Dear friends,
Premier energies IPO opens for subscription from 27th Aug 2024. Market will decide the valuation of pure play Solar cell and module manufacturer’s. Premier energies has 2 GW Cell & 4 GW module capacity with an order book of close to 6000 Crs. Though, it has presence in other verticals like EPC, IPP & O&M, the order book is negligible.
Waaree energies is valued at Mcap/sales of 8x in unlisted zone (FY23 sales).
Let us hope that listed competitor Websol energy gets benefited with the same valuation of 8x to FY25 sales from market as it has better margins than others as of now. Fingers crossed. Please share your views.
https://www.moneycontrol.com/news/business/ipo/solar-module-premier-energies-ipo-12803094.html
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