What you must know about Australian Premium Solar IPO?
by 5paisa Research Team
08 Jan 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 18-Jan-24
- IPO Price Range ₹ 51 to ₹ 54
- Listing Price ₹ 140
- Listing Change 159.3%
- Last Traded Price ₹ 426.85
- Current Change 690.5%
Australian Premium Solar IPO Details
- Open Date 11-Jan-24
- Close Date 15-Jan-24
- Lot Size 2000
- IPO Size ₹ 28.08 Cr
- IPO Price Range ₹ 51 to ₹ 54
- Min Investment ₹ 102,000
- Listing Exchange NSE SME
- Basis of Allotment 16-Jan-24
- Refunds 17-Jan-24
- Credit to Demat Account 17-Jan-24
- Listing Date 18-Jan-24
Australian Premium Solar India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 11-Jan-24 | 0.07 | 19.61 | 45.20 | 26.82 |
| 12-Jan-24 | 5.62 | 55.59 | 114.20 | 70.63 |
| 15-Jan-24 | 107.02 | 772.33 | 533.76 | 463.07 |
Australian Premium Solar IPO Synopsis
Australian Premium Solar Limited IPO is all set to open from 11th January to 15th January 2024. The company is a well-known brand in the solar industry. The IPO includes a fresh issue of 5,200,000 shares worth ₹28.08 cr. The share allotment date is 16th January 2024, and the IPO will be listed on 18th January 2024 on the stock exchanges. The price band is ₹51 to ₹54 per share and the lot size is 2000 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Australian Premium Solar IPO:
Australian Premium Solar Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirements and working expenditure requirements.
● General corporate purposes.
● To fund the public issue expense.
About Australian Premium Solar India
Incorporated in 2013, Australian Premium Solar Limited is a well-known brand in the solar industry for making Monocrystalline and Polycrystalline Solar Panels and Engineering, procurement, and construction (EPC) services and more. Australian Premium Solar’s manufacturing unit is based in Tajpur, Sabarkantha, Gujarat.
The company runs its business under two categories:
● Manufacturing of solar panels
● EPC Services: Under this, the company offers Installation Services for Solar Rooftop and Solar Pump
Australian Premium Solar products find application in commercial, agricultural and residential installations. In addition to manufacturing, the company also offers installation services for solar panels and solar pumps.
The company has an ISO 9001: 2015 certification for Quality Management.
Peer Comparison
● Zodiac Energy Limited
For More Information:
Webstory on Australian Premium Solar IPO
Australian Premium Solar India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 94.56 | 98.12 | 74.16 |
| EBITDA | 5.83 | 5.15 | 3.53 |
| PAT | 3.33 | 2.70 | 1.80 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 39.19 | 34.68 | 35.02 |
| Share Capital | 0.02 | 0.02 | 0.02 |
| Total Borrowings | 24.72 | 23.55 | 26.55 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 2.53 | 2.67 | 5.04 |
| Net cash from / (used in) investing activities | -2.74 | -0.57 | -5.57 |
| Net cash flow from / (used in) financing activities | -1.18 | -0.59 | 1.81 |
| Net increase (decrease) in cash and cash equivalents | -1.39 | 1.51 | 1.28 |
Australian Premium Solar IPO Key Points
-
Strengths
1. The company’s business model is scalable
2. The company is customer-centric and order-driven.
3. It has a good existing client and customer relationship.
4. Experienced promoter and management team.
-
Risks
1. The company is highly dependent on its operations in Gujarat.
2. The company gets subsidies from the government for residential rooftop and agricultural segments. Any changes in this can impact the business.
3. High working capital requirements.
4. A significant portion of the revenue is dependent on the manufacturing of solar panels.
5. Operates in a competitive industry.
Australian Premium Solar
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Australian Premium Solar IPO FAQs
When does the Australian Premium Solar IPO opens and closes?
Australian Premium Solar IPO opens from 11th January to 15th January 2024.
What is the size of the Australian Premium Solar IPO?
The size of Australian Premium Solar IPO is ₹28.08 cr.
How to apply for the Australian Premium Solar IPO?
To apply for Australian Premium Solar IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Australian Premium Solar Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Australian Premium Solar IPO?
The GMP value of every IPO changes daily. To view today's GMP of Australian Premium Solar IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Australian Premium Solar IPO?
The price band of Australian Premium Solar IPO is ₹51 to ₹54 per share.
What is the minimum lot size and investment required for the Australian Premium Solar IPO?
The minimum lot size of Australian Premium Solar IPO is 2000 shares and the investment required is ₹1,02,000.
What is the allotment date of the Australian Premium Solar IPO?
The share allotment date of Australian Premium Solar IPO is 16th January 2024.
What is the Australian Premium Solar IPO listing date?
The Australian Premium Solar IPO will be listed on 18th January 2024.
Who are the book runners for the Australian Premium Solar IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Australian Premium Solar IPO.
What is the objective of the Australian Premium Solar IPO?
Australian Premium Solar Limited plans to utilize the raised capital from the IPO to:
1. To fund the working capital requirements and working expenditure requirements.
2. General corporate purposes.
3. To fund the public issue expense.
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