Premier Energies Ltd. share price target

We attended Premier Energies’ (Premier) analyst meet. Premier is among the only two players who are building and are ramping up solar manufacturing capacity. India is building barriers and fending off Chinese competition.

Issue Snapshot:Issue Open: August 27 August 29, 2024Price Band: Rs. 427 450 (Discount of Rs 22 pershare for all eligible employees)*Issue Size: Up to Rs 2830.4 cr (including Freshissue of Rs 1291.4 cr + Offer for sale of34,200,000 eq share including employeereservation of upto Rs.10.0 crReservation for:QIB upyo 50% eq shNon-Institutional atleast 15% eq sh((including 1/3rd for applications between Rs.2lakhs to Rs.10 lakhs))Retail atleast 35% eq shFace Value: Rs 1Book value: Rs 19.36 (June 30, 2024)Bid size: - 33 equity shares and in multiplesthereof100% Book built Issue IPO Note-Premier Energies Limited

Premier Energies Limited founded in April 1995, specializes in manufacturing solar cells and panels. The products include solar cells, monofacial and bifacial modules, EPC solutions and O&M solutions.