Australian Premium Solar IPO, Review, Band Price, Allotment Details

Australian Premium Solar (India) IPO Details: Australian Premium Solar’s (India) initial public offering date has been fixed: it will open January 11 and close on January 15. As per NSE SME listing rules, its goal of raising Rs28.08 crores through an initial public offering (IPO) has been fixed at between Rs51 to Rs54 per share with 2000 shares being allotted as market lot lots.

Australian Premium Solar IPO Review Band Price Allotment Details

Australian Premium Solar:

Australian Premium Solar (India) Limited is one of India’s renowned names in the solar industry, engaged in producing Monocrystalline and Polycrystalline solar panels as well as engineering procurement construction (“EPC”) services in Tajpur, Sabarkantha Gujarat at their modern production facility for quality products with cutting-edge technologies that serve both residential, agricultural, and commercial installations.

Australian Premium Solar manufacture Solar Panels and provide EPC Services of the solar systems. Industry terminology refers to solar panels as PV Module (Photovoltaic Module), which refers to any setup designed to create electricity by harvesting sunlight through photovoltaic cells called photovoltaic cells or solar cells.

Australian Premium Solar currently produce both monocrystalline and polycrystalline solar panels at their production facility spanning 25,375 square meters located in Sabarkantha Gujarat with an annual production capacity of 200MW per annum.

Australian Premium Solar offers two different kinds of solar panels: Monocrystalline and Polycrystalline panels. Their major distinction lies in their individual raw materials – solar cells. Solar cells  typically constructed from semiconductor materials such as silicon wafers, which is an essential part of any solar-powered device we use.

Monocrystalline panels often boast higher efficiency solar cells that possess darker, uniform appearance due to a single crystal structure; bus bars (Copper coated thin strips) may then be placed more strategically without significant visual impacts from placement of copper coated thin strips (bus bars).

Conversely, polycrystalline solar cells often appear blue or speckled due to multiple crystal structures; in order to accommodate their less uniform look bus bars may need to be strategically positioned around each cell for best performance.

Offer details and objectives:

  1. Finance Capital expenditure.
  2. Maintain Working Capital Needs.
  3. General Business Purpose.
  4. Meet Public Issue Expenses.

Australian Premium Solar IPO Dates & Band Price Details:

IPO Open:January 11, 2024
IPO Close:January 15, 2024
IPO Size:Approx ₹28.08 Crores, 5,200,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹51 to ₹54 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here

Australian Premium Solar IPO Market Lot :

Investors may bid on at least 2000 shares and any multiples.

The details of minimum and maximum investment amounts by retail investors as well as HNI investors for retail investing or high net-worth investing (HNI) is provided below.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹108,000
Retail Maximum12000₹108,000
S-HNI Minimum24400₹216,000

Australian Premium Solar IPO Allotment & Listing Dates:

IPO Open Date:January 11, 2024
IPO Close Date:January 15, 2024
Basis of Allotment:January 16 2024
Refunds:January 17, 2024
Credit to Demat Account:January 17, 2024
IPO Listing Date:January 18, 2024

Australian Premium Solar Company Financial Report:

YearRevenue (₹ Crores)Profit (₹ Crores)
202174.441.80
202298.332.71
Financial Metric202120222023
Revenue (₹ in Crores)74.44Data unavailable94.96 (first 6 months)
Expenses (₹ in Crores)72.03Data unavailable90.44 (first 6 months)
Profit After Tax (PAT) (₹ in Crores)1.80Data unavailable3.33 (first 6 months)
EBITDA (₹ in Crores, estimated)5.44 (42.12% increase from previous year)Data unavailableData unavailable
Book Net Worth (₹ in Crores, estimated)54.95 (27.85% increase from previous year)Data unavailableData unavailable

As seen here, the company has experienced consistent revenue and profit increases during its two year journey thus far. Although past performance may indicate future outcomes, it should not necessarily serve as an accurate gauge.

Here are a few additional resources where you can gain more information regarding Australian Premium Solar (India).

  1. IPO documents: You can find these documents on the National Stock Exchange of India website. They contain detailed financial data for three years prior to an IPO and audited financial statements of recent past three years for any company considering an initial public offering (IPO).
  2. Investor presentations: When conducting their IPO process, companies typically gave presentations to investors with financial data and projections for future developments. You may find these on either their company website or financial news websites.
  3. Financial news websites: Bloomberg and Reuters could contain articles regarding Australian Premium Solar (India).

Company details:

CategoryDetails
Peer GroupZodiac Energy Limited
Company PromotersMr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, Mr. Nikunjkumar Chimanlal Patel
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
IPO Allotment StatusCheck Australian Premium Solar (India) IPO allotment status on Link Intime website Click Here
IPO Lead Managers aka Merchant BankersBeeline Capital Advisors Pvt Ltd
Company AddressAustralian Premium Solar (India) Limited
Tajpur, NH-08 TA
Prantij, Sabarkantha – 383205
Phone: +91 87359 32511
Email: [email protected]
Website: Australian Premium Solar

Disclaimer: 

This article should only be taken as general purpose & should not be treated as financial advice. Before making any investment decisions based on this information provided in this article, always seek a qualified financial adviser opinion first.

FAQs:

When Australian Premium Solar IPO is opening?

Australian Premium Solar IPO is opening on 15 January 2024.

What is Australian Premium Solar IPO Lot Size?

Australian Premium Solar IPO Lot Size is ₹28.08 Crores, 5,200,000 Equity Shares

What is Australian Premium Solar IPO Face value?

Australian Premium Solar IPO Face value is ₹10 Per Equity Share

What is Australian Premium Solar IPO price band?

Australian Premium Solar IPO price band is ₹51 to ₹54 Per Equity Share

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