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Issue Open Date
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27-Aug-24
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Issue Closing Date
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29-Aug-24
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Application Money
|
100
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Allotment Money
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Price Band
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427
-
450
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Minimium Application No.
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33
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Issue Size (Shares)
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44640825
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Market Lot
|
1
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Objective
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1. Investment in our Subsidiary, Premier Energies Global Environment Private Limited (“PEGEPL”) for partfinancing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Modulemanufacturing facility in Hyderabad, Telangana, India (the “Project”); and2. General corporate purposes.
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Category
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No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
9631406
|
481973250
|
50.0418370900365
|
|
Qualified Institutional Buyers
|
12289227
|
2662711491
|
216.670380569909
|
|
Retail Individual Investors
|
22473279
|
172754472
|
7.68710574011029
|
|
|
|
|
Business Description
Our business operations include (i) the manufacturing of solar photovoltaic (“PV”) cells, (ii) the manufacturingof solar modules including custom made panels for specific applications, (iii) the execution of EPC projects, (iv)independent power production, (v) O&M services with respect to EPC projects executed by our Company and(vi) the sale of other solar-related products.
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Promoter's Holding
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Total Share Capital
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296823381
|
|
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Offered to Public
|
62909200
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Promoter's Holding (Pre-Issue)
|
70.32
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Promoter's Holding (Post-Issue)
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64.25
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Address |
Plot No. 8/ B/1 & 8/ B/2
E- City
Maheshwaram Mandal
Raviryala Village
K. V
Rangareddy,
Telangana,
501359
Phone : 9030994222
Email : investors@premierenergies.com
Website : www.premierenergies.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
ICICI Securities Ltd
JP Morgan India Pvt Ltd
Kotak Mahindra Capital Co Ltd
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Promoters |
Chiranjeev Singh Saluja
Surender Pal Saluja
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|
