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Australian Premium Solar (India) IPO Date, Review, Price, Allotment Details

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Australian Premium Solar (India) Limited is one of the recognized brands in the solar industry, which is in the business of manufacturing Monocrystalline and Polycrystalline Solar Panels and Engineering, procurement, and construction (“EPC”) services thereof. The Company has a modern manufacturing facility at Tajpur, Sabarkantha, Gujarat that helps in delivering quality and latest technology products in the industry. The products manufactured by the Company are used in residential, agricultural, and commercial installations.

The company is primarily engaged in the manufacturing of Solar Panels and EPC Services of solar systems. The industry term for solar panels 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.

Australian Premium Solar manufactures 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. On the other hand, Polycrystalline solar cells have a blue or speckled appearance due to their multiple crystal structures, bus bars may need to be positioned to accommodate the less uniform appearance of these cells.

Objects of the Issue:

  • Funding capital expenditure.
  • To Meet Working Capital Requirements.
  • General Corporate Purpose.
  • To meet Public Issue Expenses.

Australian Premium Solar (India) IPO Review

  • To be updated soon

Australian Premium Solar (India) IPO Date & Price Band 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
RHP Draft Prospectus: Click Here
Anchor Investors in IPO: Click Here

Australian Premium Solar (India) IPO Market Lot

The Australian Premium Solar (India) IPO minimum market lot is 2000 shares with a ₹108,000 application amount.

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹108,000
Retail Maximum 1 2000 ₹108,000
S-HNI Minimum 2 4400 ₹216,000

Australian Premium Solar (India) IPO Dates

The Australian Premium Solar (India) IPO date is January 11 and the IPO close date is January 15. The IPO allotment date is  January 16 and the IPO might list on January 18.

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

You can check IPO subscription status and IPO allotment status on their respective pages.

Australian Premium Solar (India) IPO Form

How to apply Australian Premium Solar (India) IPO? You can apply Australian Premium Solar (India) IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Australian Premium Solar (India) IPO in the Invest section. The other option you can apply Australian Premium Solar (India) IPO via IPO forms download via the NSE website. Check out the Australian Premium Solar (India) forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

Australian Premium Solar (India) Company Financial Report

₹ in Crores
Year Revenue Expense PAT
2021 ₹74.44 ₹72.03 ₹1.80
2022 ₹98.33 ₹94.67 ₹2.71
2023 ₹94.96 ₹90.44 ₹3.33
2024 6M ₹- ₹- ₹-

Australian Premium Solar (India) IPO Valuation – FY2023

Check Australian Premium Solar (India) IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS): ₹2.29 per Equity Share
Price/Earning P/E Ratio: 2.29
Return on Net Worth (RoNW): 23.05%
Net Asset Value (NAV): ₹9.95 per Equity Share

Peer Group

  • Zodiac Energy Limited
  • Mr. Chimanbhai Ranchhodbhai Patel
  • Mrs. Savitaben Chimanbhai Patel
  • Mr. Nikunjkumar Chimanlal Patel

Australian Premium Solar (India) IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Australian Premium Solar (India) IPO Allotment Status

Check Australian Premium Solar (India) IPO allotment status on Link Intime website URL. Click Here

Australian Premium Solar (India) IPO Lead Managers aka Merchant Bankers

  • Beeline Capital Advisors Pvt Ltd

Company Address

Australian Premium Solar (India) Limited
Tajpur,
NH-08 TA-Prantij,
Sabarkantha – 383205
Phone: +91 87359 32511
Email: [email protected]
Website: http://www.australianpremiumsolar.co.in/

Australian Premium Solar (India) IPO FAQs

What is Australian Premium Solar (India) IPO?

Australian Premium Solar (India) IPO is an NSE SME IPO. They are going to raise ₹28.08 Crores via IPO. The issue is priced at ₹51 to ₹54 per equity share. The IPO is to be listed on NSE.

When Australian Premium Solar (India) IPO will open?

The IPO is to open on January 11, 2024 for QIB, NII, and Retail Investors.

What is Australian Premium Solar (India) IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the 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 Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Australian Premium Solar (India)”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Australian Premium Solar (India) IPO through Upstox?

Log in to Upstox 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 Upstox.

How to Apply the Australian Premium Solar (India) IPO through Paytm Money?

Log in to Paytm Money 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 Paytm Money.

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 to ₹54 per equity share.

What is Australian Premium Solar (India) IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹108,000.

What is Australian Premium Solar (India) IPO Allotment Date?

Australian Premium Solar (India) IPO allotment date is January 16, 2024.

What is Australian Premium Solar (India) IPO Listing Date?

Australian Premium Solar (India) IPO listing date is January 18, 2024. The IPO to list on NSE SME.

Note: The Australian Premium Solar (India) IPO details are announced officially. The IPO grey market premium (Australian Premium Solar (India) IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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