| Small HNI (Min) application |
462 |
207900 |
| Small HNI (Max) application | 2211 Shares | 994950 |
| Big HNI Application | 2244 Shares | 1009800 |
What is the timetable of Premier Energies IPO? |
|
| IPO opens on | 27 August 2024 |
| IPO Closes on | 29 August 2024 |
| IPO Allotment on | 30 August 2024 |
| Unblocking of ASBA | 2 September 2024 |
| Credit of Shares | 2 September 2024 |
| Listing on | 3 September 2024 |
| Registered Office of Premier Energies | |
| Plot No. 8/B/1 and 8/B/2, E-City, Maheshwaram Mandal Raviryala Village, K.V. Rangareddy501 359, Telangana, India | |
| Who are the Lead Managers of Premier Energies IPO? Kotak Mahindra Capital Co. J.P. Morgan India ICICI Securities |
|
| Registrar to IPO | |
| Kfin Technologies Limited |
Premier Energies IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 743 | -14.41 | -0.44 | -3.65 |
| 2022-23 | 1429 | -13.34 | -0.38 | -3.35 |
| 2023-24 | 3144 | 231.36 | 6.93 | 37.46 |
| Book Value of the Share on 31.03.2024 |
Rs. | 14.63 | ||
| BV of the Share after the IPO | Rs. | 46.78 | ||
| Offer Price at Cap | Rs. | 450 | ||
Premier Energies IPO
|
|
| Price /EPS | 64.94 |
| Price/Book Value | 30.76 |
| Price/BV after IPO | 9.62 |
How Premier Energies IPO compares with the Peers?
Peer Comparison.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Premier Energies | 1 | 3171 | 64.94 |
| Websol Energy System | 10 | 27 | N.A. |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Premier Energies IPO Review
Premier Energies has 29 years of experience in the solar industry and during this time, it has 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, it is also the second largest domestic manufacturer in terms of annual installed capacity as of March 31, 2024.
Size: Inspite of this being mainboard IPO, the size of the IPO Rs. 2830.40 crore is somewhat large. Yet the fancy for Solar Term can fetch huge oversubscription. HNI portion is Rs. 423 crore and hence huge oversubscription is possible for the said category.
Financials: The shares are offered at PE Multiple of 64.94, which is on higher side. However considering the growth potential for its business, the shares may scale to much higher valuation postlisting and hence there appears to be some room for listing gains.
+ from Fundamental Angle: Apply
+ from Grey Market Angoe:?
Quicklinks
