Premier Energies IPO Now Open for Subscription

Key Points:

• Premier Energies IPO opens on March 1, 2023.
• The price band has been set at Rs. 166-169 per share.
• The IPO consists of a fresh issue of shares worth Rs. 1,200 crore and an offer for sale of shares worth Rs. 800 crore.

About Premier Energies

Premier Energies is a leading independent power producer in India. The company has a portfolio of over 1,000 MW of operational power plants and a pipeline of over 2,000 MW of projects under development.

The company's key markets include India, Bangladesh, and Nepal. Premier Energies is also exploring opportunities in other emerging markets.

IPO Details

The Premier Energies IPO will open for subscription on March 1, 2023 and close on March 3, 2023.

The price band for the IPO has been set at Rs. 166-169 per share.

The IPO consists of a fresh issue of shares worth Rs. 1,200 crore and an offer for sale of shares worth Rs. 800 crore.

The net proceeds from the IPO will be used to repay debt, fund capital expenditure, and for general corporate purposes.

Key Financials

Premier Energies has reported strong financial performance in recent years.

• In FY22, the company's revenue grew by 25% to Rs. 2,500 crore.
• The company's EBITDA grew by 30% to Rs. 600 crore.
• The company's net profit grew by 25% to Rs. 300 crore.

Outlook

Premier Energies is well-positioned to benefit from the growing demand for electricity in India and other emerging markets.

The company's strong track record, experienced management team, and diversified portfolio of assets make it a compelling investment opportunity.