Premier Energies, a solar cell manufacturer, has opened its initial public offering (IPO) for subscription, offering a fresh issue of equity shares to raise up to ?1,291 crore. The IPO includes an offer for sale where existing shareholders will offload shares. The funds raised will be directed towards expanding production capacity, enhancing research and development, and strengthening the company’s market position in the renewable energy sector. The IPO is seen as a significant step for Premier Energies as it seeks to capitalize on the growing demand for solar energy solutions in India.
