Premier Energies shares in focus on bagging multiple orders worth Rs 560 crore

Shares of Premier Energies are expected to remain in focus on Monday after the company announced that it had secured multiple orders worth Rs 560 crore from two domestic Independent Power Producers (IPPs).

“We hereby inform you that Premier Energies International Private Ltd. & Premier Energies Photovoltaic Private Ltd, the subsidiaries of Premier Energies Limited, have received and accepted multiple orders aggregating to Rs 560 crore from two large Independent Power Producer (IPP) and others. These orders include Rs 513 crores for Solar Modules and Rs 47.00 Crores for Solar Cells,” the company said in a press release.

The supply of modules and cells is scheduled to be commenced and conclude from December 2024 to May 2025.


Shares of the company have skyrocketed 181% since their stock market debut in September, rising from their initial public offering (IPO) price of Rs 450.

Premier Energies's IPO received a robust response from investors, with a subscription rate of 74 times at close, driven by substantial bidding from non-institutional investors.

The company manufactures integrated solar cells and panels, offering a product lineup that includes solar cells and both monofacial and bifacial modules, as well as EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) services.

Premier Energies' strong growth potential has attracted significant interest from institutional investors. Notable participants in the company's IPO anchor book include BlackRock, Nomura, Abu Dhabi Investment Authority, DSP India, Morgan Stanley, HDFC Mutual Fund, ICICI Mutual Fund, and PNB Paribas, all of which have contributed to its post-listing rally.