Premier Energies Limited is an Indian company primarily engaged in the manufacturing and distribution of solar energy products. Founded in 1995 and headquartered in Hyderabad, the company focuses on producing high-quality solar panels, solar cells, and related components. Premier Energies is known for its commitment to sustainable energy solutions and has been involved in various solar projects across India. They offer a range of products designed to harness solar power efficiently and contribute to the reduction of carbon emissions. In addition to manufacturing, the company provides services related to solar energy installations and maintenance, aiming to support the growth of renewable energy infrastructure. They are part of the broader push towards renewable energy adoption in India, which aligns with the country’s goals for increased solar power capacity and environmental sustainability.
Premier Energies Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 27 Aug 2024 |
| IPO Close Date | 29 Aug 2024 |
| Allotment Date | 30 Aug 2024 |
| IPO Listing Date | 03 Aug 2024 |
Premier Energies Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 427 to Rs. 450 Per Equity Share |
| Market Lot | 33 Share |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 2830 Crore. |
Premier Energies Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 33 | Rs. 14850 |
| Maximum | 13 | 429 | Rs. 193050 |
| Small HNI (Minimum) | 14 | 462 | Rs. 207900 |
| Big HNI (Minimum) | 68 | 2244 | Rs. 1009800 |
Premier Energies Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 3554.13 | 2110.69 | 1341.49 |
| Total Revenue | 3171.31 | 1463.21 | 767.03 |
| Profit After Tax | 231.36 | -13.34 | -14.41 |
Company Promoters:
The promoters of the company are Surender Pal Singh Saluja and Chiranjeev Singh Saluja.
Objects of this Issue:
- Investment in the 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”).
- General corporate purposes
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Premier Energies Limited Plot No. 8/B/1 and 8/B/2, E- City Maheshwaram Mandal, Raviryala Village K.V. Rangareddy-501359 Phone: + 91 90 30994222 Email: investors@premierenergies.com Website: https://www.premierenergies.com | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: pel.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus |
