PREMIER ENERGIES LIMITED INITIAL PUBLIC OFFERING TO OPEN ON TUESDAY, AUGUST 27, 2024

• Price band fixed at ₹ 427 to ₹ 450 per equity share of face value of ₹ 1 each (“Equity Share”)

• Bid Offer will open on Tuesday, August 27, 2024 and close on Thursday, August 29, 2024. The Anchor Investor Bidding Date shall be Monday, August 26, 2024

• Bids can be made for a minimum of 33 Equity Shares and in multiples of 33 Equity Shares thereafter.

• The floor price is 427 times the face value of the Equity Shares and the Cap price is 450 times the face value of the Equity Shares;

• RHP Link: https://investmentbank.kotak.com/downloads/premier-energies-limited-RHP.pdf

Bhubaneswar: Premier Energies Limited (“The Company”) shall open its Bid/Offer in relation to its initial public offering of Equity Shares on Tuesday, August 27, 2024.

The total offer size includes a Fresh Issue aggregating up to ₹12,914 million (“Fresh Issue”) and an Offer for Sale of up to 34,200,000 Equity Shares (“Offer for Sale”) (the “Offer”).

The Anchor Investor Bidding date shall be on Monday, August 26, 2024and the Bid Offer will be closed on Thursday, August 29, 2024.

The Price band of the Offer is ₹ 427 to ₹ 450 per Equity Share (“Price Band”).

Bids can be made for a minimum of 33 Equity Shares and in multiples of 33 Equity Shares thereafter (“Bid Lot”).

The Company proposes to utilise net proceeds from the Fresh Issue towards – (i) Investment in its Subsidiary, Premier Energies Global Environment Private Limited for part-financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India estimated to be ₹ 9,686.03 million to be deployed in FY 2025 and FY 2026; and (ii) General corporate purposes (the “Objects of Offer”)

The Offer for Sale of up to 34,200,000 Equity Shares comprises up to 26,827,200 Equity Shares by South Asia Growth Fund I Holdings LLC, up to 172,800 Equity Shares by South Asia EBT Trust (the “Investor Selling Shareholder”)and up to 7,200,000 Equity Shares by Chiranjeev Singh Saluja. (“the Promoter Selling Shareholder”) (together the “Selling Shareholders”).

A discount of ₹ 22 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion (“Employee Reservation Portion Discount”).

The Equity Shares are being offered through the Red Herring Prospectus of the Company dated August 20, 2024 (“Red Herring Prospectus” / “RHP”) filed with the Registrar of Companies, Telangana at Hyderabad (“ROC”), SEBI and the Stock Exchanges.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with the BSE, the “Stock Exchanges”). For the purposes of the Offer, the Designated Stock Exchange shall be BSE.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”). In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price.

Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Investors (“NIIs”) (“Non-Institutional Category”) of which one-third of the Non-Institutional Category shall be available for allocation to Bidders with a Bid size of more than ₹200,000 and up to ₹1,000,000 and two-thirds of the Non-Institutional Category shall be available for allocation to Bidders with a Bid size of more than ₹1,000,000 and under-subscription in either of these two subcategories of Non-Institutional Category may be allocated to Bidders in the other sub-category of Non-Institutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further, not less than 35% of the Net Offer shall be available for allocation to Retail Individual Investors (“RIIs”) (“Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.

All Bidders (except Anchor Investors) shall mandatorily participate in the Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter)) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the Sponsor Bank(s), as the case may be. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, see “Offer Procedure” beginning on page 495 of the Red Herring Prospectus.

Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and ICICI Securities Limited are the Book Running Lead Managers to the Offer (“BRLMs”).

All capitalized terms used herein but not defined shall have the same meaning as ascribed to them in the RHP.