Premier Energies is set to enter the capital markets with its first public issue of IPO on Tuesday, the 27th of August 2013 with a price band of Rs 427-450 per share. The IPO is going to be opened and the investors can apply at least for 33 shares; the date for applying for IPO is August 29, 2013. It is needed to mention that Premier Energies was established in April 1995, and it offers both integrated solar cells as well as solar panels, and all the five production facilities are located in Hyderabad, Telangana. IPO should provide Rs. 2830. 40 crore, new share worth Rs 1291. 4 crore and offer for sale up to 3. 42 crore fully paid up shares by the promoters and other shareholders of the company for Rs 1539 crore.
Prior to the IPO, Premier Energies sold 1,88,02,666 shares @ Rs 450 per share to 18 anchor investors for an amount of Rs 846. 12 crore. Some of its significant investors are Nomura, Blackrock investment and Abu Dhabi investment authority. The company’s client list includes NTPC, Tata Power Solar Systems, Panasonic and many others. Premier Energies had an order booking of 5,926. 57 crore rupees while in the quarter ending on June 30, 2024 net profit of the company was 198. 17 crore rupees and total earning of 1668. 79 crore rupees for the same quarter as on 30/07/2024.
For the employees Check n Stay has reserved a block of shares of Rs 10 crore at the price of Rs 18 though the original face value is Rs 40. Bank of America Merrill Lynch, Credit Suisse Securities, Goldman Sachs India, Citigroup Global Markets India, and SBI Cap Securities are the book running lead managers of the issue while Kottakkal Financial Technologies Limited is the registrar of the issue. The India photopolymer plates maker has planned to float the shares on BSE as well as on NSE on September 3. All brokerage firms which include Anand Rathi Research, Canara Bank Securities and Choice Broking have recommended that people should subscribe to the company’s IPO due to its dominant market position and growth prospects.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Premier Energies' IPO involves risks, and past performance is not indicative of future results.
