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 Date11 Jan 24
Close Date15 Jan 24
Face Value₹10 per shares
Price Band₹51 - ₹54
Lot Size2,000 Shares
Total issue Size5,200,000 Shares ₹28.08 cr
Fresh Issue[.]  Shares ₹28.08 cr
Issue Type Book Building
Listing AtNSE SME
Share Holding Pre Issue14,540,000
Share Holding Post Issue19,740,000
Market MakerSpread X Securities
Market Maker Portion260,000 Shares
RHP , DHRPView RHPView 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.

  1. Open Date

  2. Close Date

  3. Basis Of Allotment

  4. Initialization of Refund

  5. Credit of Share

  6. 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 CategoryShares Offered
QIBNot more than 50.00% of the Net Issue
NIINot less than 15% of the Net Issuee
RetailNot 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

ApplicationLotSharesAmount
Retail12,000108,000
HNI (Min)24,000216,000
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 Issue99.98%
Share Holding Post Issue73.64%
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).

Period31 Jul 2331 Mar 2331 Mar 2231 Mar 21
Assets4,416.893,918.93,468.373,501.67
Revenue5,027.289,495.869,832.927,443.97
Profit After Tax113.16333.43270.48180.11
₹ In lakh
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.

KPIValue
P/E (x)23.58
Market Cap (₹ Cr.)106.6
ROCE30.62%
ROE26.05%
RoNW23.05%
Debt/Equity0.15
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

Office

Tajpur, NH-08 TA-Prantij, Sabarkantha,Gujarat- 383205, India

Registrar Details for Australian Premium Solar India
Link Intime India Private Limited

Office

: C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India

Lead Manager
  • • Beeline Capital Advisors Pvt Ltd
Frequently Asked Questions