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IPO Details


Premier Energies Ltd
Registered Office: Plot # 8/B/1 & 8/B/2 E City, Maheshwaram(M) Raviryala(V)K.V, Rangareddy - 501359, Telangana
Phone: +91 90 3099 4222
Email: investors@premierenergies.com
Website: www.premierenergies.com
Initial public offering of 62,909,200*# equity shares of face value of Re. 1 each (Equity Shares) of Premier Energies Limited (The Company or the Issuer) for cash at a price of Rs. 450 per equity share (the Offer Price) aggregating to Rs. 2830.40*# crores (the Offer) comprising a fresh issue of 28,709,200*# equity shares of face value of Re. 1 each by the company aggregating to Rs. 1291.40 crores*# (the Fresh Issue) and an offer for sale of 34,200,000* equity shares of face value of Re. 1 each (the Offered Shares) aggregating to Rs. 1539.00 crores (the Offer for Sale), comprising 26,827,200 equity shares of face value of Re. 1 each aggregating to Rs. 1207.22 crores by south asia growth fund ii holdings llc, 172,800 equity shares of face value of Re. 1 each aggregating to Rs. 7.78 crores by south asia ebt trust (together, the Investor Selling Shareholders) and 7,200,000 equity shares of face value of Re. 1 each aggregating to Rs. 324.00 crores by Chiranjeev Singh Saluja (the Promoter Selling Shareholder, and together with the investor selling shareholders, the Selling Shareholders). The offer included a reservation of 233,644* equity shares of face value of Re. 1 each, aggregating to Rs. 10.00 crores*# (constituting 0.05% of the post-offer paid-up equity share capital, for subscription by eligible employees (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer constitutes 13.96% and 13.90%, respectively, of the post-offer paid-up equity share capital of the company. *Subject to finalization of basis of allotment #a discount of Rs. 22 per equity share was offered to eligible employees bidding in the employee reservation portion.
Issue Money Payable On
Opens On Closes On Application Allotment
27-Aug-2024 29-Aug-2024 450.00 0.00
Minimum Application for shares in Nos : 33 Further Multiples of : 33
()Cr. Lead Managers to the Issue
Project Cost 3,358.33 ICICI Securities Ltd
Project Financed through Current Offer 2,830.40
Post Issue Equity Share Capital 45.08
Issue Price 450.00
Projects
Investment in PEGEPL for part financing the establishment of the project
General corporate purposes
Promoted By
Surender Pal Singh Saluja
Chiranjeev Singh Saluja
Vivana Saluja
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

17,573.30 -54.76 (-0.31%)

HANG SENG

18013.16 353.14(2.00%)