Premier Energies Ltd IPO

The Company is an integrated solar cell and solar module manufacturer.

The Company has a long track record in the solar module manufacturing sector.

The Company is experienced in solar cell line production.

The Company has a diversified customer base with customer relationships both within India and overseas with a robust order book.

The Company has an experienced Promoter-led senior management team.

Its revenue from operations is dependent upon a limited number of customers and the loss of any of these customers or loss of revenue from any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

The business and prospects of the Company is dependent on the success of two products namely, solar cells and modules, and therefore their continued success is necessary for its business and prospects.

Its manufacturing facilities are located in the state of Telangana, India, which exposes its operations to potential geographical concentration risks arising from local and regional factors which may adversely affect its operations and in turn its business, results of operations and cash flows.

The company incurred losses of Rs.(144.08) million and Rs.(133.36) million in Fiscals 2022 and 2023, respectively, and any similar losses in the future may adversely affect its business, financial condition and cash flows.

Most of its Subsidiaries have incurred losses at some point in the last three Fiscals and the three months ended June 30, 2024, and any similar losses in the future may adversely affect its business, financial condition and cash flows. This includes Premier Energies Global Environment Private Limited, the Subsidiary to which the Net Proceeds will be applied.

The company had negative cash flows of Rs(155.29) million in Fiscal 2023 and Rs.(410.48) million in the three months ended June 30, 2024 and may continue to have negative cash flows in the future.

Under-utilization of its manufacturing capacities and an inability to effectively utilize its expanded and proposed manufacturing capacities could have an adverse effect on the companys business, prospects, financial performance and cash flows.

Expansion of its annual installed capacity despite existing underutilization may adversely affect itsbusiness, financial condition and results of operations if there is insufficient demand for the company products.

The Company experienced a significant decline in actual production and annual installed capacity of solar modules in the past three Fiscals and the three months ended June 30, 2024. Should similar decreases occur in the future, its business, financial condition and results of operations may be adversely affected.

The proceeds from the Offer for Sale will be paid to the Selling Shareholders.