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| Name | New Solar Module Plants, Growth Outlook & More: How Premier Energies Plans To Use IPO Proceeds |
| Video Uploader | Video From NDTV Profit |
| Upload Date | This Video Uploaded At 03-09-2024 09:25:43 |
| Video Discription | Premiere Energies management tells that the company has added 1 GW Of Solar Cell & Module Capacity Each Last Year. IPO proceeds to be used to set up a new 4 GW solar cell and 4 GW module plant. Solar module line to be operation by FY26, solar cell line to be operational by FY27. Company's current capacity utilizations at 75-80%, and they expect these to increase going forward. Shares of Premier Energies Ltd. listed on the BSE on Tuesday at Rs 991 apiece, a premium of 120.2% over its issue price of Rs 450 per share. Even on the National Stock Exchange, the stock debuted at a premium of 120%. The initial public offering of Premier Energies was subscribed 74.38 times on its final day of bidding. The company raised Rs 2,830.4 crore, consisting of a fresh issue of shares worth Rs 1,291.4 crore and an offer-for-sale component of Rs 1,539 crore. The company will use proceeds worth Rs 968.6 crore for financing establishment of a solar cell and solar module manufacturing facility in Hyderabad. The balance towards general corporate purposes. #stockmarket #ipolisting #ipo -------------------------------------------------------------------------------------------------------------------------------------------------- For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports Follow NDTV Profit here Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit LinkedIn: https://www.linkedin.com/company/ndtvprofit Instagram: https://www.instagram.com/ndtvprofit/ Facebook: https://www.facebook.com/NDTVProfit/ |
| Category | News & Politics |
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