Gainers & Losers

YOU ARE ON :
  • HOME /
  • IPO /
  • IPO ISSUES /
  • IPO-SYNOPSIS

Premier Energies Ltd

Registered Office: Plot # 8/B/1 & 8/B/2 E City,Maheshwaram(M) Raviryala(V)K.V, Rangareddy - 501359, Telangana, India.
Phone : +91 90 3099 4222   Fax:
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-24 29-Aug-24 450.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 33   Further Multiples of : 33
  Rs(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  

Project

  • 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

Attention Investor:

1) "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         2) For Stock Broking Transaction "Prevent unauthorised transactions in your account Update your mobile numbers / email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile / email at the end of the day .... Issued in the interest of Investors."         3) For Depository Transaction "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....Issued in the interest of investors."         4) No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.