Australian Premium Solar (India) Limited IPO

Price
₹51 - ₹54
Lot
2000
Subs.
464.19
Expected Listing Earning

Exp. Premium(GMP):
30.02(55.60%)
IPO Details

Open Date: 11-Jan-2024
Close Date: 15-Jan-2024
Allotment Date: 16-Jan-2024
Listing Date: 18-Jan-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹51-54 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹108,000 : HNI - ₹216,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved988,000742,0001,730,0003,460,000
Day 1 - 11-01-24 
05:00 PM
0.07x19.61x45.20x26.82x
Day 2 - 12-01-24 
05:00 PM
5.62x55.59x114.20x70.63x
Day 3 - 15-01-24 
05:00 PM
107.02x772.87x535.77x464.19x
Total No. of Application:463,445 (Approx.)
Retail Subscription on the basis of Apps:535.77x
Valuations

Earning Per Share(EPS)1.24/-
P/E Ratio23.58
RoNW23.05%
Net Asset Value (NAV) - Post Issue:9.95/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20233,918.909,495.86333.43
31 Mar,20223,468.379,832.92270.48
31 Mar,20213,501.677,443.97180.11
Promoter(s)

Pre Issue Share Holding99.98%
Post Issue Share Holding73.64%
Company Promoter(s)
1. Mr. Chimanbhai Ranchhodbhai Patel
2. Mrs. Savitaben Chimanbhai Patel
3. Mr. Nikunjkumar Chimanlal Patel
Issue Objective(s)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Funding capital expenditure.
  2. To Meet Working Capital Requirements.
  3. General Corporate Purpose.
  4. To meet Public Issue Expenses.
About Company

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: 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.
  2. 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.

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.

The company's manufacturing facility is located in Sabarkantha, Gujarat, India. As at July 31, 2023, the company employed a total of 169 people.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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