The Australian Premium Solar IPO date has been confirmed from January 11, 2024 and closes on January 15, 2024. Read the post to learn about Australian Premium Solar IPO GMP.
Australian Premium Solar IPO is a fixed price issue of Rs 28.08 crores. The price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000.
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Key Details Of Australian Premium Solar IPO
Bidding Dates
January 11-15
Price Range
₹51 to ₹54 per share
Face Value
₹10 per share
GMP
₹55
Australian Premium Solar IPO GMP
The Australian Premium Solar IPO GMP Today is ₹55.
Australian Premium Solar IPO Overview
The Australian Premium Solar (India) IPO is an equity-based public offer for Rs. 28.08 crore of fixed price type. The 52,00,000 shares are a new farm of 0 types ploughed with fresh money. Issuance of the Australian Premium Solar (India) IPO shares will be conducted from January 11, 2024, till January 15, 2024. While the Australian Premium Solar (India) IPO allotment will be completed by January 16, 2024, the giveaway of the shares will occur later. NSE SME will inflow the Australian Premium Solar (India) IPO listing in their extensive trading platform on January 18, 2024, which is a Thursday.
The IPO pricing concern of Australian Premium Solar (India) knows the range of 51 to 54 rupees for each minimum and maximum share. The price that is being quoted today for the Australian Premium Solar IPO is ₹55. A market funding lot of 2000 shares should be considered for the application. To be part of the scheme, a retail investor must put in the range of ₹100,000 as a minimum amount. The minimum lot size for the HNI is for two lots with 4,000 (sixty-nine thousand rupees) shares.
The company manufactures two types of solar panels:
- Monocrystalline solar panels: The solar cells used in the monocrystalline solar panels have a superior efficiency than other types of solar cells, and their appearance has a darker colour with a uniform structure; the busbars (copper-coated thin ribbons) can be easily placed without creating a disturbance in the cosmetic aspect of the busbars.
- Polycrystalline solar panels: The spangly blue or speckles generated by the multicrystalline construction necessitate busbars to be placed differently to accommodate the less uniform structures of these cells.
Australian Premium Solar IPO Details
| IPO Date | January 11, 2024 to January 15, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,200,000 shares (aggregating up to ₹28.08 Cr) |
| Fresh Issue | 5,200,000 shares (aggregating up to ₹28.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,540,000 |
| Share holding post issue | 19,740,000 |
| Market Maker portion | 260,000 shares |
Australian Premium Solar (India) Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 and Surplus | 1,444.62 | 1,111.19 | 845.10 |
| Total Borrowing | 222.13 | 299.37 | 328.96 |
Australian Premium Solar (India) IPO Timeline
| IPO Open Date | Thursday, January 11, 2024 |
| IPO Close Date | Monday, January 15, 2024 |
| Basis of Allotment | Tuesday, January 16, 2024 |
| Initiation of Refunds | Wednesday, January 17, 2024 |
| Credit of Shares to Demat | Wednesday, January 17, 2024 |
| Listing Date | Thursday, January 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2024 |
Company Profile
Australian Premium Solar (India) Limited was founded in 2013 and manufactures monocrystalline and polycrystalline solar modules as well as providing engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications. The company also offers installation services for solar panels and solar pumps for residential and industrial customers, as well as solar pumps for agricultural customers. By August 31, 2023, the company will have installed solar panels for more than 10,000 customers, with over 9500 put
on residential building roofs and over 1300 with solar pumps for agriculture. Sabarkantha, Gujarat, India, is where the company’s production facility is located. The company employed 169 individuals as of July 31, 2023.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Australian Premium Solar (India) Limited |
| Phone number | +91 87359 32511 |
| Email ID | [email protected] |
| Website | australianpremiumsolar.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Australian Premium Solar IPO FAQs
When Australian Premium Solar (India) IPO will open?
The Australian Premium Solar (India) IPO opens on January 11, 2024 and closes on January 15, 2024.
What is the lot size of Australian Premium Solar (India) IPO?
Australian Premium Solar (India) IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.
When is Australian Premium Solar (India) IPO allotment?
The finalization of Basis of Allotment for Australian Premium Solar (India) IPO will be done on Tuesday, January 16, 2024, and the allotted shares will be credited to your demat account by Wednesday, January 17, 2024.
When is Australian Premium Solar (India) IPO listing date?
The Australian Premium Solar (India) IPO listing date is not yet announced. The tentative date of Australian Premium Solar (India) IPO listing is Thursday, January 18, 2024.
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