Premier Energies IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Premier Energies IPO. Explore Premier Energies IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Premier Energies Limited is an integrated solar cell and module manufacturer with nearly three decades of expertise in the solar industry. The company offers a comprehensive range of solar products and services, including the production of bifacial monocrystalline PERC cells and the assembly of various solar modules using advanced technologies such as monocrystalline PERC and TOPCon. Premier Energies also provides bespoke solar solutions, executes end-to-end EPC (Engineering, Procurement, and Construction) projects, and offers O&M (Operations and Maintenance) services for solar installations. With five state-of-the-art manufacturing facilities located in Hyderabad, Telangana, the company has an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules. The company’s Unit II facility is India’s first LEED gold-rated solar manufacturing plant, reflecting Premier Energies' commitment to sustainable operations.
Key Points:
- Industry Leader in Solar Manufacturing: Integrated solar cell and module manufacturer with 29 years of experience, specializing in bifacial monocrystalline PERC cells and advanced solar modules.
- Diverse Product Portfolio: Offers a range of solar solutions, including monofacial and bifacial modules, customized solar tiles, and bespoke solar products tailored to specific customer needs.
- EPC and O&M Services: Provides end-to-end solar project services for various installations, including ground-mounted, rooftop, floating, and hybrid systems, along with maintenance services.
- Sustainable Manufacturing Facilities: Operates five facilities with a combined annual capacity of 2 GW for solar cells and 4.13 GW for modules, including India’s first LEED gold-rated solar manufacturing plant.
- Expanding Capacity: Actively expanding its production capabilities with new TOPCon solar cell lines to meet the growing demand for renewable energy solutions.
- Strong Customer Base: Trusted by leading companies like NTPC, TATA Power, and Panasonic, with a diversified order book worth ₹5,926.57 crore as of July 2024.
Objects of the Issue
- Investment in the Subsidiary, Premier Energies Global Environment Private Limited for part-financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 27 Aug - 29 Aug 2024 |
| IPO Price Band | ₹427 - ₹450 per share |
| Fresh Issue | ₹1,291.4 crore |
| Offer For Sale | 34,200,000 shares (₹1,539 crore) |
| Total IPO Size | Approx ₹2,830.4 crore |
| Face Value | ₹1 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 27 Aug 2024 |
| IPO Closing Date | 29 Aug 2024 |
| Basis Of Allotment | 30 Aug 2024 |
| Refunds | 02 Sep 2024 |
| Demat Transfer | 02 Sep 2024 |
| IPO Listing Date | 03 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 767.03 | 1,463.21 | 3,171.31 | 1,668.79 |
| Total Expenses | 783.90 | 1,472.19 | 2,883.26 | 1,423.72 |
| Net Profit/Loss | -14.41 | -13.34 | 231.36 | 198.16 |
| NPM (*) | -1.88 | -0.91 | 7.30 | 11.87 |
| Total Assets | 1,341.49 | 2,110.69 | 3,554.13 | 3,735.50 |
| Total Liabilities | 937.56 | 1,686.44 | 2,894.24 | 2,876.12 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | -0.44 | -0.38 | 5.48 | 4.70 |
| ROE (%) | -4.66 | -3.18 | 43.73 | 26.54 |
| ROCE (%) | 3.63 | 5.94 | 25.65 | 14.26 |
| D/E Ratio | 1.15 | 1.86 | 2.18 | 1.43 |
| Current Ratio | 1.29 | 1.02 | 1.16 | 1.25 |
| EBITDA MARGIN (%) | 7.01 | 7.71 | 15.93 | 22.16 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Premier Energies Limited | 3,143.79 | 82.12 | 5.48 | 37.46 | 14.63 |
| Websol Energy System Limited | 25,86 | NA | -29.99 | NA | NA |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 212.42 |
| Non-Institutional Investor (NII/HNI) | 50.98 |
| Retail Individual Investor (RII) | 7.44 |
| Total | 75 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- SURENDER PAL SINGH SALUJA
- CHIRANJEEV SINGH SALUJA
Lead Managers
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- ICICI Securities Limited
Company Address
Premier Energies Limited
Plot No. 8/B/1 and 8/B/2, E- City, Maheshwaram Mandal, Raviryala Village, K.V. Rangareddy 501 359, Telangana, India
Phone: + 91 90 3099 4222
Email: investors@premierenergies.com
Website: www.premierenergies.com
FAQs
- What is the issue size of the Premier Energies IPO?The Premier Energies IPO has an issue size of Approx ₹2,830.4 crore. This includes a fresh issue of ₹1,291.4 crore and an offer for sale (OFS) of 34,200,000 shares (₹1,539 crore).
- What is the price band of the Premier Energies IPO?The price band for the Premier Energies IPO is ₹427 - ₹450 per share.
- What are the bidding dates for the Premier Energies IPO?The Premier Energies IPO will open for bidding on 27 Aug 2024 and close on 29 Aug 2024.
- What is the allotment date for the Premier Energies IPO?The allotment date for the Premier Energies IPO is 30 Aug 2024.
- What is the listing date for the Premier Energies IPO?The listing date for the Premier Energies IPO is 03 Sep 2024.
- What is the Premier Energies IPO grey market premium?The grey market premium (GMP) for the Premier Energies IPO is currently at ₹487, with an expected listing gain of approximately 108.22%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.