Premier Energies IPO vs Waaree Energies IPO

Comparision between Premier Energies IPO and Waaree Energies IPO.

IPO Details

Premier Energies IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Waaree Energies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Premier Energies IPO	Waaree Energies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited ICICI Securities Limited	Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Intensive Fiscal Services Private Limited Iti Capital Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Premier Energies IPO is up to ₹2,830.40 Cr whereas the issue size of the Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Premier Energies IPO is ₹450.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.

	Premier Energies IPO	Waaree Energies IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹427.00 per share	₹1,427.00 per share
Issue Price (Upper)	₹450.00 per share	₹1,503.00 per share
Issue Price (Final)	₹450.00 per share	₹1,503.00 per share
Discount (Retail)
Discount (Employee)	₹22.00 per share
Market Lot Size	33 shares	9 shares
Fresh Issue Size	2,86,97,777 shares	2,39,52,095 shares
Fresh Issue Size (Amount)	up to ₹1,291.40 Cr	up to ₹3,600.00 Cr
OFS Issue Size	3,42,00,000 shares	48,00,000 shares
OFS Issue Size (Amount)	up to ₹1,539.00 Cr	up to ₹721.44 Cr
Issue Size Total	6,28,97,777 shares	2,87,52,095 shares
Issue Size Total (Amount)	up to ₹2,830.40 Cr	up to ₹4,321.44 Cr

IPO Timetable

Premier Energies IPO opens on Aug 27, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Premier Energies IPO and Waaree Energies IPO is Aug 29, 2024, and Oct 23, 2024, respectively.

	Premier Energies IPO	Waaree Energies IPO
Anchor Bid Date	Aug 26, 2024	Oct 18, 2024
Issue Open	Aug 27, 2024	Oct 21, 2024
Issue Close	Aug 29, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Aug 30, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Sep 02, 2024	Oct 25, 2024
Credit of Share (Tentative)	Sep 02, 2024	Oct 25, 2024
Listing date (Tentative)	Sep 03, 2024	Oct 28, 2024
Anchor Lockin End date 1	Sep 28, 2024	Nov 22, 2024
Anchor Lockin End date 2	Nov 27, 2024	Jan 21, 2025

Financials

Premier Energies IPO P/E ratio is 82.09, as compared to Waaree Energies IPO P/E ratio of 30.87.

Premier Energies IPO

Waaree Energies IPO

Financial

Premier Energies Limited Financial Information (Restated Consolidated)

Period Ended	30 Jun 2024	21 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,735.50	3,554.13	2,110.69	1,341.49
Revenue	1,668.79	3,171.31	1,463.21	767.03
Profit After Tax	198.16	231.36	-13.34	-14.41
Net Worth	26.96	36.49	-0.24	-0.51
Reserves and Surplus	255.73	455.76	224.40	209.20
Total Borrowing	1,200.16	1,392.24	763.54	453.30
Amount in ₹ Crore

Waaree Energies Limited Financial Information (Restated Consolidated)

Waaree Energies Limited's revenue increased by 69.56% and profit after tax (PAT) rose by 154.73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,989.48	11,313.73	7,419.92	2,237.40
Revenue	3,496.41	11,632.76	6,860.36	2,945.85
Profit After Tax	401.13	1,274.38	500.28	79.65
Net Worth	4,471.71	4,074.84	1,826.02	427.13
Reserves and Surplus	4,221.69	3,825.00	1,594.92	230.43
Total Borrowing	261.24	317.32	273.48	313.08
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.22%

71.80%

Promoter Shareholding (Post-Issue)

66.03%

64.30%

P/E Ratio

82.09

30.87

Market Cap

₹20284.33 Cr.

₹42939.36 Cr.

ROE

43.73%%

8.79%%

ROCE

25.65%%

9.45%%

Debt/Equity

1.86

0.06

EPS

₹5.48

₹48.69

RoNW

37.46%%

8.81%%

Shares Offered

In the Premier Energies IPO retail investors (RII) are offered 2,19,36,444 shares while in Waaree Energies IPO retail investors are offered 2,19,36,444 shares. Qualified institutional buyers (QIB) are offered 1,25,35,111 shares in Premier Energies IPO and 56,63,925 shares in Waaree Energies IPO.

	Premier Energies IPO	Waaree Energies IPO
Anchor Investor Reserveration	1,88,02,666 shares	84,95,887 shares
Market Maker Reserveration
QIB	1,25,35,111 shares	56,63,925 shares
NII	94,01,333 shares	42,47,945 shares
RII	2,19,36,444 shares	99,11,869 shares
Employee	2,33,644 shares	4,32,468 shares
Others
Total	4,41,06,533 shares	2,02,56,207 shares

Bids Received (Subscription)

Premier Energies IPO subscribed 75.00x in total, whereas Waaree Energies IPO subscribed 79.44x.

	Premier Energies IPO	Waaree Energies IPO
QIB (times)	212.42x	215.03x
NII (times)	50.98x	65.25x
Big NII (times)	58.00x	71.32x
Small NII (times)	36.96x	53.10x
RII (times)	7.44x	11.27x
Employee (times)	11.32x	5.45x
Other (times)
Total (times)	75.00x	79.44x

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