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Premier Energies IPO GMP

Premier Energies IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com,

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  • 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?

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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
Shares

  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
Ratio Analysis

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.

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