Premier Energies Limited IPO Overview
Incorporation & Business Overview Incorporated in April 1995, Premier Energies Limited is a prominent manufacturer specializing in integrated solar cells and solar panels. The company's diversified product portfolio includes:
Solar Cells
Solar Modules
Monofacial Modules
Bifacial Modules
EPC (Engineering, Procurement, and Construction) Solutions
O&M (Operations & Maintenance) Solutions
The company operates five state-of-the-art manufacturing units, all strategically located in Hyderabad, Telangana, India. Clientele & Global Presence
Premier Energies boasts an impressive clientele, which includes industry giants such as NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited, Continuum, Shakti Pumps, and more. The company has also established a strong international footprint, exporting its products to countries including United States, Hong Kong, South Africa, France, UAE, China, Germany etc. Key Objectives of the IPO
Project Financing: Investment in the subsidiary, Premier Energies Global Environment Private Limited, to partially fund the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India.
General Corporate Purposes: Allocation of funds for general corporate needs.
Promoter Holding
Pre-Issue Holding: 72.22%
Post-Issue Holding: 66.03% The promoters of Premier Energies Limited are Surender Pal Singh Saluja and Chiranjeev Singh Saluja.
Premier Energies IPO: Key Details
IPO Dates: 27 to 29 August 2024
Price Band: ₹427 to ₹450 per share
Lot Size: 33 shares
Total Issue Size: ₹2,830.40 Crores
Retail Quota: 35%
GMP: 75% (For informational purposes only)
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