Premier Energies IPO Details Today, GMP Price, Date, Review

Premier Energies IPO Details Today: Premier Energies IPO is Open on 27 Aug 2024 and Close on 29 Aug 2024.Premier Energies IPO to Raise 62,897,777 shares (Approx ₹₹2,830.40 Cr) via IPO. The Fresh Issue of 28,697,777 shares (Approx ₹1,291.40 Cr) and The Offer For Sale is 34,200,000 shares of ₹10 (Approx ₹1,539.00 Cr.).

Our Company incorporation 1995  in the solar industry and during this time, we have 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.

Our business operations include

• the manufacturing of solar photovoltaic (“PV”) cells.
• the manufacturing of solar modules including custom made panels for specific applications.
• the execution of EPC projects.
• independent power production.
• O&M services with respect to EPC projects executed by our Company the sale of other solar-related products.

We have taken steps such as ordering the necessary equipment and machines to (i) increase our annual installed capacity for solar modules by commissioning a 1,034 MW solar module line in Unit V which will be capable of assembling modules with solar cells which employ either TOPCon or HJT; and (ii) increase our annual installed capacity for solar cells by commissioning a 1,000 MW TOPCon solar cell line in Unit II. We have procured financing for these additional module and cell lines through IREDA.

We established a 75 MW capacity solar cell manufacturing line in 2011 before becoming one of the first companies in India to manufacture solar cells at scale through the introduction of a solar cell line with an annual installed capacity of 500 MW.The experience we gained through this process is one of the contributing factors which led to our development of India’s first bifacial monocrystalline PERC solar cell based on the M10 -182mm x 182 mm format.

Our EPCdivision has executed several projects in India including, among others, the establishment of a rooftop solar system, a canal top project and other large-scale solar power projects. These include a 100 MW project for a Navratna public sector undertaking, a 20 MW canal bank and canal top project in Uttarakhand for a state government power generation company and 18 MW and 15 MW projects in Karnataka.

Our Company also operates a 2 MW solar power plant which was commissioned in 2012 under the JawarharlalNehru National Solar Mission in Jharkhand, India.
We have a professional and experienced management team led by our Promoters who have significant experience in the solar industry. Surender Pal Singh Saluja, our Chairman and Whole-Time Director, founded our Company in 1995 and oversees the operations and finance functions of our Company and its subsidiaries.

Our key customers across our business offerings include several IPPs, original equipment manufacturers (“OEMs”) and off-grid operators such as

• National Thermal Power Corporation Limited.
• TATA Power Solar Systems Limited.
• Panasonic Life Solutions Private Limited.
• Continuum Green Energy (India) Private Limited.
• Shakti Pumps (India) Limited.
• First Energy 6 Private Limited.
• Bluepine Energies Private Limited.
• Luminous Power Technologies Private Limited.
• Hartek Solar Private Limited.
• Green Infra Wind Energy Limited.
• Madhav Infra Projects Limited.
• Solar Square Energy Private Limited.
• Axitec Energy India Private Limited.

Premier Energies IPO Date & Price Band Details

Premier Energies IPO Market Lot Details

Objects of the Issue

1. Investment in our Subsidiary, Premier Energies Global Environment Private Limited (“PEGEPL”) for part-financing the establishment of a4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India (the “Project”).
2. General corporatepurposes.

Premier Energies IPO Allotment & Listings (Details)

Premier Energies Financial Reports

Qualitative Factors

• We are India’s second largest integrated solar cell and solar module manufacturer as well as India’s second largest solar cell manufacturer.
• We have a long track record in solar module manufacturing sector.
• We have technical expertise in solar cell line production.
• We have diversified customer base with strong customer relationships both within India and overseas with a strong order book.
• We have an experienced Promoter led senior management team with demonstrated execution capabilities.

Our Company Promoters

1. Surender Pal Singh Saluja
2. Chiranjeev Singh Saluja

Premier Energies Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Industry Peers

• Premier Energies Limited
• Websol Energy System Limited

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Premier Energies Company Contact Details

Plot No. 8/B/1 and 8/B/2
E-City, Maheshwaram Mandal, Raviryala Village
K.V. Rangareddy 501 359
Telangana, India
Tel: + 91 90 3099 4222
E-mail:investors@premierenergies.com
Website: www.premierenergies.com

Premier Energies IPO Registar

KFinTechnologies Limited
Selenium, Tower B, Plot No. 31 and 32
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel:+91 40 6716 2222
E-mail:pel.ipo@kfintech.com
Website:www.kfintech.com
Investor grievance ID:einward.ris@kfintech.com
Contact Person:M.Murali Krishna