Premier Energies up 3% as one-year lock-in worth Rs 18,000 crore ends

Premier Energies' stock price has been on a bearish note, down 27 percent since the beginning of the year.

Shares of Premier Energies gained as much as 3 percent to Rs 1,023 in morning deals on Monday, September 1, as the one-year lock-in on a large chunk of its shares comes to an end, unlocking stock worth more than Rs 18,000 crore.

According to Nuvama Alternative and Quantitative Research, nearly 185.2 crore shares, or 41 percent of the company’s equity, will become eligible for trade. Based on Friday’s close, this works out to Rs 18,347 crore.

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It is worth noting that the expiry of the lock-in does not imply an immediate selloff. This just means that these shares are only free to change hands if the holders choose to offload them.

The solar power solutions provider entered the market on September 3 last year with one of the standout listings of 2023, opening at more than double its issue price of Rs 450. The stock quickly surged to an all-time high of Rs 1,388, before giving up some gains.

As of June 2025, promoters hold 64.25 percent in Premier Energies. Over the past year, institutional interest has climbed—mutual funds raised their stake to 8.34 percent from 4.22 percent, while foreign institutions nudged their holding up to 4.41 percent from 3.08 percent. In contrast, small retail shareholders with investments under Rs 2 lakh have edged lower, from 4.05 lakh to 3.7 lakh.

The company’s management, in a July 29 interaction with CNBC TV-18, pointed to strong order wins in the September quarter and guided for steady profitability. In the June quarter, Premier Energies’ operating margin expanded sharply to 30.2 percent, compared with 21.6 percent a year ago.

At about 10 am, shares of the company were trading at Rs 1,015, higher by 2.1 percent from the last closing price. Premier Energies' stock price has been on a bearish note, down 27 percent since the beginning of the year.

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