Australian Premium Solar (India) IPO Details ( Australian Premium Solar (India) Limited IPO Review )
(11 Jan 2024 – 15 Jan 2024)
Established in 2013, Australian Premium Solar (India) Limited creates two kinds of solar panels:
- Monocrystalline Solar Panels: These panels use solar cells that are super efficient and look uniformly dark because of their special structure. This design allows for strategic placement of copper-coated thin ribbons (busbars) without affecting the appearance much.
- Polycrystalline Solar Panels: The cells in these panels have a blue or speckled look due to their different structure. Busbars might need to be arranged to adjust to the less uniform appearance of these cells.
Aside from making solar panels, the company also offers installation services for solar panels and pumps. They cater to residential, agricultural, and commercial needs.
As of August 31, 2023, the company has successfully installed solar panels for over 10,000 customers. More than 9,500 of these are on the roofs of homes, and over 1,300 are solar pumps for agriculture.
The manufacturing facility is situated in Sabarkantha, Gujarat, India, and as of July 31, 2023, the company has a workforce of 169 people.
Australian Premium Solar (India) Limited Company Product
- Solar Panels
- Monocrystalline Solar Panel
- Polycrystalline Solar Panel
- Solar Grid Inverters
- Solar Grid Inverter
Australian Premium Solar (India) Limited IPO Competitive Strength
- Experienced Promoters and Management Team
- Long term Relationship with the Clients
- Scalable Business Model
Australian Premium Solar India IPO Financials Performance ( Results )
Australian Premium Solar India Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 3,501.67 | 7,443.97 | 180.11 | 847.10 | 845.10 | 328.96 |
| 31-Mar-22 | 3,468.37 | 9,832.92 | 270.48 | 1,113.19 | 1,111.19 | 299.37 |
| 31-Mar-23 | 3,918.90 | 9,495.86 | 333.43 | 1,446.62 | 1,444.62 | 222.13 |
Objective of Australian Premium Solar IPO Issue
- Funding capital expenditure.
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Australian Premium Solar IPO Basic Details
| IPO Date | Jan 11, 2024 to Jan 15, 2024 |
| Listing Date | Thursday, January 18, 2024 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Issue Size | 5,200,000 shares of ₹10 (aggregating up to ₹28.08 Cr) |
| Fresh Issue | 5,200,000 shares of ₹10 (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 |
| Company Promoters | Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, and Mr. Nikunjkumar Chimanlal Patel |
Australian Premium Solar IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Australian Premium IPO Timetable
Australian Premium IPO will open on January 11, 2024 and close on January 15, 2024. You can join Australian Premium IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 11 January 2024 (Thursday) |
| Closing Date | 15 January 2024 (Monday) |
| Basis of Allotment | 16 January 2024 (Tuesday) |
| Initiation of Refunds | 17 January 2024 (Wednesday) |
| Credit of Shares to Demat | 17 January 2024 (Wednesday) |
| Listing Date | 18 January 2024 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 15 January 2024 |
Australian Premium Solar IPO Lot Size
For retail investors in Australian Premium Solar IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹108,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹108,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| S-HNI (Min) | 2 | 4000 | ₹216,000 |
Australian Premium Solar IPO Promoter Holding
The company’s promoters include Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, and Mr. Nikunjkumar Chimanlal Patel.
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.64% |
Australian Premium Solar India Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 106.60 |
| Earning Per Share (EPS) | ₹2.29 per Equity Share |
| Net Asset Value (NAV) | ₹9.95 per Equity Share |
| Post P/E Ratio (P/E) (x) | 23.58 |
| Return on Net Worth (RoNW) (%) | 23.05 |
| Return on equity (ROE) (%) | 26.05 |
| Return on Capital Employed (ROCE) (%) | 30.62 |
| Debt/Equity Ratio | 0.15 |
Australian Premium Solar Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CMP (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Australian Premium Solar (India) Limited | Standalone | 54.00 | 10.00 | 2.29 | 23.58 | 23.05 | 9.95 |
| Peer Group | |||||||
| Zodiac Energy Limited | Standalone | 88.93 | 10.00 | 2.18 | 40.79 | 8.85 | 24.64 |
Australian Premium Solar IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹48 | – | – |
| 15 January 2024 | ₹48 | – | – |
| 14 January 2024 | ₹48 | – | – |
| 13 January 2024 | ₹40 | – | – |
| 12 January 2024 | ₹40 | – | – |
| 11 January 2024 | ₹35 | – | – |
| 10 January 2024 | ₹32 | – | – |
| 9 January 2024 | ₹20 | – | – |
| 8 January 2024 | ₹15 | – | – |
| 7 January 2024 | ₹10 | – | – |
Australian Premium Solar IPO Detail Video:
Australian Premium Solar IPO Subscription Status (Bidding Detail)
The Australian Premium Solar IPO on January 15, 2024 at 7:30:00 PM was subscribed 464.19 times, with the retail category being subscribed 535.77 times, the NII (Non-Institutional Investor) category being subscribed 772.87 times and the QIB (Qualified Institutional Buyer) category being subscribed 107.02 times.
| Category | Subscription |
| QIB | 107.02x |
| NII | 772.87x |
| Retail | 535.77x |
| Total | 464.19x |
Australian Premium Solar IPO Prospectus
| Australian Premium Solar IPO DRHP | Download |
| Australian Premium Solar IPO RHP | Download |
| Australian Premium Solar IPO Anchor Investors Details PDF | Download |
Australian Premium Solar IPO Rating
| Our Rating | 3.5/5.0 |
Australian Premium Solar Company Contact Information
Australian Premium Solar (India) Limited
Registered Office: Tajpur, NH-08 TA-Prantij, Sabarkantha Gujarat- 383205 India
Website: www.australianpremiumsolar.co.in
E-Mail: compliance@australianpremiumsolar.co.in
Telephone No: +91 87359 32511
Company Secretary and Compliance Officer: Ms. Anjeeta Chaorasia
Promoters of Our Company: Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, and Mr. Nikunjkumar Chimanlal Patel
Australian Premium Solar IPO Registrar
Link Intime India Private Limited
SEBI Registration Number: INR000004058
Address: C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India
Tel. Number: +91 22 4918 6200
Fax: 022 – 4918 6060
Email Id: australianpremium.ipo@linkintime.co.in
Investors Grievance Id: australianpremium.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Goapalkrishnan
CIN: U67190MH1999PTC118368
Australian Premium Solar IPO Lead Manager
Beeline Capital Advisors Private Limited
SEBI Registration Number: INM000012917
Address: B 1311-1314 Thirteenth Floor Shilp Corporate Park, Rajpath Rangoli Road Thaltej
Ahmedabad Gujarat 380054 India.
Telephone Number: +91 79 4918 5784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322
Australian Premium Solar IPO FAQs
What is the lot size of Australian Premium Solar IPO?
The total size of Australian Premium Solar IPO is ₹28.08 crores and this is a complete fresh Issue.
When will Australian Premium Solar IPO start?
Australian Premium Solar IPO will open from 11 January 2024 and IPO will close on 15 January 2024.
What is the open date of Australian Premium Solar IPO?
Australian Premium Solar IPO will open date from 11 January 2024.
What is the last date ( close date ) of Australian Premium Solar IPO?
Australian Premium Solar IPO will close from 15 January 2024.
What is the price band of Australian Premium Solar IPO?
Australian Premium Solar IPO price band is ₹51 to ₹54. ( Upper Price Band: ₹54, Lower Price Band: ₹51 )
What is the minimum amount required to apply for Australian Premium Solar IPO?
The minimum investment for retailers to apply for Australian Premium Solar IPO is ₹108,000 and the maximum investment is ₹108,000.
What is going on gray market premium of Australian Premium Solar IPO?
View gray market premium of Australian Premium Solar IPO by Clicking Here
How much is the GMP of Australian Premium Solar IPO?
Watch Australian Premium Solar IPO GMP Today: Click Here
What is the allotment date of Australian Premium Solar IPO?
The allotment date of Australian Premium Solar IPO is 16 January 2024.
How to check allotment status in Australian Premium Solar IPO?
To check the allotment status of Australian Premium Solar IPO, first of all go to the registrar website by clicking here, select your bad Australian Premium Solar IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Australian Premium Solar IPO?
The listing date of Australian Premium Solar IPO is 18 January 2024.
How much will be the listing gain in Australian Premium Solar IPO?
View listing gain of Australian Premium Solar IPO by Clicking Here
How much time Australian Premium Solar IPO is subscribed?
Total 464.19 times subscribed in Australian Premium Solar IPO out of which 535.77 times subscription was done in retail quota, 772.87 times subscription in NII quota, 107.02 times subscription in QIB quota.
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