Premier Energies IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Bidders (NIB) | Qualified Institutional Buyers (QIB) |

About Premier Energies Limited

Premier Energies Limited is making significant progress in India's solar energy landscape. With an impressive track record as the country's second-largest integrated solar cell and module manufacturer, the business is clearly committed to sustainability and innovation.

Premier Energies is positioned as a major participant in the market with an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules combined. Their all-inclusive strategy covers the whole value chain of solar power, including solar facility operation and maintenance in addition to engineering, procurement, and construction (EPC) solutions.

Premier Energies is planning to enhance its production capabilities by means of strategic investments, as part of its expansion strategy. The business intends to take advantage of the ambitious government objectives that are supporting the rising demand for sustainable energy in India by constructing additional lines of solar cells and modules.

Premier Energies is dedicated to sustainability even outside of their business. Their commitment to minimising their carbon footprint and promoting a more environmentally friendly future is seen by their active participation in environmental, social, and governance (ESG) projects.

Industry Outlook:

India is expected to become the world's largest producer of solar photovoltaic (PV) modules by 2025, thanks to government backing and rising local installation demand.
It is anticipated that this rise will continue, possibly reaching around 100 GW if the production-linked incentive (PLI) plan is put into place. In India's booming solar energy market, Premier Energies is well-positioned for future success because of its high-quality products and diversified consumers.
The increase in production capacity offers local solar OEMs the chance to expand internationally in an effort to meet certain demands. Exports from Indian module makers have already increased significantly, especially to the US, indicating a promising development for the global competitiveness of the sector.
Premier Energies Limited might benefit from the industry perspective both domestically and globally by utilising its 29 years of knowledge.

Premier Energies Limited IPO Details

Premier Energies Limited IPO Dates

The exact dates are yet to be announced.

Premier Energies Limited IPO Price Band

The exact price range is yet to be announced.

Premier Energies Limited IPO Lot Size

The exact lot size is not announced yet.

Premier Energies Limited IPO Objectives

The company plans to allocate the net proceeds from the issue for the following purposes:

The company plans to allocate ₹11,687.38 million towards funding Premier Energies Global Environment Private Limited (PEGEPL) for establishing a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India.
A significant portion of the funds will be allocated for general corporate purposes, for expenses like maintenance, business development, employee-related costs, marketing, tax payments, and general contingencies.

Peer Details

Websol Energy System Limited is the only listed peer of Premier Energies Limited.

How to Check the Allotment Status of the Premier Energies Limited IPO?

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Log in to the Angel One app
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Premier Energies Limited IPO

Registered office: Plot No. 8/B/1 and 8/B/2, E-City, Maheshwaram Mandal, RaviryalaVillage, K.V. Rangareddy 501359, Telangana, India
Phone: + 91 90 3099 4222
E-mail:investors@premierenergies.com

IPO Financials

Particulars	As at December 31, 2023	Total IncYear ending on March 31, 2023ome	Year ending on March 31, 2022	Year ending on March 31, 2021
Revenue from Operation (in ₹ million)	20,172.06	14,285.34	7,428.71	7,014.58
Profit After Tax (PAT) (in ₹ million)	1,274.02	(133.36)	(144.08)	258.07
Cash and Cash Equivalents (in ₹ million)	2,163.77	645.70	800.99	144.54
Return on Net Worth (%)	24.92	(3.35)	(3.65)	10.63
Net Debt (in ₹ million)	11,936.68	6,989.72	3,731.98	3,307.39
Return on Equity (%)	26.77%	(3.18)%	(4.66)%	10.37%
Return on Capital Employed (RoCE) (%)	15.99%	5.94%	3.63%	14.47%
EBITDA (in ₹ million)	3,088.57	1,128.81	537.38	884.66

Know before investing

Strengths

Premier Energies Limited is the second-largest manufacturer of solar cells and solar modules in India, and it is also the second-largest maker of integrated solar cells. Premier Energies has shown to be a leader in the solar energy industry, with an annual installed capacity of 2 GW for solar cells and 3.36 GW for solar modules.
Premier Energies has effectively entered the domestic content requirement (DCR) solar module market by utilising its integrated structure and profiting from government programs such as the CPSU scheme and the PM-KUSUM scheme. The company's intention to use joint ventures and strategic backward integration to increase manufacturing capabilities in the US further illustrates its dedication to international expansion and market penetration.
Through its journey from polycrystalline solar cells to monocrystalline PERC cells and now to TOPCon cell technology, Premier Energies has a strong commitment to technical developments. The company's technical skills and capacity to keep ahead of market trends are highlighted by its flexibility and innovation commitment, which have established it as a leader in the solar cell manufacturing industry.

Risks

A sizable amount of Premier Energies Limited's revenue is derived from a limited number of clients. The financial viability of the business might be severely impacted by the loss of any important customers or revenue from them. The risk is raised by the potential for customers to switch to rivals or other products, which might lead to lower profits and revenue.
Premier Energies' business has a limited variety of products and is heavily dependent on the performance of solar cells and modules. The profitability and future prospects of the firm are significantly at stake due to factors impacting the market for solar technology, including cost-effectiveness, performance, and regulatory rules. Demand fluctuations or developments in alternative energy sources might have a detrimental effect on Premier Energies' earnings and competitive standing.
Because of its reliance on imported machinery, especially from China, the firm is vulnerable to a number of hazards, such as shifts in governmental regulations, tariffs, and interruptions in logistics. Any moderations in the importing procedure might cause operations to be delayed, which would affect manufacturing plans and general corporate operations. Furthermore, these risks might be made worse by concerns about upcoming trade agreements or customs taxes, which could have an impact on Premier Energies' financial stability and profitability.