The Australian Premium Solar date has been confirmed from January 11, 2024 and closes on January 15, 2024.
Australian Premium Solar Developers 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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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 is ₹55.
IPO Overview
The Australian Premium Solar (India) IPO is a Rs 28.08 crore book-built issuance. The 52 lakh shares are a completely new issue. The subscription period for the Australian Premium Solar (India) IPO begins on January 11, 2024 and ends on January 15, 2024. The Australian Premium Solar (India) IPO allotment is expected to be completed on Tuesday, January 16, 2024. The Australian Premium Solar (India) IPO will be listed on the NSE SME on Thursday, January 18, 2024.
The IPO pricing range for Australian Premium Solar (India) is established at 51 to 54 rupees per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000. The minimum lot size for HNI is two lots (4,000 shares), totaling ₹216,000.
The company manufactures two types of solar panels:
- Monocrystalline solar panels: The solar cells used in monocrystalline solar panels are more efficient and have a darker, uniform appearance due to their monocrystalline structure, allowing the busbars (copper-coated thin ribbons) to be placed more strategically without significantly detracting from the appearance.
- Polycrystalline solar panels: 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.
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 | australianpremium.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Australian Premium Solar (India) Limited |
| Phone number | +91 87359 32511 |
| Email ID | compliance@australianpremiumsolar.co.in |
| Website | australianpremiumsolar.co.in |
IPO Strenghts
- 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.
