Australian Premium Solar (India) Limited IPO
NSE SMEListed On: Jan 18, 2024 at ₹ 140.0
₹ 216000 /4000 Shares
*Min Investment
11 Jan, 2024
Open Date15 Jan, 2024
Close Date16 Jan, 2024
Allotment Date18 Jan, 2024
Listing DateAustralian Premium Solar (India) Limited IPO Issue Details
- Issue Price ₹51-54 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 52,00,000 shares(aggregating up to ₹28.08 crore)
- Fresh Share 52,00,000 shares(aggregating up to ₹28.08 crore)
- Listing at NSE SME
- List Price 140.0
- Listing Date 2024-01-18
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Link Intime India Private Ltd
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 Reservation
Australian Premium Solar (India) Limited IPO offers total 5,200,000 shares. Out of which 988,000 (19%) allocated to QIB, 742,000 (14.27%) allocated to NII,1,730,000 (33.27%) allocated to RII, NA (NA%) allocated to employees and 1,480,000 (28.46%) allocated to 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 Documents
Australian Premium Solar (India) Limited IPO Details
Australian Premium Solar (India) Limited IPO is an SME IPO, priced at ₹51-54 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 52,00,000 equity shares, aggregating up to ₹28.08 crores..
The IPO bidding window is open from Jan 11, 2024 to Jan 15, 2024. The allotment is expected to be finalized on Jan 16, 2024, and the tentative listing date is Jan 18, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,08,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,16,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
Australian Premium Solar (India) Limited IPO Subscription Analysis And Details
| 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
Australian Premium Solar (India) Limited Company Financials
| 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 |
About Australian Premium Solar (India) Limited Company
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
Pre Issue Share Holding : 99.98%
Post Issue Share Holding : 73.64%
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 Details
Australian Premium Solar (India) Limited
Tajpur, NH-08 TA-Prantij, Sabarkantha - 383205
+91 87359 32511
Registrar Contact Details
Australian Premium Solar (India) Limited IPO - FAQs
Ans. Australian Premium Solar (India) Limited IPO is a SME IPO. The issue is priced at ₹51-54 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jan 11, 2024, and closes on Jan 15, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Australian Premium Solar (India) Limited IPO opens on Jan 11, 2024 and closes on Jan 15, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Australian Premium Solar (India) Limited IPO is 5,200,000 shares(aggregating up to ₹28.08 Cr).
Ans. The Australian Premium Solar (India) Limited IPO price band is set between ₹51-54 per equity share.
Ans. To apply for Australian Premium Solar (India) Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Australian Premium Solar (India) Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Australian Premium Solar (India) Limited IPO is Jan 16, 2024.
Ans. The Australian Premium Solar (India) Limited IPO will be listed on Jan 18, 2024.
Ans. Follow the steps to check the Australian Premium Solar (India) Limited IPO allotment status online.
