IPO Details
Bidding Dates
27 Aug 24 - 29 Aug 24
Price Range ₹
427 - 450
Total Equity
₹ 2830.91Cr
Lot Size
33
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
7.69×
Qualified Institutional Buyers
216.67×
Employees
11.43×
Retail Investors
7.69×
Total subscription Rate
74.38×
IPO Timeline
Offer start
27 Aug 2024
Offer end
29 Aug 2024
Allotment
30 Aug 2024
Refund initiation
02 Sept 2024
Demat transfer
02 Sept 2024
Listing
03 Sept 2024
Offer start
27 Aug 2024
Offer end
29 Aug 2024
Allotment
30 Aug 2024
Refund initiation
02 Sept 2024
Demat transfer
02 Sept 2024
Listing
03 Sept 2024
About Company
Premier Energies Limited, incorporated in April 1995, specializes in the manufacturing of integrated solar cells and solar panels. The company's product portfolio includes solar cells, solar modules, monofacial modules, bifacial modules, EPC solutions, and O&M solutions. The company operates five manufacturing units, all located in Hyderabad, Telangana, India. Premier Energies boasts a diverse clientele, including NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited, Continuum, Shakti Pumps, First Energy, Bluepine Energies Private Limited, Luminous, Hartek Solar Private Limited, Green Infra Wind Energy Limited (a subsidiary of Sembcorp Green Infra Limited), Madhav Infra Projects Limited, SolarSquare Energy Private Limited, and Axitec Energy India Private Limited. As of July 31, 2024, Premier Energies held an order book valued at ₹59,265.65 million, comprising ₹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 a strong international presence, exporting its products to the 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 the Philippines. As of June 2024, Premier Energies employed 1,447 people and engaged 3,278 contract laborers.
Year Founded
-0
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 70.32 | 64.25 |
| Share Capital | 296823381 | 289623381 |
Offer to Public
6,29,09,200.00 Cr
Highlights
- Premier Energies has shown a consistent and significant increase in revenue, reflecting strong business growth and market demand for its products.
- The company serves a wide range of clients, including major IPPs, OEMs, and off-grid operators, with a strong presence among prominent industry players like NTPC, Tata Power, and Panasonic.
- Premier Energies' focus on environmental sustainability through initiatives like its zero liquid discharge system highlights its dedication to responsible business practices, which is increasingly important to investors.
- The company’s integrated operations and backward integration approach provide a competitive edge in both domestic and international markets, particularly in the DCR solar module segment.
- With a presence in 23 states and Union Territories across India, Premier Energies has a broad domestic market footprint, which supports its revenue streams and market penetration.
Challenges
- A significant portion of revenue is dependent on the top five customers, making the company vulnerable to the loss or reduction of business from any of these clients.
- The company's growth is heavily dependent on the continued success of its solar cells and modules, which poses a risk if market demand for these products declines.
- The concentration of manufacturing operations in Telangana exposes the company to localized risks that could disrupt operations and negatively impact financial performance.
- The company has experienced financial losses in FY22 and FY23, which could indicate ongoing financial challenges and impact investor confidence.
- Persistent losses in several subsidiaries, including those receiving net proceeds, could strain the overall financial health of Premier Energies and limit its ability to achieve profitability.
