Australian Premium Solar IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jan 12, 2024Let’s have a detailed review of the company and analytics of the Australian Premium Solar IPO release date, IPO offer price, subscription, Australian Premium Solar Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 51 to Rs 54 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | January 18, 2024 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2808 Lakh |
| IPO Size | Rs 2808 Lakh |
| Tick Size | 1 |
Australian Premium Solar IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Australian Premium Solar Share Price |
Australian Premium Solar IPO – Summary
Their Company was originally incorporated as “Australian Solar Panel (India) Private Limited” as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated May 23, 2013, issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli.
Subsequently, the name of their company was changed from “Australian Solar Panel (India) Private Limited” to “Australian Premium Solar (India) Private Limited”, pursuant to a special resolution passed by their Shareholders in the Extra-Ordinary General Meeting held on November 27, 2013.
The Promoter of this company is MR. CHIMANBHAI RANCHHODBHAI PATEL, MRS. SAVITABEN CHIMANBHAI PATEL AND MR. NIKUNJKUMAR CHIMANLAL PATEL. The lead manager of the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is Link Intime India Private Limited.
Australian Premium Solar IPO Date
The opening and closing dates of the Australian Premium Solar IPO are January 11, 2024, and January 15, 2024, respectively.
Australian Premium Solar IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 11th Jan | 0.07x | 19.61x | 45.20x | 26.82x |
| 2nd Day – 12th Jan | 5.62x | 55.59x | 114.20x | 70.63x |
| 3rd Day – 15th Jan | ||||
| Shares Offered or Net Issue | 988,000 | 742,000 | 1,730,000 | 5,170,000 |
The shares subscribed by the public will be updated here.
Australian Premium Solar IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Australian Premium Solar Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | January 16, 2024 |
| Refunds Initiation | January 17, 2024 |
| Credit of Shares to Demat Account | January 17, 2024 |
| Share Listing Date | January 18, 2024 |
Australian Premium Solar IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 51 to Rs 54
Australian Premium Solar IPO Equity Size
This Initial Public Issue of 5,200,000 Equity Shares of Rs.10 each for cash at a price of Rs 51 to Rs 54 per equity share aggregating to Rs.2808 Lakh.
Australian Premium Solar IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,200,000 Equity Shares of Rs.10/ each.
Issue Size: 5,200,000 Equity Shares of Rs.10 each, aggregating to Rs.2808 Lakh
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Australian Premium Solar IPO – Live Performance
The listing date of this IPO is January 18, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Australian Premium Solar Share Price |
Australian Premium Solar IPO Grey Market Premium
The Australian Premium Solar Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Australian Premium Solar IPO – Company Overview
Their 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 a setup for generating electricity from sunlight, using semiconductor materials in devices called photovoltaic cells or solar cells.
Currently in the solar panel segment, they manufacture both monocrystalline and polycrystalline solar panels at their manufacturing facility spread across 25,375 square meters, located at Sabarkantha, Gujarat having a capacity of 200 MW per annum.
They manufacture two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. The difference between both lies in their integral raw material i.e., solar cells. A solar cell is typically made of semiconductor materials such as silicon wafers and it is an integral part of any solar-powered device.
In Monocrystalline Panels, solar cells are typically more efficient and have a darker, uniform appearance due to their single-crystal structure allowing for bus bars (Copper coated thin strips) to be placed more strategically without significant visual impact.
Australian Premium Solar IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Jul-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 4416.89 | 3918.90 | 3468.37 | 3501.67 |
| *Total Revenue | 5027.28 | 9495.86 | 9832.92 | 7443.97 |
| Total Expense | 4875.82 | 9043.55 | 9467.06 | 7202.78 |
| Profit After Tax | 113.16 | 333.43 | 270.48 | 180.11 |
Earnings per Equity Share (in Lakh)
| 31-Jul-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 0.78 | 2.29 | 1.86 | 1.24 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 333.43 Lakh, Rs. 270.48 Lakh and Rs. 180.11 Lakh respectively.
Australian Premium Solar IPO – Promoters
The Promoter of this company is:
- MR. CHIMANBHAI RANCHHODBHAI PATEL,
- MRS. SAVITABEN CHIMANBHAI PATEL
- MR. NIKUNJKUMAR CHIMANLAL PATEL
List of Related Parties (Key Managerial Personnel)
- Nikunjkumar Chimanlal Patel – Chairman and Executive Director
- Dhaval Jayeshkumar Suthar – Whole Time Director
- Chimanbhai Ranchhodbhai Patel – Non-Executive Director
- Chetan Babaldas Patel – Independent Director
- Anupriya Tripathi – Independent Director
Australian Premium Solar IPO – Promoters Holding
- Pre-Issue Share Holding – 99.98%
- Post-Issue Share Holding – 73.64%
Australian Premium Solar IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 5200000 Equity Shares aggregating up to Rs.2808 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 260000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 4940000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 1,730,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 742,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 14540000 Equity Shares |
| Equity Shares outstanding after the Issue | 19740000 Equity Shares |
Australian Premium Solar IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding capital expenditure.
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses
Australian Premium Solar IPO – Business Strategy
- Green cities
- Developing renewable energy hybrid projects
- Ensuring round-the-clock power (rtc) supply
- Draft electricity rules, 2021
Australian Premium Solar IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team.
- Long-term Relationship with the Clients.
- Scalable Business Model
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 2.29 | 23.05% | 9.95 |
| 31-Mar-22 | 1.86 | 24.30% | 7.66 |
| Mar-21 | 1.24 | 21.26% | 5.83 |
Australian Premium Solar IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from operations (Rs. in Lakhs) | |
| Australian Premium Solar Limited | 10 | [●] | 2.29 | 23.05% | 9,455.92 |
| Listed Peers | |||||
| Zodiac Energy Limited |
10 | 40.79 | 2.18 | 8.85% | 13,765.92 |
Australian Premium Solar IPO Lead Managers
| Lead Managers |
| 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 Registrar to offer
| Registrar to the Offer |
| 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 – Other Details
- Statutory Auditor – M/s. Sanjay Bajoria & Associates Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – HDFC BANK LIMITED
Australian Premium Solar IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Australian Premium Solar Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Australian Premium Solar IPO Review FAQs
Check out various FAQs related to Australian Premium IPO:
What is the Issue Size of Australian Premium IPO?
The Company is making an initial public offer of 5,200,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Australian Premium IPO?
The price band for this particular IPO ranges between Rs 51 to Rs 54. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Australian Premium IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on January 11, 2024, while the closing date is set at January 15, 2024.
What is the Australian Premium IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 16, 2024, refund initiation is on January 17, 2024, credit of shares is on January 17, 2024, and the share listing date is on January 18, 2024.
What is the Australian Premium IPO Listing Date?
Shares of this company shall be listed in the exchanges on January 18, 2024. The date, when the listing would be done, is stagnant on January 18, 2024.
Who is the Registrar of Australian Premium IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of the Australian Premium IPO?
Here are the promoters of this IPO – MR. CHIMANBHAI RANCHHODBHAI PATEL, MRS. SAVITABEN CHIMANBHAI PATEL AND MR. NIKUNJKUMAR CHIMANLAL PATEL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of an Australian Premium IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Australian Premium Solar IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Australian Premium Solar Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 333.43, 2022 is 270.48, and 2021 is 180.11. PAT from Jul 2023 is 113.16.
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