Premier Energies aimed to raise ₹2,830 crore via an IPO starting on August 27, allocating ₹1,291 crore for capacity expansion. The promoter’s stake was set to decrease to 66%. The company projected revenue growth driven by India’s push for renewable energy. It planned substantial capacity enhancements by 2026, using funds from the IPO, debt, and internal accruals. Premier Energies aimed to raise ₹2,830 crore via an IPO starting on August 27, allocating ₹1,291 crore for capacity expansion. The promoter’s stake was set to decrease to 66%. The company projected revenue growth driven by India’s push for renewable energy. It planned substantial capacity enhancements by 2026, using funds from the IPO, debt, and internal accruals. Economic Times
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