Premier Energies IPO - Investment Rationale, Strategies, Strengths, Financials, Risks And More: DRChoksey

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..DRChoksey Research Report.Premier Energies Ltd. launched its initial public offering today for subscription and close on Aug. 29. The manufacture of integrated solar cell and solar panel has fixed the price band in the range of Rs 427 to Rs 450 Apiece. The minimum bid size for the IPO is 33 shares.The Rs 2,830.4 crore IPO consists of a fresh issue of Rs 1,291.4 crore and an offer-for-sale of 3.4 crore shares, aggregating to Rs 1,539 crore..Outlook and Valuation: Premier Energies is a leading player in India’s solar manufacturing sector and the second-largest integrated manufacturer of solar cells and modules in the country, with a capacity of 2 GW for solar cells and 4.13 GW for modules. The company has shown strong performance with a 105% CAGR in revenue from FY 2022 to FY 2024, achieving a ROE of 44% and a ROCE of 26% in FY24. Strategic initiatives such as expanding into TOPCon technology and wafer production, alongside benefiting from India’s favorable domestic content requirements, position Premier Energies to capitalize on the growing solar energy market. With India targeting 500 GW of non-fossil fuel capacity by 2030 and expanding export opportunities to markets like the USA, Premier Energies plans to add a 1 GW TOPCon solar cell manufacturing plant by FY25 and further expand with an additional 4 GW TOPCon solar cell line and 4 GW TOPCon solar module line. A robust order book of Rs 59,266 million across DCR and non-DCR solar modules, solar cells, and EPC projects provides strong growth visibility for the near to medium term. The company is valued at a price/earning multiple of 87.7 times FY24 adjusted EPS , which is in line with or cheaper than its some of the similar companies, leading us to assign a Subscribe rating for the IPO of Premier Energies..Click on the attachment to read the full report:.Premier Energies IPO Fully Subscribed At 2.10 Times On Day One.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Premier Energies IPO - Investment Rationale, Strategies, Strengths, Financials, Risks And More: DRChoksey

The Rs 2,830.4 crore IPO launched today and the company has fixed the price band in the range of Rs 427 to Rs 450 Apiece.

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Premier Energies IPO - Investment Rationale, Strategies, Strengths, Financials, Risks And More: DRChoksey

The Rs 2,830.4 crore IPO launched today and the company has fixed the price band in the range of Rs 427 to Rs 450 Apiece.

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