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 manufacture both monocrystalline and polycrystalline solar panels at our manufacturing facility spread across in 25,375 square meters, located at Sabarkantha, Gujarat having capacity of 200 MW per annum.
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.
Australian Premium Solar (India) IPO – Details
| IPO Opening Date | 11 January 2024 |
| IPO Closing Date | 15 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 52,00,000 Shares Worth ₹28.08 Crore Fresh Issue: 52,00,000 Shares Worth ₹28.08 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 – ₹54 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Australian Premium Solar (India) IPO – Date Schedule
| IPO Open Date | 11 January 2024 |
| IPO Close Date | 15 January 2024 |
| Basis of Allotment | 16 January 2024 |
| Initiation of Refund | 17 January 2024 |
| Credit of Shares to Demat Account | 17 January 2024 |
| IPO Listing Date | 18 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 15, 2024 |
Australian Premium Solar (India) IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,08,000 |
| Retail (Maximum) | 1 | 2000 | 1,08,000 |
| HNI (Minimum) | 2 | 4000 | 2,16,000 |
Competitive Strengths
- Experienced Promoters and Management Team;
- Long standing relationships with customers;
- Scalable Business Model.
Company Promoters
- Mr. Chimanbhai Ranchhodbhai Patel
- Mrs. Savitaben Chimanbhai Patel
- Mr. Nikunjkumar Chimanlal Patel
Object Of The Issue
- Funding capital expenditure.
- To Meet Working Capital Requirements.
- To meet Public Issue Expenses.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 74.44 | 72.03 | 1.80 | 3.29 |
| 31 March 2022 | 98.33 | 94.67 | 2.70 | 2.99 |
| 31 March 2023 | 94.96 | 90.44 | 3.33 | 2.22 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 23.58 |
| Market Cap (₹ Cr.) | 106.6 |
| ROE | 26.05% |
| ROCE | 30.62% |
| Debt/Equity | 0.15 |
| EPS (Rs) | 1.24 |
| RoNW | 23.05% |
Australian Premium Solar (India) IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.64% |
Australian Premium Solar (India) IPO Prospectus
- Australian Premium Solar (India) IPO DRHP
- Australian Premium Solar (India) IPO RHP
Company Contact Information
| 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/ |
Australian Premium Solar (India) IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: australianpremium.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Australian Premium Solar (India) IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Australian Premium Solar (India) IPO FAQs
| What is Australian Premium Solar (India) IPO? Australian Premium Solar (India) IPO is a SME IPO. The issue is priced at ₹51 – ₹54 per equity share. The IPO is to be listed on NSE SME. |
| When Australian Premium Solar (India) IPO will open? The IPO is to open on 11 January 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Australian Premium Solar (India) IPO? You can apply Australian Premium Solar (India) IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Australian Premium Solar (India) IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Australian Premium Solar (India)”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Australian Premium Solar (India) IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Australian Premium Solar (India)”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Australian Premium Solar (India) IPO Size? Australian Premium Solar (India) IPO size is ₹28.08 crores. |
| What is Australian Premium Solar (India) IPO Price Band? Australian Premium Solar (India) IPO Price Band is ₹51 – ₹54. |
| What is Australian Premium Solar (India) IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,08,000 amount while the maximum bid is 2000 shares with ₹1,08,000. |
| What is the Australian Premium Solar (India) IPO Allotment Date? Australian Premium Solar (India) IPO allotment date is 16 January 2024. |
| What is the Australian Premium Solar (India) IPO Listing Date? Australian Premium Solar (India) IPO listing date is 18 January 2024. The IPO is to list on NSE SME. |
