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Australian Premium Solar IPO vs Euphoria Infotech IPO

Comparison between Australian Premium Solar IPO and Euphoria Infotech IPO.

IPO Details

Australian Premium Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Euphoria Infotech IPO is a SME Bookbuilding proposed to list at BSE SME.

 Australian Premium Solar IPOEuphoria Infotech IPO
LogoAustralian Premium Solar IPO LogoEuphoria Infotech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Khandwala Securities Ltd.
RegistrarMUFG Intime India Pvt.Ltd.MAS Services Ltd.
Market MakerSpread X Securities Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Australian Premium Solar IPO is up to ₹26.68 Cr whereas the issue size of the Euphoria Infotech IPO is up to ₹9.12 Cr. The final issue price of Australian Premium Solar IPO is ₹54.00 per share and of Euphoria Infotech IPO is ₹100.00 per share.

 Australian Premium Solar IPOEuphoria Infotech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹96.00 per share
Issue Price (Upper)₹54.00 per share₹100.00 per share
Issue Price (Final)₹54.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size49,40,000 shares9,12,000 shares
Fresh Issue Size (Amount)up to ₹26.68 Crup to ₹9.12 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,40,000 shares9,12,000 shares
Issue Size Total (Amount)up to ₹26.68 Crup to ₹9.12 Cr

IPO Timetable

Australian Premium Solar IPO opens on Jan 11, 2024, while Euphoria Infotech IPO opens on Jan 19, 2024. The closing date of Australian Premium Solar IPO and Euphoria Infotech IPO is Jan 15, 2024, and Jan 24, 2024, respectively.

 Australian Premium Solar IPOEuphoria Infotech IPO
Anchor Bid DateJan 10, 2024
Issue OpenJan 11, 2024Jan 19, 2024
Issue CloseJan 15, 2024Jan 24, 2024
Basis Of Allotment (Tentative)Jan 16, 2024Jan 25, 2024
Initiation of Refunds (Tentative)Jan 17, 2024Jan 29, 2024
Credit of Share (Tentative)Jan 17, 2024Jan 29, 2024
Listing date (Tentative)Jan 18, 2024Jan 30, 2024
Anchor Lockin End date 1Feb 15, 2024
Anchor Lockin End date 2Apr 15, 2024

Financials & KPIs

Australian Premium Solar IPO P/E ratio is 23.58, as compared to Euphoria Infotech IPO P/E ratio of 14.97.

 Australian Premium Solar IPOEuphoria Infotech IPO
Financials

Australian Premium Solar (India) Limited Financial Information (Restated)

Australian Premium Solar (India) Limited's revenue decreased by -3.43% and profit after tax (PAT) rose by 23.27% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,416.893,918.903,468.373,501.67
Total Income5,027.289,495.869,832.927,443.97
Profit After Tax113.16333.43270.48180.11
Net Worth1,563.371,446.621,113.19847.10
Reserves and Surplus109.371,444.621,111.19845.10
Total Borrowing196.23222.13299.37328.96
Amount in ₹ Lakhs

Euphoria Infotech India Limited Financial Information (Restated Consolidated)

Euphoria Infotech India Limited's revenue increased by 49.34% and profit after tax (PAT) rose by 551.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets966.21832.64626.71709.59
Total Income365.61737.56493.87556.14
Profit After Tax60.49129.6919.9026.17
Net Worth470.64410.15280.46260.56
Reserves and Surplus276.45215.96279.17259.27
Total Borrowing213.22155.09123.06119.69
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.98100.00
Promoter Shareholding (Post-Issue)73.64
P/E Ratio23.5814.97
Market Cap₹106.60 Cr.₹29.02 Cr.
ROE26.05%38%
ROCE30.62%49%
Debt/Equity0.150.38
EPS₹2.29₹6.68
RoNW23.05%31.62%

Shares Offered

In the Australian Premium Solar IPO Retail Individual Investors (RII) are offered 17,30,000 shares while in Euphoria Infotech IPO retail investors are offered 17,30,000 shares. Qualified Institutional Buyers (QIB) are offered 9,88,000 shares in Australian Premium Solar IPO and 27,600 shares in Euphoria Infotech IPO.

 Australian Premium Solar IPOEuphoria Infotech IPO
Anchor Investor Reserveration14,80,000 shares
Market Maker Reserveration2,60,000 shares48,000 shares
QIB9,88,000 shares27,600 shares
NII7,42,000 shares2,65,200 shares
RII17,30,000 shares6,19,200 shares
Employee
Others
Total49,40,000 shares9,12,000 shares

Bids Received (Subscription)

Australian Premium Solar IPO subscribed 464.19x in total, whereas Euphoria Infotech IPO subscribed 383.86x.

 Australian Premium Solar IPOEuphoria Infotech IPO
QIB (times)107.02x413.26x
NII (times)772.87x280.88x
Big NII (times)
Small NII (times)
RII (times)535.77x426.65x
Employee (times)
Other (times)
Total (times)464.19x383.86x