Premier Industrial Corporation to Launch IPO with 2.79 Crore Shares; Plans Manufacturing Expansion

Mumbai, September 30, 2025: Premier Industrial Corporation Limited  has announced that it has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI). The IPO will include a fresh issue of up to 2.25 crore equity shares and an offer for sale of up to 54 lakh shares. The company will list its equity shares on both BSE and NSE. Unistone Capital Pvt Ltd is the book running lead manager while MUFG Intime India Pvt Ltd is the registrar.

Premier Industrial Corporation manufactures welding raw materials and consumables including ferro alloys, metals, chemicals, mineral powders, and wires made of low and non-alloy steel, stainless steel, and nickel-based alloys. Its products cater to industries such as construction, infrastructure, energy, automotive, aerospace, shipbuilding, and heavy engineering. The company was established in 2007, and is headquartered in Mumbai, Maharashtra.

Premier Industrial IPO OFS Details

Arvind Chhotalal Morzaria will sell 21,70,800 shares, followed by Dilip Chhotalal Morzaria with 17,40,030 shares, Subhash Chhotalal Morzaria with 10,78,770 shares, Lalit Navinchandra Morzaria with 3,41,895 shares, and Nirmala Navinchandra Morzaria with 68,505 shares.

Premier Industrial IPO Working Capital Key Fundraising Motive

The company will utilise ₹67 crore for working capital requirements, ₹58.96 crore for expansion at Wada Unit, Maharashtra, ₹51.23 crore for constructing a new manufacturing facility at Khalapur, Raigad, and the balance amount for general corporate purposes.

Premier Industrial IPO Revenue From Operations At ₹4,763.89 Crore

In FY25, the company reported revenue from operations of ₹4,763.89 crore, up from ₹3,394.88 crore in FY24 and ₹3,706.45 crore in FY23, reflecting steady growth over the past three years. Profit after tax (PAT) rose to ₹512.26 crore in FY25, compared with ₹335.68 crore in FY24 and ₹126.69 crore in FY23, indicating a strong upward trend in profitability. The company’s net worth increased consistently, from ₹1,133.37 crore in FY23 to ₹1,467.69 crore in FY24, reaching ₹1,978.64 crore in FY25. Earnings per share (EPS) also improved significantly, standing at ₹6.41 in FY25, up from ₹4.20 in FY24 and ₹1.58 in FY23, highlighting consistent value creation for shareholders.

REF: https://nsearchives.nseindia.com/corporate/Registration_30092025110728_PremierIndustrialCorporationLimited.pdf

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