Premier Energies IPO

Premier Energies' ₹2,830.40 Cr IPO includes a ₹1,291.40 Cr fresh issue and ₹1,539 Cr OFS to fund a 4 GW Solar PV TOPCon manufacturing facility for corporate purposes.

Important Details

Open Date : August 27, 2024 Close Date : August 29, 2024 Allotment Date: August 30, 2024 Listing Date: September 3, 2024

Important Details

IPO Price: INR 427-450 per share Lot Size: 33 Shares Total Issue Size: INR 2,830.40 crores

Fundamental Analysis

Premier Energies IPO shows mixed performance: 1. Strong revenue growth and profitability. 2. Increased EPS boosts confidence. 3. Higher debt and lower liquidity. 4. Slower inventory turnover.

Peer Comparison

Premier Energies: Strong profitability, return on equity, and rising EPS. Websol Energy: Negative performance in profitability and returns, showing significant financial challenges.

Objective

Premier Energies Limited  aims to: 1. Invest in subsidiary. 2. Part-finance 4 GW Solar PV TOPCon & Module facility manufacturing Located in Hyderabad, Telangana.

Risks And Challenges

Premier Energies IPO Risks: 1. Risk of losing key customers. 2. Fluctuations in solar technology demand. 3. High competition & price volatility. 4. Geographical concentration of facilities. 5. Vulnerable to local disruptions.