Subscribe for Premier Energies Ltd; Anand Rathi

Anand Rathi, has come out with its report on Premier Energies Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on August 26 2024.

Broker Research

August 27, 2024 / 11:17 IST

IPO

Anand Rathi, IPO report on Premier Energies Ltd

Incorporated in April 1995, Premier Energies Limited manufactures integrated solar cell and solar panel. The company's product portfolio includes Cell, Solar Module, Monofacial modules, Bifacial modules, EPC Solutions and O&M Solutions. The company has five manufacturing units, all of which are situated in Hyderabad, Telangana, India. The clientele of the company includes NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited (“Panasonic”), Continuum, Shakti Pumps, First Energy, Bluepine Energies Private Limited, Luminous, Hartek Solar Private Limited (“Hartek”), Green Infra Wind Energy Limited (a subsidiary of Sembcorp Green Infra Limited), Madhav Infra Projects Limited (“Madhav”), SolarSquare Energy Private Limited (“SolarSquare”) and Axitec Energy India Private Limited (“Axitec”). As of July 31, 2024, the company had an order book of 59,265.65 million. This total included 16,091.14 million for non-DCR solar modules, 22,140.60 million for DCR solar modules, 18,911.18 million for solar cells, and 2,122.72 million for EPC projects.

Valuation and Outlook

We believe that the company is well positioned for future growth due to its strong market position, well diversified customer base along with high technical expertise. Therefore, we recommend “Subscribe – Long Term” rating to the IPO.

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