Bidding for the IPO of Premier Energies, a Telangana-based solar energy industry firm, is set to begin on Tuesday, August 27. But even before it opened, the company raised Rs 846 crore through anchor investors.
The business includes manufacturing of solar photovoltaic cells, custom-made solar panels for specified applications, EPC contracts, solar power production, operations and maintenance services in projects. It has 5 manufacturing units in Telangana and operates a 2 MW solar power plant in Jharkhand. The company has exported its products to about 20 countries around the world.
Premier Energies IPO GMP, Price
The bidding will remain open till August 29, 2024. The firm will raise a total of Rs 2,830.40 crore through the issue of fresh shares. The price band has been fixed at Rs 427-450. The shares will get listed on BSE and NSE on September 3, 2024. The allotment date is August 30, 2024. The GMP is Rs 330 on August 27.
Premier Energies financials
In FY24, Premier Energies recorded revenues of Rs 3,171.31 crores. The figure for FY23 was Rs 1463.21 crore. The company registered a net profit of Rs 231.36 crores in the last financial year against a loss of Rs 13.34 crores in FY23.
Investible lot
A retail investor can apply for a minimum lot is 33 shares which will entail an investment of Rs 14,850. There is also a ceiling for retail investors – 13 lots which means 429 shares valued at Rs 193,050.
Vdeal System IPO GMP, price details
Vdeal System is an integrated electrical and automation solution firm set up in late 2009. The company wants to raise Rs 18.08 crore through this issue. It has got no OFS part and consists of fresh issue of 16.14 lakh shares. The bidding opens for subscription on Tuesday, August 27, 2024 and closes on Thursday, August 29, 2024. The allotment is scheduled to be finalized on Friday, August 30, 2024.
Each share has been priced at Rs 112. One can apply for a lot of 1,200 shares. Therefore, a retail investor has to invest an amount of 134,400. The GMP stands at Rs 15 on August 27.
Vdeal financials
The company’s revenue was Rs 26.25 crore, Rs 20.75 crore and Rs 16.23 crore in FY24, FY23 and FY22 respectively. The PAT stood at Rs 3.11 crore, Rs 1.10 crore and Rs 2.31 crore in those 3 years, while the borrowing was at 9.37 crore, Rs 6.21 core and Rs 6.39 crore respectively.
Premier Energies operates in the solar energy industry IPO while Vdeal System provides integrated electrical and automation solutions. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
