IPO Opens: Premier Energies Ltd.

Premier Energies Limited shall open its Bid/Offer in relation to its initial public offering of Equity Shares on Tuesday, August 27, 2024. The total offer size includes a Fresh Issue aggregating up to ₹12,914 million and an Offer for Sale of up to 34,200,000 Equity Shares. The Anchor Investor Bidding date shall be on Monday, August 26, 2024 and the Bid Offer will be closed on Thursday, August 29, 2024. The Price band of the Offer is ₹ 427 to ₹ 450 per Equity Share. Bids can be made for a minimum of 33 Equity Shares and in multiples of 33 Equity Shares thereafter. The Equity Shares are proposed to be listed on the BSE and NSE.

• Issue Opens: August 27, 2024
• Issue Closes: August 29, 2024
• Face Value: Rs 1 each
• Price Band: Rs 427 to Rs 450 per share
• Lot Size: 33 Shares
• Listing On: BSE & NSE
• Issue Size: 34,200,000 equity shares
• Issue Type: Book Built Route
• Basis of Allotment: September 2, 2024
• Credit to Demat: September 2, 2024
• Listing Date: September 3, 2024

The Company proposes to utilise net proceeds from the Fresh Issue towards – (i) Investment in its Subsidiary, Premier Energies Global Environment Private Limited for part-financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India estimated to be ₹ 9,686.03 million to be deployed in FY 2025 and FY 2026; and (ii) General corporate purposes. The Offer for Sale of up to 34,200,000 Equity Shares comprises up to 26,827,200 Equity Shares by South Asia Growth Fund I Holdings LLC, up to 172,800 Equity Shares by South Asia EBT Trust and up to 7,200,000 Equity Shares by Chiranjeev Singh Saluja. A discount of ₹ 22 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.