Premier Energies

Book Building issueMainboard₹2,830 Cr issue
+120.22%
Listing gain over issue price
Issue size
₹2,830 Cr
1 lot at cut-off
₹14,850
Lot size
33shares
Open
27 Aug 2024
Close
29 Aug 2024
Allotment
30 Aug 2024
Listing
03 Sep 2024

Listing performance

Issue price
₹450
Listed at
₹991
Listing-day close
₹839.90
Latest price
₹853.30
Close on 23 Oct 2026
Listing gain
+120.22%
Return since issue
+89.62%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    27 Aug 2024
  2. Close
    29 Aug 2024
  3. Allotment
    30 Aug 2024
  4. Refund
    02 Sep 2024
  5. Demat credit
    02 Sep 2024
  6. Listing
    03 Sep 2024

Issue details

IPO date
27 Aug 2024 – 29 Aug 2024
Listing date
03 Sep 2024
Face value
₹1 per share
Issue price
₹450 per share
Lot size
33 shares
Issue type
Book Building issue
Total issue size
₹2,830 Cr
Market cap at offer price
₹20,284 Cr
Promoter holding
70.33% → 64.25% pre-issue → post-issue
ISIN
INE0BS701011
Registrar
Kfin Technologies Ltd.
Lead managers
Kotak Mahindra Capital Co.Ltd.
Registered office
Plot No.8/B/1 and 8/B/2, E-City, Maheshwaram Mandal, Raviryala Village, Telangana

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB1,88,02,666——
Market maker 0——

Application size

Minimum 33 shares per lot, in multiples, at ₹450

ApplicationLotsSharesAmount
Retail (min)133₹14,850
Retail (max)13429₹1,93,050
S-HNI (min)14462₹2,07,900
S-HNI (max)672,211₹9,94,950
B-HNI (min)682,244₹10,09,800

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
1,88,02,666
Anchor portion
₹846 Cr
at ₹450 per share

Valuation and performance

Valuation at offer price

₹450 per share
MetricPre-issuePost-issue
EPS (₹)5.4817.58
P/E (×)82.1225.60
Price to book (×)30.76—
Market cap—₹20,284 Cr

Key performance indicators

Latest reported period
Return on net worth
37.46%
ROCE
25.65%
Debt / equity
1.86
PAT margin
7.30%
NAV per share
₹14.63
Price to book
30.76

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

About Premier Energies

Premier Energies Limited is an integrated solar photovoltaic manufacturer incorporated in India in 1995 as Premier Solar Systems Private Limited, renamed to Premier Energies Limited in 2019. The company manufactures solar cells and modules using monocrystalline technology, with an annual installed capacity of 2 GW for cells and 4.13 GW for modules as of June 30, 2024. Beyond manufacturing, the company provides engineering, procurement and construction (EPC) solutions, operations and maintenance (O&M) services, and operates as an independent power producer (IPP). As of June 30, 2024, the company operates five manufacturing facilities all located in Hyderabad, Telangana, India through eight subsidiaries. The company generates revenue from domestic sales (86.01% in FY2024) and export sales (13.99% in FY2024), with revenue from operations reaching ₹31,437.93 million in FY2024 compared to ₹14,285.34 million in FY2023.

https://www.premierenergies.com/ ↗

Company Analysis

from RHP

Premier Energies Limited is an integrated solar cell and module manufacturer with EPC solutions, O&M services, and independent power producer operations across India.

Premier Energies Limited is an integrated solar photovoltaic manufacturer incorporated in India in 1995 as Premier Solar Systems Private Limited, renamed to Premier Energies Limited in 2019. The company manufactures solar cells and modules using monocrystalline technology, with an annual installed capacity of 2 GW for cells and 4.13 GW for modules as of June 30, 2024. Beyond manufacturing, the company provides engineering, procurement and construction (EPC) solutions, operations and maintenance (O&M) services, and operates as an independent power producer (IPP). As of June 30, 2024, the company operates five manufacturing facilities all located in Hyderabad, Telangana, India through eight subsidiaries. The company generates revenue from domestic sales (86.01% in FY2024) and export sales (13.99% in FY2024), with revenue from operations reaching ₹31,437.93 million in FY2024 compared to ₹14,285.34 million in FY2023.

solar manufacturingrenewable energyphotovoltaic technology

Objects of the Issue

  • 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
    ₹9,686.03 million p.29
  • General corporate purposes
    p.29
  • Investment in subsidiary for part-financing the Project
    ₹9,686.03 million proposed for the Project p.74
  • General corporate purposes
    p.74
  • 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
    ₹9,686.03 million (out of Net Proceeds) p.143
  • General corporate purposes
    [●] p.143
  • Investment in subsidiary Premier Energies Global Environment Private Limited for expansion of manufacturing capacities in the form of a 4 GW TOPCon cell line and 4 GW solar module line
    p.76
  • General corporate purposes
    p.158
  • Funding capex for Unit VI - 4,000 MW TOPCon solar cell line and 4,000 MW TOPCon solar module line establishment and commissioning
    p.278
  • This Part 8 contains financial statements and does not disclose the specific objects of the offer/uses of proceeds
  • Investment in Subsidiary PEGEPL for part-financing the establishment of the Project (solar cell and module manufacturing facility)
    ₹9,686.03 million from Net Proceeds out of total estimated project cost of ₹33,583.29 million p.447

Issue Structure

Total Issue
Up to [●] Equity Shares of face value of ₹1 each, aggregating up to ₹[●] million
Fresh Issue
Up to [●] Equity Shares of face value of ₹1 each aggregating up to ₹12,914 million
Offer for Sale
Up to 34,200,000 Equity Shares of face value of ₹1 each aggregating up to ₹[●] million by the Selling Shareholders
Price Band
[●] per Equity Share
Lot Size
[●] Equity Shares
Face Value
₹1 each

Business Model

Revenue generation through sale of manufactured solar cells and modules (86.80% of FY2024 revenue from operations), sale of traded goods including solar accessories and silicon wafers (8.21%), income from construction and project-related EPC contracts (4.73%), and revenue from power supply operations (0.12%). The company sells primarily to domestic customers including large players like Continuum Green Energy, NTPC, Shakti Pumps, and TATA Power Solar Systems.

Business Segments

Manufacturing and sale of solar cells and solar modules using monocrystalline technology
Sale of solar modules, solar cells, and solar accessories acquired from external sources
Engineering, procurement and construction contracts and project-related activities
Revenue from operation of solar power plant and independent power producer operations
Manufactures polycrystalline and monocrystalline PERC solar modules with power outputs up to 670 W per module and solar cells
Trading of solar modules and accessories
Engineering, procurement and construction (EPC) projects for solar energy installations and electricity generation through long-term offtake agreements
Manufacture of solar photovoltaic cells and modules with technology platforms including polycrystalline, monocrystalline and TOPCon technology
Manufacturing of solar cells with an annual installed capacity of 2.0 GW as of June 30, 2024
Manufacturing of solar modules with an annual installed capacity of 4.13 GW as of June 30, 2024
Provision of engineering, procurement and construction solutions, operation and maintenance services, and independent power generation
Manufacturing and sale of monocrystalline PERC bifacial solar cells using M10 wafer size in 182mm x 182mm format with transition to TOPCon technology
Manufacturing and sale of monofacial and bifacial solar modules using monocrystalline PERC and TOPCon cells in various power output ranges
Trading and resale of imported solar modules and cells procured from third-party suppliers
End-to-end Engineering, Procurement and Construction services for ground-mounted, rooftop, floating, canal bank, canal top and hybrid power generation systems; includes solar water pump solutions
Revenue from 2 MW solar power plant independent power production in Jharkhand, India commissioned in 2012
Job work services and sale of scrap materials
Manufactures solar cells with annual installed capacity of 1,250 MW (TOPCon technology)
Manufactures solar modules with annual installed capacity of 1,600 MW
Manufactures solar cells with 750 MW capacity and solar modules with 1,400 MW capacity
Manufactures solar modules with annual installed capacity of 1,134 MW
Engineering, Procurement and Construction services for solar power plants through Premier Solar Powertech Private Limited
Manufacturing and sale of solar photovoltaic cells
Manufacturing and sale of solar modules including custom made panels for specific applications
Sale of traded solar modules, cells, accessories and silicon wafers
Independent power production and supply
Engineering, Procurement and Construction (EPC) projects and engineering and service fees
Manufacture and sale of solar cells and solar modules using latest technology including monocrystalline PERC solar cells and modules
Trading of solar modules, solar cells, solar accessories and silicon wafers
Construction and project-related activities including engineering and service fees for EPC projects
Generation and supply of power from solar power plant located in Jharkhand

SWOT Analysis

Strengths
  • • Integrated solar manufacturer with significant installed capacity(p.26)
  • • Diversified revenue streams beyond manufacturing(p.26)
  • • Growing revenue trajectory with profitability achieved(p.30)
  • • Improved profitability and cash generation(p.46)
  • • Multiple manufacturing facilities with owned land(p.44)
  • • Advanced manufacturing technology with high capacity output(p.50)
  • • Diversified customer base across domestic and export markets(p.60)
  • • Strong revenue growth trajectory and profitability improvement(p.58)
  • • Solid credit rating support access to capital(p.76)
  • • Strong revenue growth trajectory with significant Q1 FY2025 performance(p.107)
  • • Established manufacturing capacity and multi-facility operations(p.149)
  • • Profitability and cash generation capability(p.107)
  • • Long-standing operational history with technology transition capability(p.149)
  • • Integrated solar cell and module manufacturer with significant market position(p.163)
  • • Second-largest integrated manufacturer in India with high installed capacity(p.207)
  • • Diversified customer base with both domestic and international reach(p.163)
  • • Long track record and experience in solar manufacturing(p.163)
  • • Experienced promoter-led senior management team(p.163)
  • • Dominant position in Indian solar cell exports to USA(p.211)
  • • Strong financial performance with improving profitability(p.166)
  • • Second largest integrated solar cell and module manufacturer in India with 2 GW cell and 4.13 GW module capacity(p.243)
  • • Long 29-year track record in solar module manufacturing providing brand recognition and credibility(p.245)
  • • Largest Indian exporter of solar cells to the US with approximately 100% market share in FY2024(p.244)
  • • Backward integration providing cost control, quality control, and access to DCR market(p.244)
  • • Technical expertise and R&D capability with 30-member research and development team(p.246)
  • • Strong and diversified customer base across 23 Indian states with robust order book of ₹59,265.65 million(p.242)
  • • Recognition of module quality with PVEL top performer status in 2023 and 2024(p.245)
  • • Experienced Promoter-led management team with combined 29 years solar industry experience(p.249)
  • • Vertical integration in solar manufacturing(p.289)
  • • Significant manufacturing capacity expansion(p.289)
  • • Government-backed funding for capacity expansion(p.283)
  • • Insurance coverage for assets(p.272)
  • • Established track record and awards(p.290)
  • • Integrated solar cell and module manufacturing with 29 years of industry experience(p.405)
  • • Significant installed manufacturing capacity expansion (2 GW cells, 4.13 GW modules as of June 2024)(p.405)
  • • DCR compliance and ALMM approval enabling participation in government schemes(p.409)
  • • Strong order book of ₹59,265.65 million as of July 31, 2024(p.409)
  • • Significant revenue growth from ₹7,428.71 million (Fiscal 2022) to ₹31,437.93 million (Fiscal 2024)(p.407)
  • • Diversified customer base reducing concentration risk, with top 10 customers representing 67.03% of Fiscal 2024 revenue(p.410)
Weaknesses
  • • High customer concentration risk(p.42)
  • • Dependence on only two product types(p.42)
  • • Significant losses in prior fiscal years(p.44)
  • • Negative cash flows in recent periods(p.46)
  • • Under-utilization of manufacturing capacity(p.48)
  • • Subsidiary losses including future capital recipient(p.45)
  • • High contingent liabilities relative to net worth(p.31)
  • • Significant working capital requirements and operational leverage(p.50)
  • • High attrition rate among workforce(p.54)
  • • Untraced historical corporate records and past regulatory non-compliance(p.54)
  • • Missing regulatory approvals and compliance gaps(p.94)
  • • High dependency on supplier relationships with no long-term contracts(p.66)
  • • High debt burden relative to equity base(p.106)
  • • Exposure to large contingent liabilities and guarantees on Project Loan(p.146)
  • • Heavy dependence on subsidiary and concentration in single manufacturing location(p.149)
  • • Unexercised employee stock options creating potential dilution(p.139)
  • • Significant capital expenditure commitments and project implementation risk(p.154)
  • • High leverage with debt-to-equity ratio of 1.43 as of Q1 FY2025(p.166)
  • • Significant dependence on imported raw materials subject to exchange rate risk(p.155)
  • • Reliance on capital goods imports with customs duty exposure(p.155)
  • • High capital intensity requiring significant ongoing investment(p.207)
  • • High debt-to-equity ratio of 2.18 as of FY2024, indicating significant financial leverage(p.235)
  • • Significant dependence on imported raw materials with 48.47% of purchases from China in FY2024(p.262)
  • • Low capacity utilization of newly commissioned units affecting operational efficiency(p.259)
  • • Concentration of revenue in top customers with top 10 customers accounting for 67.03% of FY2024 revenue(p.247)
  • • Complex and capital-intensive solar cell manufacturing requiring 3-4 times higher capital than module manufacturing(p.222)
  • • Heavy reliance on IREDA funding(p.272)
  • • Dependence on government policies and schemes(p.283)
  • • Leased branch office premises with near-term expiry(p.274)
  • • Substantial warranty obligations(p.273)
  • • Heavy debt burden(p.293)
  • • High dependence on key customers, with largest customer representing 10.63% of Fiscal 2024 revenue(p.410)
  • • Significant debt burden with debt-to-equity ratio of 1.43x as of June 30, 2024(p.401)
  • • Heavy reliance on imported raw materials and machinery, particularly from China(p.408)
  • • Exposure to customer concentration and order book execution risks(p.409)
  • • CSR compliance shortfall in current period with ₹4.80 million unmet requirement(p.379)
  • • Dependence on limited customer segments with concentration risk(p.431)
  • • Significant inventory holdings creating working capital pressure(p.436)
  • • High finance costs relative to operational profitability(p.437)
  • • Substantial capital commitments and contingent liabilities(p.446)
  • • High debt-to-equity ratio indicating leverage concerns(p.451)
  • • Increased provision for doubtful debts and warranty(p.434)
  • • Pending regulatory approvals across multiple Indian states(p.466)
  • • Limited trademark portfolio with one mark expiring soon(p.467)
Opportunities
  • • Rapid growth in India's solar manufacturing capacity(p.27)
  • • Strong government support for renewable energy(p.27)
  • • Expansion into advanced TOPCon technology(p.50)
  • • Economies of scale from capacity expansion(p.50)
  • • Global growth in solar demand(p.50)
  • • Expansion of manufacturing capacity and product mix shift(p.60)
  • • Growing export markets and international expansion(p.62)
  • • Government support through incentive schemes and subsidies(p.79)
  • • Growing domestic demand driven by government renewable energy initiatives(p.60)
  • • Strong order backlog supporting revenue visibility(p.67)
  • • Government support for domestic solar manufacturing(p.149)
  • • Expansion into advanced TOPCon technology manufacturing(p.149)
  • • Tax incentive availability for new manufacturing operations(p.148)
  • • Access to project financing from development financial institutions(p.148)
  • • India's ambitious 300 GW solar capacity target by CY2030(p.190)
  • • Rapid growth in domestic solar module consumption market(p.208)
  • • Strong export opportunity driven by China+1 strategy(p.211)
  • • Expansion potential through 4 GW TOPCon cell and module manufacturing facilities(p.76)
  • • Favorable government incentive schemes including PLI and DCR policies(p.201)
  • • Expected reduction in import dependency creating market share gains(p.209)
  • • Expanding US market demand with minimal domestic cell production and growing anti-China sentiment(p.230)
  • • Grid Connected Solar Rooftop Programme expected to generate 25-30 GW installation opportunities over 2-3 years(p.250)
  • • DCR demand outpacing production capacity with strong government support for domestic manufacturing(p.251)
  • • Global solar capacity expected to grow from 1.4 TW in CY2023 to 3.18 TW by CY2027(p.226)
  • • Strategic backward integration into wafers and ingots to improve supply chain resilience and cost efficiency(p.250)
  • • Planned US manufacturing joint venture with Heliene USA Inc. to establish TOPCon cell manufacturing(p.250)
  • • TOPCon technology transition offering higher efficiency (24.5-25.2%) than current PERC cells (23.2-23.7%)(p.245)
  • • Expanding renewable energy mandate in India(p.282)
  • • Government support for domestic solar manufacturing(p.281)
  • • Rooftop solar promotion(p.284)
  • • Agricultural solar programs(p.283)
  • • Potential capacity expansion with PLI support(p.283)
  • • Government of India's domestic content requirement (DCR) creating market opportunity for locally-produced cells and modules(p.409)
  • • Planned capacity expansion with 1 GW TOPCon cell line expected in Fiscal 2025 and additional 8 GW planned expansion(p.405)
  • • Government schemes and incentives supporting domestic solar adoption including CPSU, PM-KUSUM, and Grid Connected Rooftop Programme(p.409)
  • • Expected continued market growth driven by government targets and clean energy demand(p.405)
  • • Indian Railways electrification opportunity for solar products(p.409)
  • • Capital subsidies available from state and central governments including M-SIPS(p.409)
  • • Government support and renewable energy policy initiatives(p.431)
  • • Significant export market expansion potential(p.435)
  • • Capacity expansion with new manufacturing lines(p.435)
  • • Shift to higher-margin monocrystalline PERC technology(p.435)
  • • Strong revenue growth trajectory and operating leverage(p.434)
  • • Customer base expansion across segments(p.430)
Threats
  • • Demand concentration risk for solar products(p.43)
  • • Technological obsolescence of manufacturing facilities(p.50)
  • • Geographic concentration of operations(p.44)
  • • Industry oversupply and demand volatility(p.47)
  • • Price volatility and cost competition(p.43)
  • • Competitive technology displacement(p.43)
  • • Intense competition from domestic and international manufacturers(p.52)
  • • Raw material price volatility and import duty risks(p.68)
  • • Declining solar module and cell prices reducing margins(p.70)
  • • Customs duty increases on imported solar components(p.79)
  • • Export market risks including regulatory and geopolitical uncertainties(p.63)
  • • Technology obsolescence and rapid innovation requirements(p.58)
  • • Supply chain disruptions and dependency on third-party transportation(p.58)
  • • UFLPA compliance requirements limiting U.S. market access(p.64)
  • • Foreign exchange volatility impacting equipment costs and returns(p.99)
  • • Regulatory restrictions on foreign investment(p.100)
  • • Risk of capital gains tax implications for foreign shareholders(p.99)
  • • Project implementation delays and cost overruns(p.76)
  • • Sanctioned customer transaction risks with restricted jurisdictions(p.102)
  • • Stock price volatility and liquidity risk for new public shareholders(p.99)
  • • Regulatory risk from potential US duties on circumventing solar products(p.211)
  • • US Inflation Reduction Act encouraging domestic manufacturing reducing export demand(p.209)
  • • Risk of unanticipated delays and cost overruns in capital expansion(p.76)
  • • Commodity price volatility and input cost fluctuations(p.156)
  • • Intense competition from larger global manufacturers with economies of scale(p.206)
  • • Potential adverse impact from new trade policies and government regulations(p.211)
  • • Significant reliance on imported cells with 85% import dependency in FY2022, expected to remain at 45% by FY2028(p.212)
  • • Exposure to polysilicon price volatility, with prices increasing from $6.8/Kg to $43/Kg between July 2020 and November 2021(p.212)
  • • Intense competition with presence of more than 100 module manufacturers and high competitive intensity in module market(p.224)
  • • Pricing pressure across solar PV value chain due to reverse bidding in government tenders(p.223)
  • • Risk of supply chain disruption due to potential Chinese export restrictions on solar manufacturing tools(p.223)
  • • Frequent policy changes in India including suspension and reinstatement of ALMM requirements(p.223)
  • • Wafer price pressures with manufacturers selling below production costs and p-type prices dropping(p.213)
  • • Regulatory risk from ALMM compliance(p.281)
  • • Customs duty on solar components(p.287)
  • • Cyclicality in renewable energy projects(p.280)
  • • Industrial policy dependence in Telangana(p.284)
  • • Environmental compliance requirements(p.284)
  • • High import duties on solar cells and pending duty on solar glass increasing material costs(p.408)
  • • Vulnerability to import restrictions and trade policy changes affecting supply chain(p.408)
  • • Foreign exchange volatility affecting imported materials and international operations(p.396)
  • • Intense competition in solar manufacturing affecting pricing and margins(p.411)
  • • Dependence on government policies and regulatory stability for business sustainability(p.409)
  • • Unhedged foreign currency exposure of ₹2,197.24 million as of June 30, 2024(p.396)
  • • Dependence on imported raw materials and foreign currency exposure(p.436)
  • • Foreign exchange volatility affecting operations(p.455)
  • • Global demand for competing technologies (TOPCon modules)(p.431)
  • • Regulatory compliance and license requirements(p.464)
  • • Interest rate risk on floating rate debt(p.455)
  • • Climate change impact on power generation assets(p.435)

Promoters

NameRolePre-IssuePost-Issue
Surender Pal Singh SalujaPromoter4.93%—
Chiranjeev Singh SalujaPromoter81.92%—
South Asia Growth Fund II Holdings LLCPromoter Group20.87%—
South Asia EBT TrustPromoter Group0.13%—
Chiranjeev Singh SalujaPromoter64.84%—
Surender Pal Singh SalujaPromoter3.90%[●]
Chiranjeev Singh SalujaPromoter64.84%[●]
Chiranjeev Singh SalujaPromoter/Managing Director/Selling Shareholder——
South Asia Growth Fund II Holdings LLCInvestor Selling Shareholder——
South Asia EBT TrustInvestor Selling Shareholder——
Surender Pal Singh SalujaPromoter——
Chiranjeev Singh SalujaPromoter——
Surender Pal Singh SalujaPromoter/Chairman and Whole-Time Director3.90%—
Chiranjeev Singh SalujaPromoter/Managing Director64.84%—
Chiranjeev Singh SalujaPromoter81.92%—
Surenderpal Singh SalujaPromoter4.93%—
Surenderpal Singh SalujaChairman & Whole Time Director / Promoter——
Chiranjeev Singh SalujaManaging Director / Promoter——
Surender Pal Singh SalujaPromoter——
Chiranjeev Singh SalujaPromoter——
South Asia Growth Fund II Holdings LLC and South Asia EBT TrustPromoter Group—88,000,000 Equity Shares (87,436,800 to South Asia Growth Fund II Holdings LLC and 563,200 to South Asia EBT Trust) following conversion of CCDs on August 16, 2024
South Asia Growth Fund II Holdings LLCSelling Shareholder——
South Asia EBT TrustSelling Shareholder——
Chiranjeev Singh SalujaSelling Shareholder——

Leadership

Surender Pal Singh Saluja · Chairman & Whole Time Director
Chiranjeev Singh Saluja · Managing Director
Nand Kishore Khandelwal · Group Chief Financial Officer
Ravella Sreenivasa Rao · Company Secretary and Compliance Officer

Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.

Premier Energies IPO FAQs

What is the lot size of Premier Energies IPO?
The minimum lot size of Premier Energies IPO is 33 shares. One lot costs ₹14,850 at the cut-off price.
When does Premier Energies IPO open and close?
Premier Energies IPO opened for subscription on 27 Aug 2024 and closed on 29 Aug 2024.
What is the listing date of Premier Energies IPO?
Premier Energies IPO listed on 03 Sep 2024.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.