• Invest
    Investment Suite
    Stocks
    Mutual Funds
    Future and Options
    IPO
    Exchange Traded Funds
    Commodity
    Stockcase (Stock Baskets)
    Currency
    Non Convertible Debentures
    Sovereign Gold Bond
    Exclusive
    NRI Account
    Private Client Group
    Features
    SipIt
    MTF
    Investment Suite
    Exclusive
    Features
  • Platform
    Product Suite
    Kotak Neo App & Web
    Nest Trading Terminal
    NEO Trade APIs
    Features and Tools
    MTF
    Securities Accepted as Collateral
    Margin Requirements
    Equity Screeners
    Payoff Analyzer
    Calculators
    SIP Calculator
    Lumpsum Calculator
    Brokerage Calculator
    Margin Calculator
    MTF Calculator
    SWP Calculator
    CAGR Calculator
    Simple Interest Calculator
    ELSS Calculator
    Step up SIP Calculator
    All Calculators
    Product Suite
    Features and Tools
    Calculators
  • Pricing
  • Research
    Research Calls
    Long Term calls
    Short Term calls
    Intraday calls
    Derivatives calls
    Pick of the week
    Top Monthly Picks
    Research Reports
    Fundamental Research Report
    Technical Research Report
    Derivative Research Report
    Research Calls
    Research Reports
  • Market
    Stocks
    Market Movers
    Large Cap
    Mid Cap
    Small Cap
    Indices
    Nifty 50
    Bank Nifty
    FinNifty
    Nifty Midcap India
    VIX
    All Indian Indices
    Mutual Funds
    SBI Mutual Funds
    HDFC Mutual Funds
    Axis Mutual Funds
    ICICI Prudential Mutual Funds
    Nippon India Mutual Funds
    All AMC's
    IPO
    Upcoming IPO
    Current IPO
    Closed IPO
    Recently Listed IPO
    Stocks
    Indices
    Mutual Funds
    IPO
  • Learn
    Resource
    Market Ready
    Kotak Insights
    Infographic
    Podcast
    Webinars
    Youtube Channel
    Quarterly Results
    Investing Guide
    Demat Account
    Trading Account
    Share Market
    Intraday Trading
    IPO
    Mutual Funds
    Commodities
    Currency
    Futures & Options
    Derivatives
    Margin Trading
    Events
    Budget 2024
    Muhurat Trading
    Share Market Holiday
    Market Outlook 2025
    Resource
    Investing Guide
    Events
  • Partner
    Business Associates
    Fund Expert
    Kotak Connect Plus
    Startup connect
  • Support
    FAQs
    Circulars
    Bulletins
    Contact Us
    Forms Download
    Get your Statement

₹ 14850 / 33 shares

IPO Details

RHP/DRHP

Issue Date

27 Aug - 29 Aug'24

Investment/lot

₹ 14850

Price Range

427 - 450

Lot Size

33

IPO Size

₹ 2830.91 Cr

IPO Listing Details

Listing On

3 Sep'24

Issue Price

450

Listed Price

₹ 990

Retail Gain/Listing Gain

120.00%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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.

Click here to know more about Premier Energies Share Price and stay updated on the latest market trends.

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

  • 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.

  • 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.

  • 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

  • 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.

  • Capitalize on available market opportunities to grow domestic business.

  • Expand and upgrade manufacturing capacities using the latest technology.

Here are the key financials for Premier Energies Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

WHAT ARE YOU LOOKING FOR?
Applying for an IPO for the first time?
Here's a video playlist to help you invest in the upcoming Premier Energies Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

04m 01s

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any 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.

Premier Energies IPO FAQs

Premier Energies IPO will list on 2024-09-03.

2830.91 is the issue size of Premier Energies IPO.

The minimum lot size is 33 shares and the investment required is ₹14850.

The price band of Premier Energies IPO is ₹427 to ₹450.

You can read more about Premier Energies and its IPO from the company’s red herring prospectus (RHP) here.

The Premier Energies IPO has an issue size of ₹2830 crores. The IPO opens for subscription on 27/08/2024 and closes on 29/08/2024.

KFin Technologies Limited is the registrar for this IPO.

Open Demat Account to Invest in any IPO
+91 -

personImage
Open Demat Account to Invest in any IPO
+91 -

N
N
[object Object]