August 26, 2024

Premier Energies IPO: 5 things to know

Premier Energies manufactures solar PV modules and cells, with an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules.

The IPO opens on August 27, 2024, and closes on August 29, 2024.

The IPO consists of a fresh issue of ₹1,291.4 crore and an offer for sale (OFS) of ₹1,539 crore.

The price band is set at ₹427 to ₹450 per equity share, with a minimum lot size of 33 shares.

The company will use the funds raised for expanding manufacturing capacity, upgrading technology, and debt repayment.

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