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Australian Premium Solar Limited IPO
APSL India has the sole mission of making India a true solar leader through the development of indigenous solar products and solutions. Founded in 2013, APS India strives to become an independent manufacturer, seller, and innovator within the Indian solar sector. Their products are backed by ongoing investments in R&D and are designed to offer world-class solutions across segments. Besides helping commercial and residential sectors shift to solar through our indigenous product range, they work to preserve the world that’s grappling with evident climate change and environmental concerns. Their beliefs and research give the vision to believe that solar power is the only feasible alternative to India’s current dependency on coal and fossil fuels.
Australian Premium Solar (India) IPO is a book built issue of Rs 28.08 crores. The issue is entirely a fresh issue of 52 lakh shares. Australian Premium Solar (India) IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Australian Premium Solar (India) IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Australian Premium Solar (India) IPO is Spread X Securities.
Australian Premium Solar (India) IPO Overview
| Detail | Description |
|---|---|
| IPO Date | January 11, 2024 to January 15, 2024 |
| Listing Date | January 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,200,000 shares (aggregating up to ₹28.08 Cr) |
| Fresh Issue | 5,200,000 shares (aggregating up to ₹28.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,540,000 |
| Share holding post issue | 19,740,000 |
| Market Maker portion | 260,000 shares Spread X Securities |
Australian Premium Solar (India) IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, January 11, 2024 |
| IPO Close Date | Monday, January 15, 2024 |
| Basis of Allotment | Tuesday, January 16, 2024 |
| Initiation of Refunds | Wednesday, January 17, 2024 |
| Credit of Shares to Demat | Wednesday, January 17, 2024 |
| Listing Date | Thursday, January 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 15, 2024 |
Australian Premium Solar (India) IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| HNI (Min) | 2 | 4,000 | ₹216,000 |
Australian Premium Solar (India) IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,480,000 (28.46%) |
| Market Maker Shares Offered | 260,000 (5.00%) |
| QIB Shares Offered | 988,000 (19.00%) |
| NII (HNI) Shares Offered | 742,000 (14.27%) |
| Retail Shares Offered | 1,730,000 (33.27%) |
| Total Shares Offered | 5,200,000 (100%) |
Australian Premium Solar (India) IPO Promoter Holding
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 73.64% |
Australian Premium Solar (India) IPO Anchor Investors Details
| Bid Date | January 10, 2024 |
| Shares Offered | 1,480,000 |
| Anchor Portion Size (In Cr.) | 7.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 15, 2024 |
Company & Financials
Incorporated in 2013, 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 manufactures two types of solar panels:
- 1. Monocrystalline solar panels
- 2. Polycrystalline solar panels
The company also provides installation services for solar panels and solar pumps for residential and industrial end users, while it also provides installation services for solar pumps for agricultural end users. By August 31, 2023, the company has provided more than 10,000 customers with the installation of solar panels, of which more than 9500 have been installed on the roofs of residential buildings and more than 1300 with solar pumps for agriculture.
Australian Premium Solar (India) Limited Financial Information
| Period Ended | 31 July 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 4,416.89 | 3,918.90 | 3,468.37 | 3,501.67 | ||||||||||||||||||||||||||||||||||||
| Revenue | 5,027.28 | 9,495.86 | 9,832.92 | 7,443.97 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 113.16 | 333.43 | 270.48 | 180.11 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,563.37 | 1,446.62 | 1,113.19 | 847.10 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 109.37 | 1,444.62 | 1,111.19 | 845.10 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 196.23 | 222.13 | 299.37 | 328.96 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 26.05% |
| ROCE | 30.62% |
| Debt/Equity | 0.15 |
| RoNW | 23.05% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.29 | |
| P/E (x) | 23.58 |
Objectives of Australian Premium Solar (India) IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. Funding capital expenditure.
- 2. To Meet Working Capital Requirements.
- 3. General Corporate Purpose.
- 4. To meet Public Issue Expenses.
Australian Premium Solar (India) IPO Review
The company is in the solar power related business and services. It marked fluctuating top lines with surging profits for the reported periods. With its FY24 super annualized earnings, the issue appears aggressively priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park funds for the long term rewards.
FAQs for Australian Premium Solar (India) IPO
-
What is the issue size of Australian Premium Solar (India) Ltd IPO?
Australian Premium Solar (India) Ltd IPO, which opens for subscription from 11-Jan-2024 to 15-Jan-2024 has an issue size of ₹28.08 crore. The issue type is book building issue.
-
What are the open and close dates for Australian Premium Solar (India) Ltd IPO?
Australian Premium Solar (India) Ltd IPO Opens for subscription from 11-Jan-2024 to 15-Jan-2024.
-
What is the lot size and minimum order quantity of the Australian Premium Solar (India) Ltd IPO?
The lot size of Australian Premium Solar (India) Ltd is 2000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹108000 and ₹108000 respectively.
-
What are the allotment dates for the Australian Premium Solar (India) Ltd IPO?
Allotment date for Australian Premium Solar (India) Ltd is 16-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 17-Jan-2024. If your allotment goes through, then shares will be credited in your Demat account by 17-Jan-2024.
-
Where is the Australian Premium Solar (India) Ltd IPO getting listed?
The shares of Australian Premium Solar (India) Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Australian Premium Solar (India) IPO Subscription Status
Category
Subscription (times)
QIB
107.02
NII
772.87
Retail
535.77
Total
464.19
RHP:
RHP of Australian Premium Solar Limited IPO
Anchor Investor Link:
Anchor Investor Link of Australian Premium Solar Limited IPO
-
What is the issue size of Australian Premium Solar (India) Ltd IPO?
Australian Premium Solar (India) Ltd IPO, which opens for subscription from 11-Jan-2024 to 15-Jan-2024 has an issue size of ₹28.08 crore. The issue type is book building issue.
-
What are the open and close dates for Australian Premium Solar (India) Ltd IPO?
Australian Premium Solar (India) Ltd IPO Opens for subscription from 11-Jan-2024 to 15-Jan-2024.
-
What is the lot size and minimum order quantity of the Australian Premium Solar (India) Ltd IPO?
The lot size of Australian Premium Solar (India) Ltd is 2000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹108000 and ₹108000 respectively.
-
What are the allotment dates for the Australian Premium Solar (India) Ltd IPO?
Allotment date for Australian Premium Solar (India) Ltd is 16-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 17-Jan-2024. If your allotment goes through, then shares will be credited in your Demat account by 17-Jan-2024.
-
Where is the Australian Premium Solar (India) Ltd IPO getting listed?
The shares of Australian Premium Solar (India) Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Australian Premium Solar (India) IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 107.02 |
| NII | 772.87 |
| Retail | 535.77 |
| Total | 464.19 |
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