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Australian Premium Solar (India) Limited IPO (Australian Premium Solar (India) IPO) Detail. IPO of Rs 28.08 crores

Australian Premium Solar

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 opens for subscription on January 11, 2024 and closes on January 15, 2024. The allotment for the Australian Premium Solar (India) IPO is expected to be finalized on Tuesday, January 16, 2024. Australian Premium Solar (India) IPO will list on NSE SME with tentative listing date fixed as Thursday, 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.

Refer to Australian Premium Solar (India) IPO DRHP for detailed information.

About Australian Premium Solar (India) Limited

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:

  1. 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.
  2. 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.

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) 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) IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Australian Premium Solar (India) IPO Timeline (Tentative Schedule)

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

Australian Premium Solar (India) IPO Lot Size

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

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 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
Amount in ₹ Lakhs

 

Australian Premium Solar (India) Limited Contact Details

Australian Premium Solar (India) Limited
Tajpur,
NH-08 TA-Prantij,
Sabarkantha – 383205
Phone: +91 87359 32511
Email: compliance@australianpremiumsolar.co.in
Websitehttp://www.australianpremiumsolar.co.in/

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