Incorporated in April 1995, Premier Energies Limited manufactures integrated solar cell and solar panel. The company's product portfolio includes Cell, Solar Module, Monofacial modulesBifacial modules, EPC Solutions and O&M Solutions.
The company has five manufacturing units, all of which are situated in Hyderabad, Telangana, India.
The clientele of the company includes NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited (“Panasonic”), Continuum, Shakti Pumps, First Energy, Bluepine Energies Private Limited, Luminous, Hartek Solar Private Limited (“Hartek”), Green Infra Wind Energy Limited (a subsidiary of Sembcorp Green Infra Limited), Madhav Infra Projects Limited (“Madhav”), SolarSquare Energy Private Limited (“SolarSquare”) and Axitec Energy India Private Limited (“Axitec”).
As of July 31, 2024, the company had an order book of ?59,265.65 million. This total included ?16,091.14 million for non-DCR solar modules, ?22,140.60 million for DCR solar modules, ?18,911.18 million for solar cells, and ?2,122.72 million for EPC projects.
The company has exported its products United States, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia, Canada, Sri Lanka, Germany, Hungary, the United Arab Emirates, Uganda, Turkey, South Korea, China, Taiwan and Philippines.
As of June 2024, the company had 1,447 employees and 3,278 Contract laborers.
| Purpose | Amount (₹ Cr) |
|---|---|
| Investment in the 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 (the “Project”); and | — |
| General corporate purposes | — |
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 3,736 | 3,554 | 2,111 |
| Revenue | 1,669 | 3,171 | 1,463 |
| PAT | 198 | 231 | -13 |
| Net Worth | 27 | 36 | -0 |
| Reserves | 256 | 456 | 224 |
| Total Borrowing | 1,200 | 1,392 | 764 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 31,337,777 (50%) | — |
| NII / HNI | — | 9,401,334 (15%) | — |
| Retail (RII) | — | 21,936,445 (35%) | — |
| Employee | — | 233,644 (0%) | — |
| Total | — | 62,909,200 (100%) | — |
* Amount calculated at upper price band (₹450) · ** Total includes all investor categories
- 1 Initiation of Refund 02 Sep 2024
- 2 Credit of Shares to Demat 02 Sep 2024
- 3 Lock-in Period (30%) September 28, 2024
- 4 Lock-in Period (50%) November 27, 2024
- Retail allocation is good at 35% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 50%.
- The IPO P/E of 26x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹5 compares to post-issue EPS of ₹18 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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