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Home»IPO Analysis»Premier Energies Limited | IPO Analysis
IPO Analysis

Premier Energies Limited | IPO Analysis

Vicky NagarBy Vicky Nagar27 August 2024Updated:27 August 2024No Comments3 Mins Read
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Company Overview:

Founded in April 1995, Premier Energies Limited has emerged as a leading player in the manufacturing of integrated solar cells and panels. Their product range is diverse and includes:

  • Solar Cells
  • Solar Modules
  • Monofacial Modules
  • Bifacial Modules
  • EPC (Engineering, Procurement, and Construction) Services
  • O&M (Operations & Maintenance) Services

The company operates five advanced manufacturing facilities, all strategically based in Hyderabad, Telangana, India.

Clientele & Global Presence

Premier Energies has built an extensive clientele, serving major industry players like NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited, Continuum, and Shakti Pumps, among others. The company has also established a significant global presence, exporting its products to countries such as the United States, Hong Kong, South Africa, France, UAE, China, Germany, and more.

Key Objectives of the IPO

Project Financing:
Funds will be allocated to its subsidiary, Premier Energies Global Environment Private Limited, to partially finance the creation of a 4 GW Solar PV TOPCon Cell and a 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India.

General Corporate Purposes:
A portion of the funds will be used for general corporate activities.

Promoter Holding

  • Pre-Issue Holding: 72.22%
  • Post-Issue Holding: 66.03%

The key promoters of Premier Energies Limited are Surender Pal Singh Saluja and Chiranjeev Singh Saluja.

Summary of Financial Information:

Period Ended 30-Jun-24 21-Mar-24 31-Mar-23 31-Mar-22
Assets 3,735.50 3,554.13 2,110.69 1,341.49
Revenue 1,668.79 3,171.31 1,463.21 767.03
Profit After Tax 198.16 231.36 -13.34 -14.41
Net Worth 26.96 36.49 -0.24 -0.51
Reserves and Surplus 255.73 455.76 224.4 209.2
Total Borrowing 1,200.16 1,392.24 763.54 453.3
Amount in Rs. Crore

Comparison with Listed Peers:

Company Name P/E P/B RoE (%)
Premier Energies Ltd 24 10 44
Websol Energy System Ltd - 29 -

Key details of the IPO:

  • IPO Dates: 27 to 29 August 2024
  • Price Band: Rs. 427 to Rs. 450 per share
  • Lot Size: 33 shares
  • Listing Date: 3 Sep, 2024
  • Total Issue Size: Rs. 2,830.40 Crores (Fresh Issue: 1241.40 Cr.)
  • Retail Quota: 35%
  • GMP: 73% (Only for informational purposes)
Allotment Link

Note: For additional information & risk factors please refer to the Red Herring Prospectus

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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.

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Vicky Nagar
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Vicky Nagar is an equity trader with 5+ years of experience in trading and investing. He has expertise in equity valuation, sectoral analysis, index analysis, and in identifying the market trends. He is a NISM Certified Research Analyst. Formerly a relationship manager at Kotak Mahindra Bank Limited in the Agri-Business Group, he also has teaching experience at KS School of Business Management, Gujarat University, and as an Academic Associate at IRMA (Institute of Rural Management Anand). He holds a BBA (Gold Medalist) and an MBA (Gold Medalist) in Marketing.

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