Australian Premium Solar IPO
The initial public offering (IPO) of Australian Premium Solar will open for subscription on January 11 and close on January 15, it is a fresh issue of Rs. 28.08 crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on January 18, 2024.
#1. Quick Intro to Australian Premium Solar
Australian Premium Solar Limited (2013) manufactures monocrystalline and polycrystalline solar modules and provides engineering, procurement, and construction services for residential, commercial, and agriculture.
The company has one manufacturing unit in Gujarat.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Australian Premium Solar
The company intends to use the IPO Funds for the following purposes:
- Funding for capital expenditure purposes.
- To meet the working capital requirement of the company.
- General corporate purposes.
#3. Australian Premium Solar Core Strengths
- Long-term relationship with clients
- Scaleable business model
- Experienced promoters and management team
#4. Australian Premium Solar IPO Review & Rating
| Issue Size | Rs.28.08 Crore |
| Issue Price | Rs.51-54 per share |
| Minimum Lot Size | 2000 Shares |
| Total Profit (March 2023) | Rs.333.53 (lakhs) |
| ROE | 26.05% |
| ROCE | 30.62% |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. Australian Premium Solar IPO Dates, Price Band & Details
Australian Premium Solar IPO will open on January 11, 2024, and close on January 15, 2024. The IPO is to be listed on January 18, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs. 28.08 Crore |
| Price Brand | Rs.51-54 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | January 11, 2024 |
| IPO Close Date | January 15, 2024 |
| IPO Allotment Date | January 16, 2024 |
| Refund Date | January 17, 2024 |
| Share Credit Date | January 17, 2024 |
| Listing Date | January 18, 2024 |
#6. Australian Premium Solar IPO Offer Details
Australian Premium Solar IPO’s total issue size is 52,00,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 52,00,000 | 28.08 |
| Offer for Sale (OFS) | – | – |
#7. Australian Premium Solar Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 9455.92 | 9812.13 | 7416.24 |
| Net Worth | 1446.62 | 1113.19 | 847.10 |
| Profit | 333.43 | 270.48 | 180.11 |
| Total Borrowings | 222.13 | 299.37 | 328.96 |
#8. Australian Premium Solar Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 2.29 | 1.86 | 1.24 |
| RoNW (%) | 23.05 | 24.30 | 21.60 |
| NAV (Rs.) | 9.95 | 7.66 | 5.83 |
#9. Australian Premium Solar Comparison with Other Peer Companies
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs)) |
RoNW (%) | NAV (Rs.) |
| Zodiac Energy | 13,765.92 | 8.85 | 24.64 |
| – | – | – | – |
#10. Australian Premium Solar Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Chimanbhai Ranchhodbhai Patel |
| 02. | Savitaben Chimanbhai Patel |
| 03. | Nikunjkumar Chimanbhai Patel |
#11. Australian Premium Solar Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 99.98 |
| Post-issue | 73.64 |
#12. Australian Premium Solar IPO Reservation Details
Australian Premium Solar IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Qualified Institutional Buyers (QIB) | Not more than 50% of the issue size |
| Retail Individual Investor (RII) | Not less than 35% of the issue size |
| Non-Institutional Investor (NII)/ HNI | Not less than 15% of the issue size |
#13. Australian Premium Solar IPO – Lot Size
An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 2000 | 1,08,000 |
| Retail (Max.) | 1 | 2000 | 1,08,000 |
| HNI (Min.) | 2 | 4000 | 2,16,000 |
| HNI (Max.) | – | – | – |
#14. Australian Premium Solar IPO – Prospectus Copy
An investor can download/view the Australian Premium Solar prospectus copy, which the company filed to SEBI, details are as follows.
| Australian Premium Solar IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Australian Premium Solar IPO Registrar
Link Intime India Private Limited
Phone No.: +91-2249186200
E-Mail: australianpremium.ipo@linkintime.co.in
Website: www.linkintime.co.in
#16. Australian Premium Solar IPO Lead Manager
Beeline Capital Advisors Private Limited
Phone No.: +91-7949185784
E-Mail: mb@beelinemb.com
Website: www.beelinemb.com
#17. Australian Premium Solar IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Australian Premium Solar IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Australian Premium Solar Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Australian Premium Solar Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Australian Premium Solar Company Details
Australian Premium Solar (India) Limited
Registered Office: Tajpur, NH-08, TA-Prantij, Sabarkantha, Gujarat-383205, INDIA
Phone No: +91-8735923511
Email: complaince@australianpremiumsolar.co.in
Website: www.australianpremiumsolar.co.in
Investor Grievances/Compliance Officer: Anjeeta Chaorasia
#19. Australian Premium Solar Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Australian Premium Solar Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Nikunjkumar Chimanbhai Patel |
| 02. | Dhaval Jayeshkumar Suthar |
Australian Premium Solar IPO – Frequently Asked Questions (FAQs)
| #1. What is an Australian Premium Solar IPO?
Australian Premium Solar brings its IPO of Rs. 28.08 Crore, on January 11, 2024, with a price band of Rs. 51-54 per share. |
| #2. What is the Australian Premium Solar IPO Open date?
Australian Premium Solar IPO’s opening date is January 11, 2024. |
| #3. What is the Australian Premium Solar IPO Close Date?
Australian Premium Solar IPO’s closing date is January 15, 2024. |
| #4. What is the Australian Premium Solar IPO Listing date?
Australian Premium Solar’s IPO listing date is January 18, 2024. |
| #5. What is the Australian Premium Solar IPO Minimum investment amount?
Australian Premium Solar IPO’s minimum investment amount is Rs. 1,08,000. |
| #6. What is the Australian Premium Solar IPO offer issue Size?
Australian Premium Solar offers an issue size of Rs. 28.08 Crore. |
| #7. What is the Australian Premium Solar IPO Price Band?
Australian Premium Solar’s IPO price band is Rs. 51-54 per share. |
| #8. Is Australian Premium Solar IPO mainboard IPO or SME IPO?
Australian Premium Solar IPO is an SME IPO. |
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