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Premier Energies IPO
Price Band
₹427.0–450.0
Issue Size
₹2830.4 Cr
Lot Size
33 shares
Min Investment
₹14,850
GMP
+₹487.0 (108.22%)
Issue Price
₹450.0
Subject to Sauda
₹12200
Paid only if allotted
Premier Energies IPO AI Summary
- Premier Energies IPO is listed on BSE, NSE in the Other Electrical Equipment sector.
- Price band: ₹427.0–₹450.0 per share, lot size 33 shares (min. investment ₹14,850).
- Subscription window: 27 Aug–29 Aug 2024, listing on 03 Sep 2024.
- Current GMP is +₹487.0 (108.22%), an estimated listing price of ₹937 — unofficial and can change daily.
Premier Energies Limited is preparing for its IPO with a focus on expanding its solar manufacturing capabilities. Despite recent fluctuations in total income and profit after tax, the company has a significant order book and plans to invest in growth through its subsidiary. Investors should consider the associated risks and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Premier Energies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 Aug 2024 — not a current signal.
16 of 17 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Premier Energies IPO Grey Market Premium (GMP) Today
GMP
+₹487.0
GMP %
+108.22%
Est. Listing
₹937.0
Updated: 25 Jul 2026 14:04
About the Company
Incorporated in April 1995, Premier Energies Limited manufactures integrated solar cell and solar panel. The company's product portfolio includes Cell, Solar Module, Monofacial modulesBifacial modules, EPC Solutions and O&M Solutions. The company has five manufacturing units, all of which are situated in Hyderabad, Telangana, India. The clientele of the company includes NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited (“Panasonic”), Continuum, Shakti Pumps, First Energy, Bluepine Energies Private Limited, Luminous, Hartek Solar Private Limited (“Hartek”), Green Infra Wind Energy Limited (a subsidiary of Sembcorp Green Infra Limited), Madhav Infra Projects Limited (“Madhav”), SolarSquare Energy Private Limited (“SolarSquare”) and Axitec Energy India Private Limited (“Axitec”). As of July 31, 2024, the company had an order book of ?59,265.65 million. This total included ?16,091.14 million for non-DCR solar modules, ?22,140.60 million for DCR solar modules, ?18,911.18 million for solar cells, and ?2,122.72 million for EPC projects. The company has exported its products United States, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia, Canada, Sri Lanka, Germany, Hungary, the United Arab Emirates, Uganda, Turkey, South Korea, China, Taiwan and Philippines. As of June 2024, the company had 1,447 employees and 3,278 Contract laborers.
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 21 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 3,735.50 | 3,554.13 | 2,110.69 | 1,341.49 |
| Total Income | 1,668.79 | 3,171.31 | 1,463.21 | 767.03 |
| Profit After Tax | 198.16 | 231.36 | -13.34 | -14.41 |
| NET Worth | 26.96 | 36.49 | -0.24 | -0.51 |
| Reserves and Surplus | 255.73 | 455.76 | 224.40 | 209.20 |
| Total Borrowing | 1,200.16 | 1,392.24 | 763.54 | 453.30 |
Key Ratios
EPS
₹5.48
NAV
₹14.63
ROE
43.73%
ROCE
25.65%
RoNW
37.46%
P/B Value
30.76
P/E Ratio
82.09
Market Cap
₹20284.33 Cr
PAT Margin
7.30%
Debt/Equity
1.86
Peer Comparison
| Company | EPS Basic | EPS Diluted | NAV | RoNW |
|---|---|---|---|---|
| Websol Energy System Ltd. | -29.99 | -29.99 | — | — |
| Premier Energies Limited This IPO | 6.93 | 5.48 | 14.63 | 37.46% |
Promoters
Surender Pal Singh Saluja and Chiranjeev Singh Saluja
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in our Subsidiary, Premier Energies Global Environment Private Limited for part-financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India (the “Project”); and 968.60 2 General corporate purposes. 270.29
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹767.03 Cr in the year ending 31 Mar 2022, increasing to ₹1,463.21 Cr by 31 Mar 2023. However, it rose to ₹3,171.31 Cr by 21 Mar 2024, before decreasing to ₹1,668.79 Cr by 30 Jun 2024. This last figure is a 9-month figure and not directly comparable to the prior full year.
Profit Trend
The company reported a profit after tax of ₹-14.41 Cr for the year ending 31 Mar 2022, which improved to ₹-13.34 Cr by 31 Mar 2023. The profit then increased to ₹231.36 Cr by 21 Mar 2024, followed by a decrease to ₹198.16 Cr by 30 Jun 2024. Similar to revenue, the last figure is a 9-month figure and not directly comparable to the prior full year.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing gain of an IPO based on unofficial trading before it officially lists on the stock exchange. A high GMP suggests strong demand and potential for a higher listing price compared to the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and financial health. It's important to consider how the company's business model aligns with broader market trends in the renewable energy sector.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO. Those concerned about the volatility associated with new listings or the specific risks tied to the renewable energy sector should also consider their investment strategy carefully.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is set for 27 Aug 2024, closing on 29 Aug 2024. Allotment of shares will be finalized by 30 Aug 2024, with the listing date scheduled for 3 Sep 2024.
Listing Gains — The Risk
Listing gains can be unpredictable and depend on market conditions, investor sentiment, and the company's performance. While some IPOs experience significant gains on their listing day, others may not perform as expected, leading to potential losses for investors.
This evaluation is generated from Premier Energies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Premier Energies IPO GMP today?
Premier Energies IPO GMP today is +₹487.0 (108.22%), indicating an estimated listing price of ₹937. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Premier Energies IPO?
The price band of Premier Energies IPO is ₹427.0–₹450.0 per share.
When does Premier Energies IPO open and close?
Premier Energies IPO opens on 27 August 2024 and closes on 29 August 2024.
When does Premier Energies IPO list on the stock exchange?
Premier Energies IPO listed on 03 September 2024 at ₹937.0.
What is the lot size for Premier Energies IPO?
The lot size for Premier Energies IPO is 33 shares, requiring a minimum investment of ₹14,850.
What is the price band for the IPO?
The price band for the IPO is ₹427 to ₹450.
What is the minimum investment required?
The minimum investment required is ₹14,850.
What is the lot size for the IPO?
The lot size for the IPO is 33 shares.
When is the IPO listing date?
The IPO listing date is scheduled for 3 September 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing gain of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Aug 2024
Close
29 Aug 2024
Allotment
30 Aug 2024
Listing
03 Sep 2024
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