Australian Premium Solar IPO description – Australian Premium Solar (India) specializes in the production of Solar Panels and provides Engineering, Procurement, and Construction (EPC) Services for solar systems. The industry term for solar panels is PV Module (Photovoltaic Module), denoting a setup designed to generate electricity from sunlight by utilizing semiconductor materials in devices known as photovoltaic cells or solar cells. In the solar panel segment, the company currently manufactures both monocrystalline and polycrystalline solar panels. The manufacturing facility spans 25,375 square meters in Sabarkantha, Gujarat, with a production capacity of 200 Megawatts per annum.
The company produces two types of solar panels: (i) Monocrystalline Solar Panels, characterized by more efficiency and a uniform, darker appearance resulting from their single-crystal structure. This structure allows for the strategic placement of bus bars (Copper-coated thin strips) without significant visual impact. (ii) Polycrystalline Solar Panels, distinguished by a blue or speckled appearance due to their multiple crystal structures. In these panels, bus bars may need to be positioned to accommodate the less uniform look of the cells.
Australian Premium Solar (India) also offers installation services for both solar panels and solar pumps. As of 31 August 2023, the company has successfully served over 10,000 distinct customers in the installation of solar modules. Among these installations, over 9,500 were rooftop installations catering to residential use, and more than 1,300 installations were dedicated to solar pumps for agricultural purposes.
Promoters of Australian Premium Solar (India) – Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, and Mr. Nikunjkumar Chimanlal Patel
Table of Contents
Australian Premium Solar IPO Details
| Australian Premium Solar IPO Dates | 11 – 15 January 2024 |
| Australian Premium Solar Issue Price | INR 51 – 54 per share |
| Fresh issue | 5,200,000 shares (INR 26.52 – 28.08 crore) |
| Offer For Sale | NIL |
| Total IPO size | 5,200,000 shares (INR 26.52 – 28.08 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 108,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Australian Premium Solar (India) Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 4M FY 2024 |
| Revenue | 74.16 | 98.12 | 94.56 | 50.17 |
| Expenses | 72.03 | 94.67 | 90.44 | 48.76 |
| Net income | 1.80 | 2.70 | 3.33 | 1.13 |
Australian Premium Solar Offer News
- Australian Premium Solar RHP
- Australian Premium Solar (India) Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Australian Premium Solar (India) Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.24 | 1.86 | 2.29 |
| PE ratio | – | – | 22.27 – 23.58 |
| RONW (%) | 21.26 | 24.30 | 23.05 |
| NAV | 5.83 | 7.66 | 9.95 |
| ROCE (%) | 25.94 | 29.21 | 30.62 |
| EBITDA (%) | 4.75 | 5.25 | 6.16 |
| Debt/Equity | 0.39 | 0.27 | 0.15 |
Australian Premium Solar IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 17 January 2024 | 45 | – | 65,000 |
| 16 January 2024 | 45 | – | 65,000 |
| 15 January 2024 | 42 | – | 63,700 |
| 13 January 2024 | 32 | – | 48,000 |
| 12 January 2024 | 30 | – | 45,600 |
| 11 January 2024 | 30 | – | 46,000 |
| 10 January 2024 | 30 | – | 45,000 |
| 9 January 2024 | 23 | – | 32,500 |
| 8 January 2024 | 20 | – | 30,400 |
Australian Premium Solar IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 988,000 | 1,002,000 | 1,730,000 | 3,720,000 |
| 15 Jan 2024 | 107.02 | 572.19 | 533.76 | 430.77 |
| 12 Jan 2024 | 5.62 | 41.10 | 111.85 | 64.58 |
| 11 Jan 2024 | 0.07 | 14.23 | 43.72 | 24.18 |
Australian Premium Solar IPO Allotment Status
Australian Premium Solar IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Australian Premium Solar IPO Dates & Listing Performance
| IPO Opening Date | 11 January 2024 |
| IPO Closing Date | 15 January 2024 |
| Finalization of Basis of Allotment | 16 January 2024 |
| Initiation of refunds | 17 January 2024 |
| Transfer of shares to demat accounts | 17 January 2024 |
| IPO Listing Date | 18 January 2024 |
| Opening Price on NSE SME | INR 140 per share (up 159.26%) |
| Closing Price on NSE SME | INR 147 per share (up 172.22%) |
Australian Premium Solar Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
Australian Premium Solar Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 22 4918 6200
Email:Â [email protected]
Website:Â www.linkintime.co.in
Australian Premium Solar (India) IPO Contact Details
AUSTRALIAN PREMIUM SOLAR (INDIA) LIMITED
Tajpur, NH-08 TA-Prantij,
Sabarkantha Gujarat- 383205 India
Phone: +91 87359 32511
E-mail: [email protected]
Website: www.australianpremiumsolar.co.in
IPO FAQs
What is the Australian Premium Solar (India) IPO size?
Australian Premium Solar offer size is INR 26.52 – 28.08 crores.
What is the Australian Premium Solar (India) IPO price band?
Australian Premium Solar public offer price is INR 51 – 54 per share.
What is the lot size of the Australian Premium Solar IPO?
Australian Premium Solar offer lot size is 2,000 shares.
What is Australian Premium Solar IPO GMP today?
Australian Premium Solar IPO GMP today is INR 45 per share.
What is the Australian Premium Solar kostak rate today?
Australian Premium Solar kostak rate today is NA per application.
What is Australian Premium Solar Subject to Sauda rate today?
Australian Premium Solar is Subject to the Sauda rate today is INR 65,000 per application.
