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Premier Energies Limited IPO

Premier Energies Limited IPO

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Listed Price: ₹ 990.00 (+120.00%)

Premier Energies Limited's achieved publicly listed status following its IPO debut on 03-09-2024 at the NSE, BSE platform. The offering successfully mobilized 6,29,09,200 Shares, with 2,87,09,200 Shares allocated to corporate growth initiatives and ₹1538.72 Cr providing liquidity to existing shareholders.

Investment participation occurred within the established price band of ₹427 to ₹450, starting from minimum lots of 33 shares. The subscription window from 27-08-2024 through 29-08-2024 enabled investor participation across market segments.

Share allocation was completed on 30-08-2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

Premier Energies IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Premier Energies IPO Key Performance Indicator
Company Financials ( in Crores )

Premier Energies IPO About Company

Premier Energies Limited, originally incorporated as Premier Solar Systems Private Limited on April 3, 1995, in Hyderabad, India, has grown into a leading name in the country’s solar energy sector. As the second-largest integrated solar cell and module manufacturer in India, it has an annual production capacity of 2 GW for solar cells and 3.36 GW for solar modules, reflecting its strong focus on sustainability and innovation. The company offers end-to-end solar power solutions, including engineering, procurement, and construction (EPC) services, along with the operation and maintenance of solar facilities. To keep up with the rising demand for renewable energy, Premier Energies is expanding its production capabilities in line with the government's clean energy goals. Committed to environmental, social, and governance (ESG) initiatives, the company actively works to reduce its carbon footprint and promote a greener future. As of June 30, 2024, it had a workforce of 1,447 full-time employees.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Premier Energies IPO Strength Factors

  1. End-to-End Manufacturing: Premier Energies specializes in making both solar cells and modules, ensuring top-quality control throughout the entire process.
  2. Trusted Industry Leader: With years of experience in solar module manufacturing, the company has built a strong reputation for reliability.
  3. Cutting-Edge Production: Premier Energies operates advanced solar cell production lines, allowing it to meet high demand with efficiency and precision.



Premier Energies IPO Risk Factors

  1. Reliance on Key Customers: The company depends on a small number of clients, so losing any major customer could greatly affect its financial stability and operations.
  2. Limited Product Range: With a focus on just two products—solar cells and modules—the business is exposed to market changes and technological shifts that could impact its success.
  3. Single Location Risk: Since all manufacturing is based in Telangana, India, any local or regional disruptions could pose challenges to the company’s operations and financial performance.



Premier Energies IPO Lead Manager(s)

  • Kotak Mahindra Capital Company
  • J.P. Morgan India Private Limited
  • ICICI Securities Limited

Premier Energies IPO Promoter(s)

  1. Surender Pal Singh Saluja
  2. Chiranjeev Singh Saluja

Premier Energies IPO Company Details

Premier Energies Limited
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Premier Energies IPO Registrar

Kfin Technologies Limited
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Premier Energies IPO FAQs