
✓
Open
27 Aug 2024
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Close
29 Aug 2024
3
Allotment
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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
03-09-2024₹487Est. ₹937+108.22%
02-09-2024₹487Est. ₹937+108.22%
01-09-2024₹532Est. ₹982+118.22%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 52.82x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 21 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 3,735.50 | 3,554.13 | 2,110.69 | 1,341.49 |
| Total Income | 1,668.79 | 3,171.31 | 1,463.21 | 767.03 |
| Profit After Tax | 198.16 | 231.36 | -13.34 | -14.41 |
| NET Worth | 26.96 | 36.49 | -0.24 | -0.51 |
| Reserves and Surplus | 255.73 | 455.76 | 224.40 | 209.20 |
| Total Borrowing | 1,200.16 | 1,392.24 | 763.54 | 453.30 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹656.10 (-0.62%) |
| Vdeal System Ltd. | SME | ₹18.08 Cr | ₹112 | 11.79 | ₹178.50 | +59.38% | ₹155.15 (-1.80%) |
| Sahaj Solar Ltd. | SME | ₹52.52 Cr | ₹180 | 10.86 | ₹359.10 | +99.50% | ₹126.20 (-0.63%) |
| Ganesh Green Bharat Ltd. | SME | ₹125.23 Cr | ₹190 | 15.85 | ₹379.05 | +99.50% | ₹272.50 (+4.21%) |
| Shivalic Power Control Ltd. | SME | ₹64.32 Cr | ₹100 | 24.69 | ₹326.55 | +226.55% | ₹67.85 (-1.45%) |
| GP Eco Solutions India Ltd. | SME | ₹30.79 Cr | ₹94 | 21.44 | ₹393.75 | +318.88% | ₹424.90 (+1.63%) |
| Alpex Solar Ltd. | SME | ₹74.52 Cr | ₹115 | 54.66 | ₹345.45 | +200.39% | ₹856.55 (-0.68%) |
| Australian Premium Solar (India) Ltd. | SME | ₹28.08 Cr | ₹54 | 23.58 | ₹147.00 | +172.22% | ₹292.00 (-1.02%) |
| Akanksha Power & Infrastructure Ltd. | SME | ₹27.49 Cr | ₹55 | 24.02 | ₹65.10 | +18.36% | ₹89.70 (-0.44%) |
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹219.05 (+0.55%) |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹22.10 (-9.43%) |
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹293.35 (+0.26%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment 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”); and | 968.60 |
| 2 | General 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