The Australian Premium Solar IPO started on January 11, 2024, and ended on January 15, 2024. Shares were allocated on January 16, 2024, and refund processes began on January 16, 2024. On January 17, 2024, the shares were credited to investors demat accounts. Australian Premium Solar was officially listed on the stock exchange on January 18, 2024.
During the IPO, Australian Premium Solar India offered shares at a price range of ₹51 to ₹54 per share, and the lot size was 2000 shares. The total issue size was ₹28.08 crores with ₹28.08 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
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Australian Premium Solar IPO Subscription Status
The Australian Premium Solar IPO on January 15, 2023 was subscribed 464.19 times, with the retail category being subscribed 535.77 times, the NII category being subscribed 772.87 times and the QIB category being subscribed 107.02 times.
| Category | Subscription |
| QIB | 107.02x |
| NII | 772.87x |
| Retail | 535.77x |
| Total | 464.19x |
Australian Premium Solar IPO Basic Details
| Company Name | Australian Premium Solar India Limited |
| Domain of Company | Solar Panel Manufacturing Company |
| Australian Premium Solar IPO Open Date | January 11, 2024 |
| Australian Premium Solar IPO Close Date | January 15, 2024 |
| Australian Premium Solar IPO Allotment Date | January 16, 2024 |
| Australian Premium Solar IPO Listing Date | 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 |
| Company Promoters | Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, and Mr. Nikunjkumar Chimanlal Patel |
About Australian Premium Solar India Limited
Founded in 2013, Australian Premium Solar (India) Limited creates two kinds of solar panels: monocrystalline and polycrystalline. These panels are used for homes, farms, and businesses.
Monocrystalline panels are more efficient and look darker and more even. This is because of their single-crystal structure, allowing us to place the copper-coated ribbons strategically without affecting the appearance much.
On the other hand, polycrystalline panels have a blue or speckled look due to their multi-crystal structure, and we may need to adjust the placement of ribbons to fit their less uniform appearance.
Apart from making solar panels, we also install them and solar pumps for homes and industries. For agricultural clients, we provide installation services specifically for solar pumps.
As of August 31, 2023, we’ve installed solar panels for over 10,000 customers. More than 9,500 of these are on residential rooftops, and over 1,300 are solar pumps for agriculture.
Our manufacturing facility is in Sabarkantha, Gujarat, India, and as of July 31, 2023, we have a total of 169 employees.
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Australian Premium Solar IPO FAQs
What is the start and end date of Australian Premium Solar IPO Subscription?
The Australian Premium Solar IPO started on January 11, 2024 and ended on January 15, 2024.
When does Australian Premium Solar IPO Subscription open?
The Australian Premium Solar IPO open on January 11, 2024.
When does Australian Premium Solar IPO Subscription close?
The Australian Premium Solar IPO Close on January 15, 2024.
What is the allotment date of Australian Premium Solar IPO?
The allotment date for Australian Premium Solar IPO is January 16, 2024.
When is the initial refund date of Australian Premium Solar IPO?
The initial Refund date for Australian Premium Solar IPO is January 17, 2024.
When were the shares credited to investors demat accounts for the Australian Premium Solar IPO?
The shares for the Australian Premium Solar IPO were credited to investors demat accounts on January 17, 2024.
When will Australian Premium Solar IPO be listed on the stock market?
Australian Premium Solar IPO stock market will be listed on January 18, 2024 at 10 am.
What was the price range of the Australian Premium Solar IPO shares?
The Australian Premium Solar IPO shares were offered at a price range of ₹51 to ₹54 per share.
What was the lot size for the Australian Premium Solar IPO shares?
The lot size for the Australian Premium Solar IPO shares was 2000 shares.
What was the total issue size of the Australian Premium Solar IPO?
The total issue size of the Australian Premium Solar IPO was ₹28.08 crores.
How were the shares allocated among different types of investors for the Australian Premium Solar IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Australian Premium Solar IPO listed?
The Australian Premium Solar IPO was listed on the NSE SME.
What is the Australian Premium Solar IPO Subscription Status?
Australian Premium Solar IPO is subscribed 464.19 Times.
