logo
Premier Energies shares in focus as South Asia Growth Fund II plans to sell 5.5% stake via block deal

Premier Energies shares in focus as South Asia Growth Fund II plans to sell 5.5% stake via block deal

Time of India2 days ago

Premier Energies shares
will be in focus on Tuesday after reports that
South Asia Growth Fund
II Holdings is likely to offload up to 2.5 crore shares, representing about 5.5% of the solar cell and module maker's equity, through block deals, sources told CNBC-TV18.
The floor price for the sale is set at Rs 1,051.50 per share, which is up to a 1% discount to the current market price. The deal is expected to take place during the pre-open block window. A 150-day lock-in period has been imposed on any further share sales by the fund.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
When the Camera Clicked at the Worst Possible Time
Lintmit.com
Read More
Undo
As per the latest shareholding data, South Asia Growth Fund holds an 11.1% stake in Premier Energies.
Also Read:
KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75%
Premier Energies Q4 Results
In Q4FY25, Premier Energies reported a 43.9% year-on-year (YoY) jump in revenue to Rs 1,620.8 crore from Rs 1,126.5 crore. Net profit surged 167% YoY to Rs 277.8 crore, while EBITDA rose 187% to Rs 528.6 crore. The EBITDA margin expanded to 32.6% from 16.4% a year ago.
Live Events
For the full year FY25, revenue more than doubled to Rs 6,518.7 crore, up 107% from Rs 3,143.7 crore in FY24. Net profit soared 307% to Rs 937 crore, and EBITDA margin widened to 28.8% from 15.9% in the previous year.
Also Read:
Dixon Technologies, LIC Housing Finance among 10 mid-cap stocks analysts expect to gain up to 40%
Order Book
The company's order book stands at 5,303 megawatts (MW), valued at Rs 8,445.6 crore, with 73% of the orders in modules and the remainder in cells. Module capacity utilisation stood at 75%, while cell utilisation was at 95%.
Shares of Premier Energies closed 1% higher at Rs 1,064.7 on the BSE in the previous session, outperforming the Sensex, which gained 0.31%. The stock is up 13% in the last three months but remains down 20% year-to-date.
Also Read:
Vishal Mega Mart, SBI Card among 8 large & midcap stocks that hit 52-week highs on Monday
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the
Economic Times
)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil prices tick up on worries of escalating US-Iran tension
Oil prices tick up on worries of escalating US-Iran tension

Economic Times

timean hour ago

  • Economic Times

Oil prices tick up on worries of escalating US-Iran tension

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Monolithisch India IPO opens today: Key details investors should know
Monolithisch India IPO opens today: Key details investors should know

Economic Times

timean hour ago

  • Economic Times

Monolithisch India IPO opens today: Key details investors should know

The IPO is being offered in a price band of Rs 135 to Rs 143 per share. Retail investors can apply for a minimum lot size of 1,000 shares, requiring an investment of Rs 1.43 lakh at the upper end of the price band. Monolithisch India's SME IPO is now open for subscription, aiming to raise Rs 82.02 crore. The IPO will remain open until June 16. Shares will be listed on NSE SME with tentative listing date of June 19, 2025. The company plans to use the funds for expansion and working capital. Tired of too many ads? Remove Ads Monolithisch India's SME IPO will open for subscription today and will remain open until June 16. The SME IPO aims to raise Rs 82.02 crore through a fresh issue of 54.48 lakh equity shares. The shares will be listed on the NSE SME platform, with a tentative listing date set for June 19, IPO is being offered in a price band of Rs 135 to Rs 143 per share. Retail investors can apply for a minimum lot size of 1,000 shares, requiring an investment of Rs 1.43 lakh at the upper end of the price Securities is the book-running lead manager, and Kfin Technologies is the registrar for the India, incorporated in August 2018, specializes in manufacturing and supplying 'ramming mass,' a key heat insulation material used in iron and steel induction company has expanded its client base from 43 in 2023 to 61 in 2025, underscoring its growing market presence. It posted strong financial performance for FY25, with revenue rising 41% to Rs 97.49 crore and net profit increasing 70% to Rs 14.49 crore compared to the previous IPO proceeds will be used to fund capital expenditure for a new manufacturing facility, invest in its subsidiary Metalurgica India Private Limited, meet working capital requirements, and cover general corporate expenses.

Gold prices climb as Middle East tensions rise, US inflation eases
Gold prices climb as Middle East tensions rise, US inflation eases

Economic Times

timean hour ago

  • Economic Times

Gold prices climb as Middle East tensions rise, US inflation eases

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store