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Australian Premium Solar (India) IPO is a book built issue of Rs 28.08 crores. The issue is entirely a fresh issue of 52 lakh shares.
Australian Premium Solar (India) IPO bidding started from January 11, 2024 and ended on January 15, 2024. The allotment for Australian Premium Solar (India) IPO was finalized on Tuesday, January 16, 2024. The shares got listed on NSE SME on January 18, 2024.
Australian Premium Solar (India) IPO 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.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Australian Premium Solar (India) IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Australian Premium Solar (India) IPO is Spread X Securities.
Refer to Australian Premium Solar (India) IPO RHP for detailed information.
| IPO Date | January 11, 2024 to January 15, 2024 |
| Listing Date | January 18, 2024 |
| 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 Spread X Securities |
Australian Premium Solar (India) IPO offers 5,200,000 shares. 988,000 (19.00%) to QIB, 742,000 (14.27%) to NII, 1,730,000 (33.27%) to RII and 1,480,000 (28.46%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,480,000 (28.46%) |
| Market Maker Shares Offered | 260,000 (5.00%) |
| QIB Shares Offered | 988,000 (19.00%) |
| 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) IPO raises Rs 7.99 crore from anchor investors. Australian Premium Solar (India) IPO Anchor bid date is January 10, 2024. Australian Premium Solar (India) IPO Anchor Investors list
| Bid Date | January 10, 2024 |
| Shares Offered | 1,480,000 |
| Anchor Portion Size (In Cr.) | 7.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 15, 2024 |
Australian Premium Solar (India) IPO opens on January 11, 2024, and closes on January 15, 2024.
| 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 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
| Lot Size Calculator | |||
The company promoters are Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, and Mr. Nikunjkumar Chimanlal Patel.
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 73.64% |
Incorporated in 2013, Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar modules and provides engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications.
The company manufactures two types of solar panels:
The company also provides installation services for solar panels and solar pumps for residential and industrial end users, while it also provides installation services for solar pumps for agricultural end users.
By August 31, 2023, the company has provided more than 10,000 customers with the installation of solar panels, of which more than 9500 have been installed on the roofs of residential buildings and more than 1300 with solar pumps for agriculture.
The company's manufacturing facility is located in Sabarkantha, Gujarat, India. As at July 31, 2023, the company employed a total of 169 people.
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 | ||||
The market capitalization of Australian Premium Solar (India) IPO is Rs 106.6 Cr.
| KPI | Values |
|---|---|
| ROE | 26.05% |
| ROCE | 30.62% |
| Debt/Equity | 0.15 |
| RoNW | 23.05% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.29 | |
| P/E (x) | 23.58 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is in the solar power related business and services. It marked fluctuating top lines with surging profits for the reported periods. With its FY24 super annualized earnings, the issue appears aggressively priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park funds for the long term rewards. Read detail review...
The Australian Premium Solar (India) IPO is subscribed 464.19 times on January 15, 2024 7:30:00 PM. The public issue subscribed 535.77 times in the retail category, 107.02 times in the QIB category, and 772.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 107.02 |
| NII | 772.87 |
| Retail | 535.77 |
| Total | 464.19 |
Total Application : 463,445 (535.77 times)
| Listing Date | January 18, 2024 |
| BSE Script Code | |
| NSE Symbol | APS |
| ISIN | INE0P0001010 |
| Final Issue Price | ₹54 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹54.00 |
| ₹140.00 |
| ₹140.00 |
| ₹147.00 |
| ₹147.00 |
Australian Premium Solar (India) Limited
Tajpur,
NH-08 TA-Prantij,
Sabarkantha - 383205
Phone: +91 87359 32511
Email: compliance@australianpremiumsolar.co.in
Website: http://www.australianpremiumsolar.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: australianpremium.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Australian Premium Solar (India) IPO is a SME IPO of 5,200,000 equity shares of the face value of ₹10 aggregating up to ₹28.08 Crores. The issue is priced at ₹51 to ₹54 per share. The minimum order quantity is 2000 Shares.
The IPO opens on January 11, 2024, and closes on January 15, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Australian Premium Solar (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Australian Premium Solar (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Australian Premium Solar (India) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Australian Premium Solar (India) IPO opens on January 11, 2024 and closes on January 15, 2024.
Australian Premium Solar (India) IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.
You can apply in Australian Premium Solar (India) IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
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. Check the Australian Premium Solar (India) IPO allotment status.
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