Premier Energies IPO - Valuation, Outlook, Key Strategies, Risks, Financials And More: Geojit

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..Geojit Research Report.Premier Energies Ltd. launched its initial public offering on Aug. 27 for subscription and closes 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..Purpose of IPO The primary goal is to invest Rs 968.6 crore in Premier Energies Global Environment Pvt Ltd. to establish a 4 GW Solar PV TOPCon Cell and Module facility in Hyderabad, Telangana, India. .Key strength An integrated solar cell and solar module manufacturer.Long track record in the solar module manufacturing sector.Experienced in solar cell line production.Diversified customer base with customer relationships both within India and overseas with a robust order book..Key strategies Expand the overseas presence and increase the exports especially in the U.S. market through strategic backward integration of the production chain and establishing manufacturing capabilities outside of India.Develop and grow the rooftop solar offering. Capitalize on available market opportunities to grow the domestic business.Expanding and upgrading manufacturing capacities using the latest technology..Key Risks ~67.03% of the company’s revenue relies on its top 10 customers. All manufacturing facilities are located in Hyderabad, Telangana.Nearly half (48.5%) of the company’s purchases are imported from China..Click on the attachment to read the full report:.Premier Energies IPO - Investment Rationale, Strategies, Strengths, Financials, Risks And More: DRChoksey.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 - Valuation, Outlook, Key Strategies, Risks, Financials And More: Geojit

The Rs 2,830.4 crore IPO launched on Aug. 27 and the company has fixed the price band in the range of Rs 427 to Rs 450 Apiece.

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