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HomeSHARE MARKETNew IPO Alert: One Of The Largest Solar Cell And Solar Module...

New IPO Alert: One Of The Largest Solar Cell And Solar Module Manufacturing Company

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Premier Energies Limited, one of the biggest solar module and solar cell makers has filed its draft papers with the market regulatory SEBI to raise funds via an Initial Public Offering (IPO).

The IPO comprises the issue of new equity shares valued at Rs. 1,500 crore by the company as well as an offering to sell (OFS) consisting of 2.82 crore shares of equity to shareholders who are already in the company.

Investors South Asia Growth Fund II Holdings LLC, South Asia EBT Trust, as well as promoter Chiranjeev Singh Saluja, are the selling shareholders of the OFS.

Investors South Asia Growth Fund II Holdings LLC, South Asia EBT Trust as well as Promoter Chiranjeev Singh Saluja are the selling shareholders of the OFS.

Employees hold a 1.65 percent stake in the company. The Hyderabad-based company could also think about raising 30 billion rupees by way of a pre-IPO offer before making the prospectus red her ring to the Registrar of Companies.

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