Australian Premium Solar (India) Limited IPO
Australian Premium Solar (India) Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹51–₹54 per share. The stock debuted at ₹140, delivering a listing gain of 159.3%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,08,000.
Australian Premium Solar (India) Limited IPO
- IPO Dates
- Jan 11, 2024 – Jan 15, 2024
- Price band
- ₹51-54 per equity share
- Minimum Investment
- ₹1,08,000
- Issue size
- ₹28.08 Cr
- Lot size
- 2000
- Allotment Date
- Jan 16, 2024
- Listing
- Jan 18, 2024
- Listing At
- NSE SME
IPO timeline
-
Jan 11, 2024
Open Date
Completed
-
Jan 15, 2024
Close Date
Completed
-
Jan 16, 2024
Allotment Date
Completed
-
Jan 18, 2024
Listing Date
Completed
Australian Premium Solar (India) Limited IPO Essentials
Australian Premium Solar (India) Limited IPO Details
Australian Premium Solar (India) Limited IPO is priced at ₹51-54 per share with a total issue size of 28.08 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹51-54 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,200,000 shares(aggregating up to ₹28.08 Cr)
- Total issue size
- 52,00,000 shares
(aggregating up to ₹28.08 crore) - Fresh issue
- 52,00,000 shares
(aggregating up to ₹28.08 crore) - Listing at
- NSE SME
- List price
- 140.0
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,08,000 |
| Retail(max) | 1 | 2000 | ₹1,08,000 |
| NII (min) | 2 | 4,000 | ₹2,16,000 |
Australian Premium Solar (India) Limited IPO Documents
Australian Premium Solar (India) Limited IPO Reservation
Australian Premium Solar (India) Limited IPO reservation details show category-wise allocation of shares. Out of the total 5,200,000 shares, approximately 19% are reserved for QIB, 14.27% for NII, 33.27% for retail investors, 5% for market maker, and 28.46% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,480,000 (28.46%) | |
| Market Maker Shares Offered | 260,000 (5%) | |
| QIB Shares Offered | 988,000 (19%) | |
| NII (HNI) Shares Offered | 742,000 (14.27%) | |
| Retail Shares Offered | 1,730,000 (33.27%) | |
| Total Shares Offered | 5,200,000 (100%) |
Australian Premium Solar (India) Limited IPO Analytics
Australian Premium Solar (India) Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Australian Premium Solar (India) Limited IPO Subscription Status
Australian Premium Solar (India) Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 988,000 / 742,000 | 1,730,000 | 3,460,000 |
|
Day 1
11-01-24 06:00 PM
|
(0.07 / 19.61) x | 45.20 x | 26.82 x |
|
Day 2
12-01-24 06:00 PM
|
(5.62 / 55.59) x | 114.20 x | 70.62 x |
|
Day 3
15-01-24 06:00 PM
|
(106.80 / 772.68) x | 533.76 x | 462.88 x |
Australian Premium Solar (India) Limited Valuations
Earnings
- EPS Pre IPO
- ₹2.29/-
- P/E Pre IPO
- 23.58
Returns
- ROE
- 26.05%
- ROCE
- 30.62%
- RoNW
- 23.05%
Fundamentals
- Debt / Equity
- 0.15
Australian Premium Solar (India) Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 3,918.90 | 3,468.37 | 3,501.67 |
| Revenue | 9,495.86 | 9,832.92 | 7,443.97 |
| Profit After Tax | 333.43 | 270.48 | 180.11 |
| Net Worth | 1,446.62 | 1,113.19 | 847.10 |
| Reserves & Surplus | 1,444.62 | 1,111.19 | 845.10 |
| Total Borrowing | 222.13 | 299.37 | 328.96 |
Australian Premium Solar (India) Limited Company & Offer Insights
About Australian Premium Solar (India) Limited
Incorporated in 2013, Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar modules besides offering EPC services for residential, agricultural, and commercial purposes.
The company offers two different types of solar panels:
Monocrystalline photovoltaic panel: Monocrystalline photovoltaic cells are far more efficient. They also look darker, all the same and uniform. That means busbars (copper-coated thin ribbons) can be more strategically placed, without seriously diminishing the aesthetics of the module.
Polycrystalline solar panels: The solar cells used in polycrystalline solar panels have a blue or speckled appearance due to their multicrystalline structure; busbars may need to be positioned to accommodate the less uniform appearance of these cells.
The company also offers installation services for solar panels and solar pumps for residential and industrial end users, whereas it also offers installation services for solar pumps for agricultural end users.
By August 31, 2023, the company has so far installed solar panels on more than 10,000 customers of whom more than 9500 are installed on rooftops of houses and more than 1300 with solar pumps for agriculture.
The company has a manufacturing plant in Sabarkantha, Gujarat, India. As at July 31, 2023, the company had employed a total of 169 employees.
Australian Premium Solar (India) Limited Promoter(s)
Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, Mr. Nikunjkumar Chimanlal Patel are the company's promoters of Australian Premium Solar (India) Limited.
Australian Premium Solar (India) Limited IPO Issue Objectives
- •
- Funding capital expenditure.
- •
- To Meet Working Capital Requirements.
- •
- General Corporate Purpose.
- •
- To meet Public Issue Expenses.
Australian Premium Solar (India) Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Australian Premium Solar (India) Limited | 2.29 | 2.29 | 9.95 | 23.58 | 23.05 | 5.43 | Standalone |
| Zodiac Energy Limited | 2.18 | N/A | 24.64 | 40.79 | 8.85 | 3.61 | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the BSE on March 31, 2023, divided by the Basic EPS.
- Return on Net Worth (RoNW) is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Information
Contact Details
Australian Premium Solar (India) Limited
+91 87359 32511
compliance@australianpremiumsolar.co.in
http://www.australianpremiumsolar.co.in/
Tajpur, NH-08 TA-Prantij, Sabarkantha - 383205
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Australian Premium Solar (India) Limited IPO is a book-built IPO worth ₹28.08 crore. The price band is ₹51–₹54 per share. The IPO opens on Jan 11, 2024 and closes on Jan 15, 2024. It will be listed on NSE SME Platform. Link Intime India Private Ltd is the registrar.
The price band of Australian Premium Solar (India) Limited IPO is ₹51 to ₹54 per share.
The lot size of Australian Premium Solar (India) Limited IPO is 2000 shares.
The minimum investment for Australian Premium Solar (India) Limited IPO is approximately ₹1,08,000 based on the upper price band .
Australian Premium Solar (India) Limited IPO opens on Jan 11, 2024 and closes on Jan 15, 2024.
The allotment date of Australian Premium Solar (India) Limited IPO is Jan 16, 2024.
Australian Premium Solar (India) Limited IPO is expected to be listed on Jan 18, 2024, on NSE SME Platform.
Australian Premium Solar (India) Limited IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B N/A, RoNW 23.05%, and market cap N/A.
To apply for Australian Premium Solar (India) Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Australian Premium Solar (India) Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Australian Premium Solar (India) Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Australian Premium Solar (India) Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Australian Premium Solar (India) Limited IPO allotment status on IPO Ji for quick and easy access.