Australian Premium Solar India
Australian Premium Solar India Info
Details about the Australian Premium Solar India IPO. Opening Date of Australian Premium Solar India is 11 Jan 24 and Closing Date is 15 Jan 24 . Face Value of Each share of Australian Premium Solar India is ₹10 per share. Price band of Australian Premium Solar India is ₹51 to ₹54. The Lot size of Australian Premium Solar India is 2,000 shares. Total issue size of Australian Premium Solar India IPO is ₹28.08 cr. Fresh Issue of Australian Premium Solar India IPO is 28.08 cr. This is a Book Building IPO. Expected to list on NSE SME. Share Holding Pre Issue of Australian Premium Solar India is 14,540,000. Share Holding Post Issue of Australian Premium Solar India is 19,740,000.
Business Summary
Australian Premium Solar (India) Limited is one of the recognised brands in the solar industry, which is in the business of manufacturing of Monocrystalline and Polycrystalline Solar Panels and Engineering, procurement, and construction(“EPC”) services.
Currently in the solar panel segment, company manufacture both monocrystalline and polycrystalline solar panels at their manufacturing facility spread across in 25,375 square meters, located at Sabarkantha, Gujarat having capacity of 200 MW per annum.
Companies core business is divided into 1) Manufacturing of solar panels and 2) EPS services which includes Installation Services for Solar Rooftop and Installation of Solar Pump
Till August 31, 2023, Australian Premium Solar have served more than 10,000 unique customers towards installation of solar modules out of which more than 9500 has been roof top installation for residential use and more than 1300 solar pumps installation for agricultural use
Australian Premium Solar India IPO Details
Open Date | 11 Jan 24 |
---|---|
Close Date | 15 Jan 24 |
Face Value | ₹10 per shares |
Price Band | ₹51 - ₹54 |
Lot Size | 2,000 Shares |
Total issue Size | 5,200,000 Shares ₹28.08 cr |
Fresh Issue | [.] Shares ₹28.08 cr |
Issue Type | Book Building |
Listing At | NSE SME |
Share Holding Pre Issue | 14,540,000 |
Share Holding Post Issue | 19,740,000 |
Market Maker | Spread X Securities |
Market Maker Portion | 260,000 Shares |
RHP , DHRP | View RHP, View DRHP |
Australian Premium Solar India IPO Timeline
The Australian Premium Solar India Initial Public Offering (IPO) is set to open on 11 Jan 24 and will end its subscription phase on 15 Jan 24. You can check your allotment status for Australian Premium Solar India on 16 Jan 24. The refund process for your funds will start promptly on 17 Jan 24. Australian Premium Solar India IPO credit of shares will be on 17 Jan 24. The listing date for Australian Premium Solar India is on 18 Jan 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
Australian Premium Solar India IPO Reservation
The Australian Premium Solar India IPO reserves shares for different investor categories. Approximately Not more than 50.00% of the Net Issue will be available for QIB, Not less than 15% of the Net Issuee will be available for NII, Not less than 35% of the Net Issue will be available for Retail,
260,000 Shares will be reserved for subscription by Spread X Securities
Investor Category | Shares Offered |
---|---|
QIB | Not more than 50.00% of the Net Issue |
NII | Not less than 15% of the Net Issuee |
Retail | Not less than 35% of the Net Issue |
Australian Premium Solar India IPO Lot Size
Bids can be made for minimum of 2000 shares and in multiple of 2000 equity shares thereafter
Application | Lot | Shares | Amount |
---|---|---|---|
Retail | 1 | 2,000 | 108,000 |
HNI (Min) | 2 | 4,000 | 216,000 |
Australian Premium Solar India IPO Promoters Holding
Promoters holding details for Australian Premium Solar India in the current issue is as follows: The share holding of promoters before the issue stands at 99.98%, and after the issue, it has been adjusted to 73.64%.
Promoters of Australian Premium Solar India are Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, Mr. Nikunjkumar Chimanlal Patel.,
Share Holding Pre Issue | 99.98% |
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Share Holding Post Issue | 73.64% |
Australian Premium Solar India Financial Information
Financial performance details for Australian Premium Solar India over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
Period | 31 Jul 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
---|---|---|---|---|
Assets | 4,416.89 | 3,918.9 | 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 |
Australian Premium Solar India IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Australian Premium Solar India are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
KPI | Value |
---|---|
P/E (x) | 23.58 |
Market Cap (₹ Cr.) | 106.6 |
ROCE | 30.62% |
ROE | 26.05% |
RoNW | 23.05% |
Debt/Equity | 0.15 |
EPS (Rs) | 2.29 |
Object of the Issue
- • Funding capital expenditure
- • To Meet Working Capital Requirements
- • General Corporate Purpose
- • To meet Public Issue Expenses
Risk Factors to Consider
- • Company, Promoters, Promoters Group and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities.Any adverse decision may make company liable to liabilities/penalties and may adversely affect the reputation, business and financial status.
- • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect the revenues and profitability
- • Top ten customers contribute 48.11%, 44.65%, 17.44%, and 24.40% of our total sales.
- • Revenues are highly dependent on our operations in geographical region of state of Gujarat. Any adverse development affecting our operations in this region could have an adverse impact on our business, financial condition and results of operations
Contact Details for Australian Premium Solar India
Phone
Office
Tajpur, NH-08 TA-Prantij, Sabarkantha,Gujarat- 383205, India
Registrar Details for Australian Premium Solar India
Link Intime India Private Limited
Phone
Office
: C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India
Lead Manager
- • Beeline Capital Advisors Pvt Ltd