Premier Energies IPO GMP :If you invest in the IPO market, then next week is a great opportunity. The IPO of Premier Energies, a leading company working in the solar industry, is opening next week on Tuesday i.e. 27 August 2024. The IPO has not even opened yet and there is a tremendous craze about it in the gray market. The unlisted stock of the company is trading at a premium of more than 60 percent in the gray market. Actually, the outlook for the energy sector in India and all over the world is strong. In such a situation, many growth opportunities are open for companies working on new energy. Due to which the demand for investment options related to the energy sector is increasing among investors. The IPO will close on August 29.
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Price bank, size and other details
Premier Energies has fixed a price band of Rs 427-450 per share for its IPO. The size of the IPO of solar cell and module manufacturer Premier Energies Limited is Rs 2830 crore. In this, fresh equity shares worth up to Rs 1291.4 crore will be issued, while 3.42 crore shares will be sold through Offer for Sale (OFS). This issue will open for anchor (large) investors on August 26.
Lot Size
There are 33 shares in one lot size in the IPO. In terms of the upper price band, retail investors will have to invest a minimum of Rs 14,850. At the same time, retail investors can invest Rs 1,93,050 for a maximum of 13 lots.
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How much reserve for whom
In the IPO of Premier Energies, 35% share has been reserved for retail investors. Whereas 50% share is reserved for qualified institutional buyers. While 15% share is reserved for non-institutional investors. Employees get a discount of Rs 22 per share in the IPO.
How are the company’s financials
Talking about the finances of Premier Energies, the company’s revenue in the financial year 2023 was Rs 1463.21 crore, while the expense was Rs 1472.19 crore. Then the company had a loss of Rs 13.34 crore in a year. In the financial year 2024, the company’s revenue was Rs 3171.31 crore, while the expense was Rs 2883.26 crore. Then the company had a profit of Rs 231.36 crore in a year. In the June quarter of the financial year 2025, the company’s revenue was Rs 1668.79 crore, expense was Rs 1423.72 crore and profit was Rs 198.16 crore.
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Premier Energies : About the Company
Premier Energies is an integrated solar cell and solar module manufacturer with 29 years of experience. It has an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules. Premier Energies’ business operations include (i) manufacturing of solar photovoltaic (PV) cells, (ii) manufacturing of solar modules including custom-made panels for specific applications, (iii) execution of EPC projects, (iv) independent power production, (v) O&M services related to EPC projects executed by the company and (vi) sale of other solar-related products. The company has 5 manufacturing facilities.
