IPO IPO-Synopsis
Premier Energies Ltd

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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 Rs450 per equity share (the "Offer Price") aggregating to Rs2830.40*# 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 Rs1291.40 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 Rs1539.00 crores (the "Offer for Sale"), comprising 26,827,200 equity shares of face value of Re. 1 each aggregating to Rs1207.22 crores by south asia growth fund ii holdings llc, 172,800 equity shares of face value of Re. 1 each aggregating to Rs7.78 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 Rs324.00 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 Rs10.00 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 Rs22 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 Rs450.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :33  Further Multiples of :33

  Rs Cr Lead Managers to the Issue
Project Cost 3358.33
ICICI Securities Ltd
Project Financed through Current Offer 2830.40  
Post Issue Equity Share Capital 45.08  
Issue Price Rs450.00  
Projects
Investment in PEGEPL for part financing the establishment of the projectGeneral corporate purposes
Promoted By
Surender Pal Singh Saluja
Chiranjeev Singh Saluja
Vivana Saluja
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd