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Premier Energies IPO details: issue date, price, and lot size

Stocks IPO
2 min Read Aug 26, 2024
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Premier Energies Limited, a leading player in the solar energy sector, is set to make its market debut with an IPO on August 27, 2024. Let's delve into the details of this upcoming offering. If you want to get in at the ground level of the shareholding of Premier Energies with its IPO, this blog is for you.

Premier Energies IPO details

FeatureDetails
Type of IssueBook Built Issue
Issue SizeRs 2,830.40 crore
Issue CompositionFresh Issue (Rs 1,291.40 crore) + Offer for Sale (Rs 1,539.00 crore)
Offer PeriodAugust 27, 2024 - August 29, 2024
Expected AllotmentAugust 30, 2024
Listing VenueSeptember 3, 2024 (Tentative)
Price BandRs 427 - Rs 450 per share
Minimum Lot Size33 Shares (Retail Investors: Rs 14,850 minimum investment)
HNI Minimum Lot14 Lots (462 shares) amounting to Rs 207,900
bNII Minimum Lot68 Lots (2244 shares) amounting to Rs 1,009,800

About Premier Energies

Founded in 1995, Premier Energies is a vertically integrated solar energy company engaged in manufacturing solar cells, solar modules, and providing EPC solutions. The company has a strong focus on innovation and has been a key player in the growth of the Indian solar energy market.

Premier Energies financials

  • Revenue: The company has demonstrated consistent revenue growth, driven by strong demand for solar energy solutions.

  • Profit After Tax (PAT): The company has shown profitability, indicating its ability to generate sustainable returns.

  • Market Capitalization: The IPO is expected to have a market capitalization of Rs 20,284.33 crore.

Premier Energies IPO highlights: strengths

  • Vertical Integration: Premier Energies' integrated manufacturing capabilities provide cost efficiencies and control over the entire value chain.

  • Strong Customer Base: The company has a diverse clientele, including government entities, private companies, and international customers.

  • Geographical Expansion: Premier Energies has expanded its operations both domestically and internationally, capturing growth opportunities.

  • Focus on Innovation: The company's commitment to research and development has enabled it to introduce innovative products and solutions.

Premier Energies IPO highlights: considerations

  • Competition: The solar energy sector is competitive, with both established players and new entrants.

  • Government Policies: Changes in government policies and subsidies can impact the solar energy industry.

  • Commodity Prices: Fluctuations in raw material prices, such as polysilicon, can affect profitability.

Should you invest in the Premier Energies IPO?

Premier Energies' strong financial performance, vertical integration, and focus on innovation make it an attractive investment proposition. However, the competitive nature of the solar energy sector and potential regulatory changes warrant careful consideration. Investors should conduct thorough due diligence before making an investment decision.

Conclusion

Premier Energies IPO could prove to be a promising investment opportunity if it fits your IPO investment strategy. Remember to diversify your portfolio through various investment tools and industries. 

FAQs

  1. What are the different types of IPOs?
    Book-built IPO: The most common type, where investors place bids for shares.
    Fixed-price IPO: The issue price is fixed in advance.
    Tender Offer: Investors bid for shares, and the highest bidders are allocated shares.

  2. How can I invest in the Premier Energies IPO?
    Log in to Ventura Securities or open an account to subscribe to the Premier Energies IPO. Additionally, you can also take advantage of research recommendations and trading features to grow your wealth.