Premier Energies Ltd IPO
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Premier Energies Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 628.98 L | ₹ 342 L | ₹ 219.36 L | ₹ 3,048.47 L | BSE | ₹ 2830.4 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 27 Aug, 24 | 29 Aug, 24 | 33 | ₹ 14,091 | Book Building | 03 Sep, 24 |
Premier Energies Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Electric Equipment |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 84.97x | 31337778 | 2662711491 |
| NII | 51.27x | 9401333 | 481973250 |
| Retail | 7.88x | 21936445 | 172754472 |
| Employee | 12.7x | 222222 | 2823084 |
| Total | 52.79x | 62897778 | 3320262297 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Premier Energies Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1,428.53 | 742.87 | 68.63 |
| EBITDA | 34.59 | 44.85 | 78.37 |
| PAT | 13.83 | 17.62 | 42.95 |
| Total Assets | 344.70 | 395.03 | 410.51 |
| Share Capital | 26.35 | 26.35 | 24.95 |
| Total Borrowings | 87.87 | 68.55 | 138.22 |
| Operating Activities (Net Cash) | 22.21 | 26.09 | 52.69 |
| Investing Activities (Net Cash) | 307.12 | 227.64 | 95.11 |
| Financing Activities (Net Cash) | 87.87 | 68.55 | 138.22 |
| Net Cashflow | 43.40 | 112.60 | 60.56 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Premier Energies Ltd
Premier Energies Limited was originally incorporated as a private limited company with the name Premier Solar Systems Private Limited under the provisions of the Companies Act, 1956, at Hyderabad, India, pursuant to a certificate of incorporation dated April 3, 1995, issued by the Registrar of Companies, Andhra Pradesh. Subsequently, pursuant to a Board resolution dated May 6, 2019 and a resolution passed at an extraordinary general meeting dated July 25, 2019, the name of the Company was changed to Premier Energies Private Limited and a fresh certificate of incorporation dated August 6, 2019 was issued by the Registrar of Companies, Telangana at Hyderabad (RoC). Upon the conversion of the Company into a public limited company, pursuant to a Board resolution dated September 3, 2019 and a Shareholders' resolution dated September 4, 2019, the name of the Company was changed to Premier Energies Limited and a fresh certificate of incorporation dated September 25, 2019 was issued by the RoC.
Premier Energies Limited operates in the solar manufacturing industry in India which is on an accelerated growth trajectory owing to supply side measures such as the domestic content requirement, basic customs duty and approved list of models and manufacturers. India's module manufacturing capacity reached approximately 72 GW in FY2024 and while its current solar cell manufacturing capacity stands at 8.1 GW, it is also poised for future exponential growth. India's strong commitment to renewable energy, ambitious targets and favorable regulatory framework have attracted substantial investments in solar power projects, positioning India as a key player in the global solar market.
Premier Energies Limited is an integrated solar cell and module manufacturer with an annual installed capacity of 2 Gigawatts (GW) for cells and 4.13 GW for modules as of June 30, 2024. In addition, to manufacturing solar cells and modules, the company provides engineering, procurement and construction (EPC) solutions, operations and maintenance (O&M) services and also operate as an independent power producer (IPP). As of the date of this Red Herring Prospectus, the company has five manufacturing facilities which are all located in Hyderabad, Telangana, India, and it conducts its operations through eight subsidiaries in India and overseas.
Peer Comparison:
- Websol Energy System Ltd
Premier Energies Ltd IPO Key Points
Strengths
- The Company is an integrated solar cell and solar module manufacturer.
- The Company has a long track record in the solar module manufacturing sector.
- The Company is experienced in solar cell line production.
- The Company has a diversified customer base with customer relationships both within India and overseas with a robust order book.
- The Company has an experienced Promoter-led senior management team.
Risk
- Its revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The business and prospects of the Company is dependent on the success of two products namely, solar cells and modules, and therefore their continued success is necessary for its business and prospects.
- Its manufacturing facilities are located in the state of Telangana, India, which exposes its operations to potential geographical concentration risks arising from local and regional factors which may adversely affect its operations and in turn its business, results of operations and cash flows.
Strategy
- Expand its overseas presence and increase its exports especially in the U.S. market through strategic backward integration of its production chain and establishing manufacturing capabilities outside of India.
- Develop and grow its rooftop solar offering.
- Capitalize on available market opportunities to grow its domestic business.
- Expanding and upgrading manufacturing capacities using the latest technology.
- The Company is an integrated solar cell and solar module manufacturer.
- The Company has a long track record in the solar module manufacturing sector.
- The Company is experienced in solar cell line production.
- The Company has a diversified customer base with customer relationships both within India and overseas with a robust order book.
- The Company has an experienced Promoter-led senior management team.
How To Apply for Premier Energies Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
