Australian Premium Solar Limited IPO Details
| 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 | 2,000 Shares |
| Total Issue Size | 52,00,000 shares (aggregating up to ₹ 28.08 Cr) |
| Fresh Issue | 52,00,000 shares (aggregating up to ₹ 28.08 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,45,40,000 |
| Share holding post issue | 1,97,40,000 |
| Market Maker portion | 2,60,000 shares Spread X Securities |
About 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.
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.
Australian Premium Solar Limited IPO Financial Information
Latest Revenue
₹ 5,027.28 Cr
Profit After Tax
₹ 113.16 Cr
Net Worth
₹ 1,563.37 Cr
Total Borrowing
₹ 196.23 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 July 2023 | 4,416.89 | 5,027.28 | 113.16 | 1,563.37 | 196.23 |
| 31 Mar 2023 | 3,918.90 | 9,495.86 | 333.43 | 1,446.62 | 222.13 |
| 31 Mar 2022 | 3,468.37 | 9,832.92 | 270.48 | 1,113.19 | 299.37 |
| 31 Mar 2021 | 3,501.67 | 7,443.97 | 180.11 | 847.10 | 328.96 |
| Amount in ₹ Crore | |||||
Australian Premium Solar Limited 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 | - |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The INDIA IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Download regulatory filings
Australian Premium Solar Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹ 1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹ 1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹ 2,16,000 |