Premier Energies Limited IPO: Analysis, GMP & Subscription Status
Introduction
Premier Energies Limited, a key player in the renewable energy sector, is launching its Initial Public Offering (IPO). This article will not only provide a detailed look at the company's financials, key dates, and other essential information but also offer daily updates on the Grey Market Premium (GMP) and subscription status across various investor categories. Keep this page bookmarked for real-time insights as the IPO progresses.
IPO Details
- Face Value: ₹1 per share
- Price Band: ₹427 to ₹450 per share
- Lot Size: 33 Shares
- Total Issue Size: 62,897,777 shares, aggregating up to ₹2,830.40 crore.
- Fresh Issue: 28,697,777 shares, aggregating up to ₹1,291.40 crore.
- Offer for Sale: 34,200,000 shares, aggregating up to ₹1,539.00 crore.
- Employee Discount: ₹22 per share.
IPO Timeline
- IPO Open Date: Tuesday, August 27, 2024
- IPO Close Date: Thursday, August 29, 2024
- Basis of Allotment: Friday, August 30, 2024
- Initiation of Refunds: Monday, September 2, 2024
- Credit of Shares to Demat Accounts: Monday, September 2, 2024
- Listing Date: Tuesday, September 3, 2024
- Cut-off Time for UPI Mandate Confirmation: 5 PM on August 29, 2024
Company Background and Promoters
Premier Energies Limited, previously known as Premier Solar Systems Private Limited, has grown into a significant solar energy provider in India. The company is helmed by its promoters, Surender Pal Singh Saluja and Chiranjeev Singh Saluja, who have been instrumental in the company's success in the renewable energy market.
Premier Energies Limited Financial Performance
It's crucial to understand Premier Energies Limited's financial health before making any investment decisions. Below is a summary of the company’s restated consolidated financials:
| Financial Metric |
30 Jun 2024 |
21 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
| Assets |
₹3,735.50 Cr |
₹3,554.13 Cr |
₹2,110.69 Cr |
₹1,341.49 Cr |
| Revenue |
₹1,668.79 Cr |
₹3,171.31 Cr |
₹1,463.21 Cr |
₹767.03 Cr |
| Profit After Tax |
₹198.16 Cr |
₹231.36 Cr |
₹-13.34 Cr |
₹-14.41 Cr |
| Net Worth |
₹26.96 Cr |
₹36.49 Cr |
₹-0.24 Cr |
₹-0.51 Cr |
| Reserves and Surplus |
₹255.73 Cr |
₹455.76 Cr |
₹224.40 Cr |
₹209.20 Cr |
| Total Borrowing |
₹1,200.16 Cr |
₹1,392.24 Cr |
₹763.54 Cr |
₹453.30 Cr |
Premier Energies IPO GMP and Subscription Status
This section will be updated daily to provide the latest on the Grey Market Premium (GMP) and the subscription status across different investor categories.
Grey Market Premium (GMP) Tracker
| Date |
GMP (₹) |
| 26th Aug |
₹335 |
| 27th Aug |
₹345 |
| 28th Aug |
₹372 |
| 29th Aug |
₹422 |
IPO Subscription Status Tracker
| Date |
QIB Subscription |
NII Subscription |
Retail Subscription |
Employee
|
Total Subscription |
| 27th Aug |
0.05 |
12.28 |
3.24 |
5.62 |
4.28 |
| 28th Aug |
1.37 |
19.32 |
4.34 |
7.05 |
6.70 |
| 29th Aug |
212.42 |
50.98 |
7.44 |
11.32 |
75.00 |
These tables will be regularly updated to reflect the most current market sentiment and investor interest.
Conclusion
The Premier Energies Limited IPO offers a unique opportunity for investors looking to engage with the renewable energy sector. With daily updates on the GMP and subscription status, this article will serve as a reliable resource for making informed investment decisions. Stay tuned for the latest data and insights.
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