January 18, 2024
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Australian Premium Solar IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Australian Premium Solar IPO Post Listing Review The shares are listed at Rs. 140, premium of 159.26% over the issue price. The listing is much above the expectations of the Grey market.
What is the last GMP of Australian Premium Solar IPO?*
Premium: Rs. 55
Subject to Rs. 83600 
Australian Premium Solar IPO Subscription
On 15 January 2024 5.00 pm (Day 4)Closed
Review: Solid Response on last day
QIB: 2470000 Shares 107.02 T
NII: 741000 Shares 772.87 T
RII: 1729000 Shares 535.77 T
Total: 4940000 Shares 464.19 T
What is the business of Australian Premium Solar ?
Australian Premium Solar (India) Limited is in the business of manufacturing of Monocrystalline and Polycrystalline Solar Panels and Engineering, procurement, and construction (“EPC”) services thereof. The Company has modern manufacturing facility at Tajpur, Sabarkantha, Gujarat that helps in delivering quality and latest technology products in the industry. The products manufactured by the Company are used in residential, agricultural and commercial installations.
The company is primarily engaged in the manufacturing of Solar Panels and EPC Services of solar systems. The industry term for solar panel is PV Module (Photovoltaic Module) which refers to setup for generating electricity from sunlight, using semiconductor materials in devices called photovoltaic cells or solar cells.
Currently in the solar panel segment, it manufactures both monocrystalline and polycrystalline solar panels at its manufacturing facility spread across in 25,375 square meters, located at Sabarkantha, Gujarat having capacity of 200 MW per annum.
It also provides installation services for solar panels and solar pumps. It undertakes installation services under this segment for household and industrial end users, while also provides solar pump installation services for agricultural end users which enable it to supply our manufactured solar panels along with solar pumps. Till August 31, 2023, it has served more than 10,000 unique customers towards installation of solar modules out of which more than 9500 has been roof top installation for residential use and more than 1300 solar pumps installation for agricultural use.
Get more information about the company @ http://australianpremiumsolar.co.in
| Australian Premium Solar IPO Details | |
| IPO opens on | 11 January 2024 |
| IPO closes on | 15 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5200000 Sh /Rs 28.08 Cr |
| * Fresh Issue | 5200000 Sh /Rs 28.08 Cr |
| * Offer for Sale | – Sh /Rs.? Cr |
| Market Maker Portion | 260000 Sh. |
| Net offer to Public | 4940000 Sh./Rs.31.42 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 51-54 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
| Shares offered in Australian Premium Solar IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 2470000 | 13.34 |
| NII (15%) | 741000 | 4.00 |
| RII (35%) | 1729000 | 9.34 |
| Total Shares | 4940000 | 26.68 |
| Retail portion will be oversubscribed by | 865 | |
| Forms | ||
| How much Shares to Apply in Australian Premium Solar IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 108000 |
| Min HNI Application | 4000 Sh | Rs.216000 |
What are the Objects of Australian Premium Solar IPO?
The Offer comprises of a Fresh Issue Shares
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Funding capital expenditure.
To Meet Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses.
| Australian Premium Solar IPO Tentative timetable | |
| IPO opens on | 11 January 2023 |
| IPO Closes on | 15 January 2024 |
| IPO Allotment on | 16 January 2024 |
| Refund Initiation | 17 January 2024 |
| Credit of Shares | 17 January 2024 |
| Listing on | 18 January 2024 |
| Registered Office of the Company Australian Premium Solar (India) Limited Tajpur, NH-08 TA-Prantij, Sabarkantha – 383205 |
| Who is the Lead Manager of Australian Premium Solar IPO? Beeline Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
| Australian Premium Solar IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 74.44 | 1.80 | 1.24 | 21.26 |
| 2021-22 | 98.33 | 2.70 | 1.86 | 24.30 |
| 2022-23 | 94.96 | 3.33 | 2.29 | 23.05 |
| Book Value of the Share on | 31.03.2023 | Rs 9.95 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 54 | |||
| Australian Premium Solar IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 23.58 |
| Price/BV Ratio | 5.43 |
| Upper price/BV after IPO | |
| As on date of DRHP | FV | Total | PE |
| Rs. | Income In Cr | Ratio of | |
| Australian Premium Solar | 10 | 94.56 23.58 | |
| Zodiac Energy | 10 | 137.66 | 40.79 |
| – | – | – | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Quicklinks
Australian Premium Solar IPO GMP Detail IPO GMP today details?
Australian Premium Solar IPO
Australian Premium Solar IPO FAQs
What is Australian Premium Solar IPO?
Australian Premium Solar IPO is a SME IPO of 52.00,000 equity shares of the face value of Rs. 10 aggregating up to Rs.28.08 Crores. The issue is priced at Rs.51-54 per share. The minimum order quantity is 2000 Shares.
When Australian Premium Solar IPO will open?
Australian Premium Solar IPO opens on January 11, 2024, and closes on January 15, 2024.
What is the lot size of Australian Premium Solar IPO?
Australian Premium Solar IPO lot size is 2000 Shares, and the minimum amount required is Rs.108,000.
How to apply for Australian Premium Solar IPO?
You can apply in Australian Premium Solar 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.
When is Australian Premium Solar IPO allotment?
The finalization of Basis of Allotment for Australian Premium Solar IPO will be done on January 16, 2024, and the allotted shares will be credited to your demat account by January 16, 2024.
When is Australian Premium Solar IPO listing date?
Australian Premium Solar IPO listing date is not yet announced. The tentative date of Australian Premium Solar IPO listing is January 18, 2024.
