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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 Australian Premium Solar (India) IPO Logo 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 Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,416.893,918.903,468.373,501.67
Revenue5,027.289,495.869,832.927,443.97
Profit After Tax113.16333.43270.48180.11
Net Worth1,563.371,446.621,113.19847.10
Reserves and Surplus109.371,444.621,111.19845.10
Total Borrowing196.23222.13299.37328.96
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 Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,317.602,218.111,022.85339.10
Revenue492.581,333.13327.08112.59
Profit After Tax120.60192.8342.73-9.88
Net Worth2,169.342,048.74355.47312.73
Reserves and Surplus351.271,139.7129.47-13.27
Total Borrowing7.519.12640.58
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 0
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

1 Comments

1. BhagirathSinh Parmar   I Like It. |Report Abuse|  Link|January 15, 2024 8:51:11 AMReply
What is minimum lot requirement to get confirmed allotment in New Swan and Australian Premium Solar