Premier Energies IPO Sees Major Growth Post-Listing, Overall Story

Premier Energies Limited, India’s second-largest solar cell and module manufacturer, recently went public with an IPO. The IPO issue price was set at Rs. 450 per share, with the listing date on September 3, 2024.

Since its market debut on Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), Premier Energies’ stock has performed impressively. In just five days, the stock price surged by 14.40%, reaching Rs. 1,132.95 on September 9, 2024 on NSE. Over the past month, the stock has seen a remarkable increase of 34.89%, signaling strong investor confidence in the company.

Financial Overview (June 2024):

• Revenue: ₹1,660 crore, a 171.24% year-over-year growth.
• Diluted EPS: 4.7, up by 535.14%.
• Operating Income: ₹282.08 crore, showing a 363.52% increase.

About Premier Energies:

Founded in 1995, Premier Energies is a leading player in the solar industry. It holds the position of the second-largest integrated solar cell and module manufacturer in India, with an installed capacity of 2 GW for solar cells and 3.36 GW for solar modules.

Premier Energies is making significant strides in the renewable energy sector, and its strong stock performance reflects a positive market outlook.