Australian Premium Solar (India) IPO Review

 
Australian Premium Solar (India) IPO Review

IPO Open Date: January 11, 2024

IPO Close Date: January 15, 2024

IPO Price: ₹51 to ₹54 per share

Lot Size: 2000 Shares

Listing: January 18, 2024

Australian Premium Solar (India) is scheduled to hit the market on January 11, 2024 and close on January 15, 2024. Australian Premium Solar (India) plans to raise around ₹28.08 Cr through an IPO with a sale of up to 5,200,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Incorporated in 2013, Australian Premium Solar (India) Limited specializes in manufacturing both monocrystalline and polycrystalline solar modules tailored for diverse applications, including residential, agricultural, and commercial sectors. Monocrystalline panels, characterized by their efficient and uniform appearance, boast strategically placed busbars due to their distinct structure. Conversely, the polycrystalline counterparts offer a blue or speckled look, necessitating specific busbar placements to accommodate their less uniform appearance.

Beyond manufacturing, the company extends its expertise in providing comprehensive engineering, procurement, and construction (EPC) services. They cater to a wide clientele by offering installation solutions for both solar panels and pumps, serving the needs of residential, industrial, and agricultural sectors with precision and efficiency.

Australian Premium Solar (India)


Australian Premium Solar (India) IPO Details

Australian Premium Solar (India) IPO opens on Jan 11, 2024, and closes on Jan 15, 2024. The Listing date for Australian Premium Solar (India) IPO is on Jan 18, 2024. The price band for IPO is ₹51 to ₹54 per share and lot size of 2000 Shares.

IPO DateJan 11, 2024 to Jan 15, 2024
Listing DateJan 18, 2024
Price₹51 to ₹54 per share
Lot Size2000 Shares
Issue Size₹33.11 Cr
Face Value₹10 per share

Australian Premium Solar (India) IPO Tentative Timetable

Australian Premium Solar (India) opening date is January 11, 2024 and close date is January 15, 2024. The IPO allotment date is January 16, 2024. The refund initiation of IPO is on January 17, 2024. The credit of shares in demat account is on January 17, 2024. The listing date is on January 18, 2024.

EventDate
IPO OpeningJan 11, 2024
IPO ClosingJan 15, 2024
IPO Allotment DateJan 16, 2024
Refund InitiationJan 17, 2024
Shares Credit to DematJan 17, 2024
Lisiting DateJan 18, 2024

Australian Premium Solar (India) IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lot (2000 shares or ₹108,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹108,000
Retail(Maximum)12000₹108,000
HNI (Minimum)24000₹108,000

Australian Premium Solar (India) IPO Promoter Holding

Pre Issue Share Holding99.98%
Post Issue Share Holding73.64%

Australian Premium Solar (India) IPO Review

Australian Premium Solar (India) Limited has marked its presence significantly in the solar energy sector by catering to a broad spectrum of customers. By August 2023, the company showcased its capabilities by successfully installing solar panels for over 10,000 customers, a majority of which were residential installations. Furthermore, their commitment to sustainable agriculture is evident with the provision of solar pumps for agricultural purposes. Located strategically in Sabarkantha, Gujarat, the company’s manufacturing facility serves as a testament to its dedication to quality and innovation. As of July 2023, the workforce of 169 individuals stands as a testament to its growing operational scale and commitment to renewable energy solutions.

Financially, Australian Premium Solar (India) Limited has displayed a mixed performance, as evident from its fiscal data. While there was a marginal decline of -3.43% in revenue for FY 2023 compared to the previous year, the company managed to enhance its profit after tax by an impressive 23.27%. Crucial financial metrics, such as a P/E ratio of 23.58 and a debt-to-equity ratio of 0.15, provide insights into its valuation and financial structure. Moreover, robust returns on equity (ROE) and capital employed (ROCE) at 26.05% and 30.62%, respectively, indicate efficient utilization of resources and profitability. The net worth and reserves also show a consistent growth trajectory, reflecting the company's financial stability and potential for growth.

The forthcoming IPO by Australian Premium Solar (India) Limited aims to harness the capital markets to further its growth and expansion endeavors. The deployment of the funds from the Fresh Issue is strategically aligned with key organizational objectives. A significant chunk is directed towards funding capital expenditure, highlighting the company's ambition to bolster its infrastructure and technological capabilities. Additionally, addressing working capital requirements underscores the intent to maintain liquidity and operational efficiency. The allocation towards general corporate purposes and meeting public issue expenses ensures that the company is well-positioned to navigate market dynamics and capitalize on emerging opportunities in the renewable energy sector.

Australian Premium Solar (India) IPO Subscription Status (Bidding Details)

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Australian Premium Solar (India) IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Australian Premium Solar (India) IPO FAQs

What is Australian Premium Solar (India) IPO?

Australian Premium Solar (India) is issuing 5,200,000 equity shares with a face value of ₹10 each, totaling up to ₹28.08 Cr. The shares are being offered at a price of ₹51 to ₹54 each, with a minimum order quantity of 2000 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Australian Premium Solar (India) IPO will open?

Australian Premium Solar (India) will open on January 11, 2024 for QIB, NII, and Retail Investors.

When Australian Premium Solar (India) IPO will end?

Australian Premium Solar (India) will end on January 15, 2024.

What is Australian Premium Solar (India) IPO Size?

Australian Premium Solar (India) IPO size is ₹28.08 Cr.

What is Australian Premium Solar (India) IPO Price Band?

Australian Premium Solar (India) price band is ₹51 to ₹54 per share.

What is the Australian Premium Solar (India) IPO Allotment Date?

Australian Premium Solar (India) allotment date is January 16, 2024.

What is the Australian Premium Solar (India) IPO Listing Date?

Australian Premium Solar (India) listing date is January 18, 2024. The IPO is to be listed on BSE and NSE.

How to Apply Australian Premium Solar (India) IPO through Zerodha?

To apply for the IPO “Australian Premium Solar (India)” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Australian Premium Solar (India) IPO through Upstox?

To apply for the IPO “Australian Premium Solar (India)” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Australian Premium Solar (India) IPO Allotment Status?

For Australian Premium Solar (India) IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Australian Premium Solar (India) IPO GMP?

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