Premier Energies Aims to Raise Over $180 Million in Ipo
Premier Energies has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company says it will partly use the proceeds to fund 4 GW of tunnel oxide passivated contact (TOPCon) solar cell and module production.
PV Magazine International 5:37 pm on April 23, 2024
Premier Energies, India's second largest integrated solar cell and module manufacturer, has filed for an IPO with SEBI to raise INR 1,500 crore ($180 million). The proceeds will be used for manufacturing facilities in Hyderabad, investment in the company's global environment segment, and general corporate purposes. With a capacity of 2 GW for solar cells and 3.36 GW for modules as of March 2022, Premier Energies aims to increase production with TOPCon technology.
- Premier Energies files for an IPO with SEBI to raise INR 1,500 crore
- Proceeds will be used for manufacturing facilities and general corporate purposes
- Company is India's second largest integrated solar cell and module manufacturer
- Capacity of 2 GW for solar cells and 3.36 GW for modules
- Aims to increase production with TOPCon technology
https://www.pv-magazine.com/2024/04/22/premier-energies-aims-to-raise-over-180-million-in-ipo/