Australian Premium Solar (India) (NSE SME)
January 11, 2024 – January 15, 2024
| Price | ₹51 - ₹54 |
| Premium | ₹55 |
|---|---|
| Lot size | 2000 |
| Allotment | Jan 16, 2024 |
| Listing | Jan 18, 2024 |
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Subscription
Last updated on 15-Jan-2024 17:06:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 988000 | 105734000 | 107.02 |
| NIB | 742000 | 573332000 | 772.68 |
| RETAIL | 1730000 | 923408000 | 533.76 |
| Total | 3460000 | 1602474000 | 463.14 |
| Retail Apps | 461704 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹56.01 | @8% ₹64.02 | @9% ₹72.02 | @10% ₹80.02 | @11% ₹88.02 | @12% ₹96.02 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 108000 | 865 |
| HNI | 2 | 4000 | 216000 | 371 |
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:
- 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.
- 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
| 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 Spread X Securities |
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 Anchor Investors Details
Australian Premium Solar (India) IPO raises Rs 7.83 crore from anchor investors. Australian Premium Solar (India) IPO Anchor bid date is January 10, 2024. Australian Premium Solar (India) IPO Anchor Investors list
| Bid Date | January 10, 2024 |
| Shares Offered | 1,450,000 |
| Anchor Portion Size (In Cr.) | 7.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 30, 2024 |
Australian Premium Solar (India) IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 26.05% |
| ROCE | 30.62% |
| Debt/Equity | 0.15 |
| RoNW | 23.05% |
Company Financials
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 | Jul 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 4,416.89 | 3,918.90 | 3,468.37 | 3,501.67 |
| Revenue | 5,027.28 | 9,495.86 | 9,832.92 | 7,443.97 |
| Profit | 113.16 | 333.43 | 270.48 | 180.11 |
| Net Worth | 1,563.37 | 1,446.62 | 1,113.19 | 847.10 |
| Reserves | 109.37 | 1,444.62 | 1,111.19 | 845.10 |
| Borrowing | 196.23 | 222.13 | 299.37 | 328.96 |
| Amount in ₹ Lakhs | ||||
Strength
Weakness
Lead Manager(s)
Address
Australian Premium Solar (India) Limited
Tajpur,
NH-08 TA-Prantij,
Sabarkantha - 383205
Phone: +91 87359 32511
Email: compliance@australianpremiumsolar.co.in
Website: http://www.australianpremiumsolar.co.in/