Premier Energies Ltd. IPO

Here are the key details of the IPO for Premier Energies Limited

Company Overview

Company Name: Premier Energies Limited

IPO Details

Face Value of Equity Shares: Rs.1 each

Fresh Issue Size: Up to Rs.15,000 million

Offer for Sale Size: Up to 28,200,000 equity shares aggregating up to Rs.[-] million

Company Business

Premier Energies Limited has 29 years of experience in the solar industry and has grown to become India’s second-largest integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW, respectively, as of March 31, 2024. The company is also the second-largest domestic manufacturer of solar cells in terms of annual installed capacity. Premier Energies' business operations include the manufacturing of solar photovoltaic (PV) cells, solar modules (including custom-made panels for specific applications), execution of EPC projects, independent power production, O&M services related to EPC projects, and the sale of other solar-related products. The company operates five manufacturing facilities located in Hyderabad, Telangana, India, all on owned land. Premier Energies serves a diverse customer base, including several IPPs, OEMs, and off-grid operators such as NTPC, TATA Power Solar Systems Limited, Panasonic, Continuum Green Energy, Shakti Pumps, First Energy, Bluepine Energies, Luminous, Hartek Solar, Green Infra Wind Energy, Madhav Infra Projects, SolarSquare, and Axitec. As of March 15, 2024, Premier Energies had an order book of Rs.53,620.51 million, which includes orders for non-DCR solar modules, DCR solar modules, solar cells, and EPC projects.