Premier Energies IPO Details
Issue Date
--
Price Range
₹427 - ₹450
Lot Size
33
IPO Size
₹2830.91 Cr
Premier Energies IPO Listing Details
Listing On
3 Sep'24
Issue Price
₹450
Listed Price
₹ 990
Retail Gain/Listing Gain
▲120.00%
Schedule of Premier Energies IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
03/09/2024
Premier energies Company Background
Premier Energies Limited is India’s second largest integrated solar cell and solar module manufacturer with 29 years of experience in the solar industry as of March 31, 2024.
They manufacture solar photovoltaic (“PV”) cells, solar modules including custom-made panels for specific applications, and execute EPC projects among others.
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Premier energies Competitive Strengths
India’s second-largest integrated solar cell and solar module manufacturer; India’s second largest solar cell manufacturer:
Premier Energies Limited is India’s second largest integrated solar cell and solar module manufacturer as well as India’s second largest solar cell manufacturer, as per an F&S Report. The company’s total solar cell capacity has increased from a mere 75MW in 2011 to an aggregate annual installed capacity of 2 GW in 2024. Similarly, their total solar module capacity has increased from 100 MW in 2011 to 3.36 GW in 2024.
Technical expertise in solar cell line production:
Premier Energies transitioned from producing polycrystalline solar cells to monocrystalline PERC solar cells for greater efficiency (Source: F&S Report). The company also has plans to transition towards manufacturing TOPCon solar cells, considering these cells are even more efficient. Their ability to adopt ever-changing technologies is one of their key strengths. Their expertise in production, extensive process knowledge, and precise optimisation enables them to take on the complex and technical process of solar module production with relative ease.
The company has a diversified customer base with strong customer relationships both within India and overseas with a strong order book:
As of December 23, the company had customers in 23 states and union territories in India and 23 overseas customers. As of March 15, 2024, the company had an order book of ₹53,620.51 million of which ₹11,974.98 million was in relation to non-DCR solar modules, ₹32,129.03 million was in relation to DCR solar modules, ₹8,015.92 million was in relation to solar cells and ₹1,500.57 million was in relation to EPC projects.
Risk Factors
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Significant income is derived from the export of solar modules and cells that they are in the process of expanding. Such expansion plans and exports may be dependent on the policies passed by the governments of export countries and any unfavourable change in such policies may hurt the business.
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The company derives significant revenue from only two product categories namely, solar cells and modules. Any reduction in the demand for these two products will hurt their business.
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The company does not have long-term agreements with their suppliers for materials and components. Any inability on the part of such suppliers to supply, in a timely manner, the desired quality and quantity of materials and components, may hurt the business.
Key Strategies
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Expand the company’s overseas presence and increase exports especially in the U.S. market through strategic backward integration of production chain and by establishing manufacturing capabilities outside of India.
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Capitalize on available market opportunities to grow domestic business.
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Expand and upgrade manufacturing capacities using the latest technology.
Premier Energies Limited Key Financials
Here are the key financials for Premier Energies Limited:
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How To Apply for Premier Energies Ltd IPO?
Here are the steps to apply for Premier Energies Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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