Comparison between Australian Premium Solar IPO and Maxposure IPO.
Australian Premium Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Maxposure IPO is a SME Bookbuilding proposed to list at NSE SME.
| Australian Premium Solar IPO | Maxposure IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Spread X Securities Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Australian Premium Solar IPO is up to ₹26.68 Cr whereas the issue size of the Maxposure IPO is up to ₹19.03 Cr. The final issue price of Australian Premium Solar IPO is ₹54.00 per share and of Maxposure IPO is ₹33.00 per share.
| Australian Premium Solar IPO | Maxposure IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹51.00 per share | ₹31.00 per share |
| Issue Price (Upper) | ₹54.00 per share | ₹33.00 per share |
| Issue Price (Final) | ₹54.00 per share | ₹33.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 4000 shares |
| Fresh Issue Size | 49,40,000 shares | 57,68,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.68 Cr | up to ₹19.03 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 49,40,000 shares | 57,68,000 shares |
| Issue Size Total (Amount) | up to ₹26.68 Cr | up to ₹19.03 Cr |
Australian Premium Solar IPO opens on Jan 11, 2024, while Maxposure IPO opens on Jan 15, 2024. The closing date of Australian Premium Solar IPO and Maxposure IPO is Jan 15, 2024, and Jan 17, 2024, respectively.
| Australian Premium Solar IPO | Maxposure IPO | |
|---|---|---|
| Anchor Bid Date | Jan 10, 2024 | Jan 12, 2024 |
| Issue Open | Jan 11, 2024 | Jan 15, 2024 |
| Issue Close | Jan 15, 2024 | Jan 17, 2024 |
| Basis Of Allotment (Tentative) | Jan 16, 2024 | Jan 18, 2024 |
| Initiation of Refunds (Tentative) | Jan 17, 2024 | Jan 19, 2024 |
| Credit of Share (Tentative) | Jan 17, 2024 | Jan 19, 2024 |
| Listing date (Tentative) | Jan 18, 2024 | Jan 23, 2024 |
| Anchor Lockin End date 1 | Feb 15, 2024 | Feb 17, 2024 |
| Anchor Lockin End date 2 | Apr 15, 2024 | Apr 17, 2024 |
Australian Premium Solar IPO P/E ratio is 23.58, as compared to Maxposure IPO P/E ratio of 12.42.
| Australian Premium Solar IPO | Maxposure 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.
| Maxposure Limited Financial Information (Restated)Maxposure Limited's revenue increased by 1.03% and profit after tax (PAT) rose by 1162.04% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 99.98 | 84.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.64 | 61.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.58 | 12.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹106.60 Cr. | ₹75.05 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 26.05% | 14.39% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 30.62% | 19.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.15 | 0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.29 | ₹2.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.05% | 14.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Australian Premium Solar IPO Retail Individual Investors (RII) are offered 17,30,000 shares while in Maxposure 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 11,40,000 shares in Maxposure IPO.
| Australian Premium Solar IPO | Maxposure IPO | |
|---|---|---|
| Anchor Investor Reserveration | 14,80,000 shares | 17,00,000 shares |
| Market Maker Reserveration | 2,60,000 shares | 3,72,000 shares |
| QIB | 9,88,000 shares | 11,40,000 shares |
| NII | 7,42,000 shares | 8,80,000 shares |
| RII | 17,30,000 shares | 20,48,000 shares |
| Employee | ||
| Others | ||
| Total | 49,40,000 shares | 57,68,000 shares |
Australian Premium Solar IPO subscribed 464.19x in total, whereas Maxposure IPO subscribed 987.47x.
| Australian Premium Solar IPO | Maxposure IPO | |
|---|---|---|
| QIB (times) | 107.02x | 162.35x |
| NII (times) | 772.87x | 1,947.55x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 535.77x | 1,034.23x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 464.19x | 987.47x |
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