Premier Energies Limited IPO : Solar Energy IPO
Premier Energies Limited IPO launch from August 27 to 29, 2024 , The company manufacture Solar Panels and renewable energy helping to reduce carbon emissions which is the plan of future India and this IPO is very good for investment here there are key points which you may have in your mind about this company before you invest in it :
Premier Energies Limited is an important company in India’s renewable energy sector, especially known for making solar cells and modules. It was started in 1995 by Surender Pal Singh Saluja and has grown to become the second-largest company in India for producing these solar products. The company started small but quickly expanded to meet the growing need for clean energy in India and other countries.
As of March 2024, Premier Energies can produce 2 GW of solar cells and 3.36 GW of solar modules each year. The company plays a significant role in India’s push towards renewable energy, helping to reduce carbon emissions. Their products are used not just in India but are also exported to big markets like the United States.
Looking to the future, Premier Energies plans to expand even more. They are raising money through an IPO to build a new facility in Hyderabad, which will increase their production capacity to 4 GW. This new facility will help them keep up with the growing demand for high-efficiency solar products. They are also adopting new technologies to stay ahead in the industry.
Although the future looks bright for Premier Energies, they do face some challenges. They rely heavily on a few key customers and are exposed to risks from regulations in other countries where they export their products. But with their strong foundation and focus on growth, Premier Energies is well-positioned to continue leading in the renewable energy sector.
Premier Energies Limited is getting ready to launch its Initial Public Offering (IPO) from August 27 to 29, 2024. This means they are offering the public a chance to buy shares in the company to raise money, which could be between ₹2,751.74 crore and ₹2,830.4 crore. The funds will come from two sources: issuing new shares worth ₹1,291.4 crore and selling existing shares totaling ₹1,539 crore.
Premier Energies Limited IPO Key Points:
Here some key points for premier energy is limited IPO which you have to see before investing in it :
- Price of Shares: Each share will cost between ₹427 and ₹450.
- Buying Shares: You need to buy at least 33 shares, costing about ₹14,850.
- For Retail Investors: 35% of the shares are reserved for individual investors like you.
- Stock Exchanges: The shares will be listed on both the NSE and BSE, which are major stock exchanges in India.
About the Company:
Premier Energies is a major player in the solar energy industry in India. They are the second-largest manufacturer of solar cells and modules in the country, with a capacity to produce 2 GW of solar cells and 3.36 GW of solar modules annually. The company plans to use the money from the IPO to build a new 4 GW solar cell and module manufacturing plant in Hyderabad. This will help them increase production and grow their business.
Financial Overview:
The company has been growing quickly, with its revenue increasing by an average of 42.71% per year from 2021 to 2023. In the first quarter of 2024, they made ₹1,657.37 crore, showing strong financial performance.
Risks:
However, there are some risks. The company relies heavily on a few key customers and export markets, which could be problematic if anything changes. They also depend on the solar industry, so any changes in technology or government policies could affect their business.
Premier Energies Limited IPO : Solar Energy IPO Analysis
Key Highlights
- An integrated solar cell and solar module manufacturer.
- Business operations involve the manufacturing of solar photovoltaic cells and solar modules using different module technologies.
- CAGR rise of 61% in its revenue from operations between FY22 and FY24.
- Sales customizable and add hoc solar related product depending upon customer requirements executes EPC Project along with O & M Services.
- Operates five manufacturing faculties in Hyderabad Telangana with an annual installed capacity of 2GW for solar cells and 4.13 GW for solar modules.
- Customers include Tata Power Solar System Panasonic Sakthi pumps first energy blue pine energies luminous green infra wind energy Madhav Infra projects solar square energy and axitech.
- Has an order book of 5926 Crore as of 31 July 2024.
This IPO is very unique and for future investment if you are looking for a long term investment in energy sector then this is best IPO for you to invest . This company has bigger plans for future energy solar panel system which is very good. So if you are looking for an IPO which is related to solar panel for future of India then this IPO is for you.
Disclaimer
The content in this blog post is intended for informational purpose solely, and should not be constructed as financial advice. We do not hold SEBI registration as advisers. Previous performance does not assure future outcomes. It is always recommended to conduct through research and seek advice from a financial expert before making investment choices.