Australian Premium Solar (India) IPO vs IBL Finance IPO

Comparision between Australian Premium Solar (India) IPO and IBL Finance IPO.

IPO Details

Australian Premium Solar (India) IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while IBL Finance IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Australian Premium Solar (India) IPO	IBL Finance IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Fedex Securities Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Market-Hub Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Australian Premium Solar (India) IPO is up to ₹28.08 Cr whereas the issue size of the IBL Finance IPO is up to ₹33.41 Cr. The final issue price of Australian Premium Solar (India) IPO is ₹54.00 per share and of IBL Finance IPO is ₹51.00 per share.

	Australian Premium Solar (India) IPO	IBL Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share
Issue Price (Upper)	₹54.00 per share
Issue Price (Final)	₹54.00 per share	₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	52,00,000 shares	65,50,000 shares
Fresh Issue Size (Amount)	up to ₹28.08 Cr	up to ₹33.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,00,000 shares	65,50,000 shares
Issue Size Total (Amount)	up to ₹28.08 Cr	up to ₹33.41 Cr

IPO Timetable

Australian Premium Solar (India) IPO opens on Jan 11, 2024, while IBL Finance IPO opens on Jan 09, 2024. The closing date of Australian Premium Solar (India) IPO and IBL Finance IPO is Jan 15, 2024, and Jan 11, 2024, respectively.

	Australian Premium Solar (India) IPO	IBL Finance IPO
Anchor Bid Date	Jan 10, 2024
Issue Open	Jan 11, 2024	Jan 09, 2024
Issue Close	Jan 15, 2024	Jan 11, 2024
Basis Of Allotment (Tentative)	Jan 16, 2024	Jan 12, 2024
Initiation of Refunds (Tentative)	Jan 17, 2024	Jan 15, 2024
Credit of Share (Tentative)	Jan 17, 2024	Jan 15, 2024
Listing date (Tentative)	Jan 18, 2024	Jan 16, 2024
Anchor Lockin End date 1	Feb 15, 2024	Feb 11, 2024
Anchor Lockin End date 2	Apr 15, 2024	Apr 11, 2024

Financials

Australian Premium Solar (India) IPO P/E ratio is 23.58, as compared to IBL Finance IPO P/E ratio of 48.08.

Australian Premium Solar (India) IPO

IBL Finance IPO

Financial

Australian Premium Solar (India) Limited Financial Information (Restated)

Australian Premium Solar (India) Limited's revenue decreased by -3.43% and profit after tax (PAT) rose by 23.27% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,416.89	3,918.90	3,468.37	3,501.67
Revenue	5,027.28	9,495.86	9,832.92	7,443.97
Profit After Tax	113.16	333.43	270.48	180.11
Net Worth	1,563.37	1,446.62	1,113.19	847.10
Reserves and Surplus	109.37	1,444.62	1,111.19	845.10
Total Borrowing	196.23	222.13	299.37	328.96
Amount in ₹ Lakhs

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,317.60	2,218.11	1,022.85	339.10
Revenue	492.58	1,333.13	327.08	112.59
Profit After Tax	120.60	192.83	42.73	-9.88
Net Worth	2,169.34	2,048.74	355.47	312.73
Reserves and Surplus	351.27	1,139.71	29.47	-13.27
Total Borrowing	7.51	9.12	640.58
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

85.55%

Promoter Shareholding (Post-Issue)

73.64%

62.89%

P/E Ratio

23.58

48.08

Market Cap

₹106.60 Cr.

₹126.13 Cr.

ROE

26.05%%

9.41%%

ROCE

30.62%%

18.88%%

Debt/Equity

0.15

EPS

₹2.29

₹1.06

RoNW

23.05%%

9.41%%

Shares Offered

In the Australian Premium Solar (India) IPO retail investors (RII) are offered 17,30,000 shares while in IBL Finance IPO retail investors are offered 17,30,000 shares. Qualified institutional buyers (QIB) are offered 9,88,000 shares in Australian Premium Solar (India) IPO and 0 shares in IBL Finance IPO.

	Australian Premium Solar (India) IPO	IBL Finance IPO
Anchor Investor Reserveration	14,80,000 shares
Market Maker Reserveration	2,60,000 shares	3,30,000 shares
QIB	9,88,000 shares	0 shares
NII	7,42,000 shares	31,10,000 shares
RII	17,30,000 shares	31,10,000 shares
Employee	0 shares	0 shares
Others
Total	34,60,000 shares	62,20,000 shares

Bids Received (Subscription)

Australian Premium Solar (India) IPO subscribed 464.19x in total, whereas IBL Finance IPO subscribed 17.00x.

	Australian Premium Solar (India) IPO	IBL Finance IPO
QIB (times)	107.02x
NII (times)	772.87x	9.94x
Big NII (times)
Small NII (times)
RII (times)	535.77x	24.03x
Employee (times)
Other (times)
Total (times)	464.19x	17.00x

Compare with others

Australian Premium Solar (India) IPO	IBL Finance IPO
Qualitek Labs IPO	Konstelec Engineers IPO
Euphoria Infotech India IPO	Maxposure IPO
Konstelec Engineers IPO	Shree Marutinandan Tubes IPO
Maxposure IPO	Australian Premium Solar (India) IPO
Shree Marutinandan Tubes IPO	Lawsikho IPO
Lawsikho IPO	New Swan Multitech IPO
IBL Finance IPO	Kaushalya Logistics IPO
New Swan Multitech IPO	Akanksha Power and Infrastructure IPO
Kaushalya Logistics IPO	HRH Next Services IPO
Akanksha Power and Infrastructure IPO	MCPL IPO

1 Comments

1. BhagirathSinh Parmar

| Link|January 15, 2024 8:51:11 AMReply

What is minimum lot requirement to get confirmed allotment in New Swan and Australian Premium Solar