Australian Premium Solar IPO vs New Swan Multitech IPO

Comparison between Australian Premium Solar IPO and New Swan Multitech IPO.

IPO Details

Australian Premium Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while New Swan Multitech IPO is a SME Bookbuilding proposed to list at BSE SME.

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 New Swan Multitech IPO is up to ₹31.42 Cr. The final issue price of Australian Premium Solar IPO is ₹54.00 per share and of New Swan Multitech IPO is ₹66.00 per share.

 Australian Premium Solar IPONew Swan Multitech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹62.00 per share
Issue Price (Upper)₹54.00 per share₹66.00 per share
Issue Price (Final)₹54.00 per share₹66.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size49,40,000 shares47,60,000 shares
Fresh Issue Size (Amount)up to ₹26.68 Crup to ₹31.42 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,40,000 shares47,60,000 shares
Issue Size Total (Amount)up to ₹26.68 Crup to ₹31.42 Cr

IPO Timetable

Australian Premium Solar IPO opens on Jan 11, 2024, while New Swan Multitech IPO opens on Jan 11, 2024. The closing date of Australian Premium Solar IPO and New Swan Multitech IPO is Jan 15, 2024, and Jan 15, 2024, respectively.

 Australian Premium Solar IPONew Swan Multitech IPO
Anchor Bid DateJan 10, 2024Jan 10, 2024
Issue OpenJan 11, 2024Jan 11, 2024
Issue CloseJan 15, 2024Jan 15, 2024
Basis Of Allotment (Tentative)Jan 16, 2024Jan 16, 2024
Initiation of Refunds (Tentative)Jan 17, 2024Jan 17, 2024
Credit of Share (Tentative)Jan 17, 2024Jan 17, 2024
Listing date (Tentative)Jan 18, 2024Jan 18, 2024
Anchor Lockin End date 1Feb 15, 2024Feb 15, 2024
Anchor Lockin End date 2Apr 15, 2024Apr 15, 2024

Financials & KPIs

Australian Premium Solar IPO P/E ratio is 23.58, as compared to New Swan Multitech IPO P/E ratio of 9.32.

 Australian Premium Solar IPONew Swan Multitech IPO
Financials

Company Financials (Restated)

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets44.1739.1934.6835.02
Total Income50.2794.9698.3374.44
Profit After Tax1.133.332.701.80
NET Worth15.6314.4711.138.47
Reserves and Surplus1.0914.4511.118.45
Total Borrowing1.962.222.993.29
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets138.01128.76123.49117.70
Total Income77.88151.42145.52149.61
Profit After Tax4.989.923.633.43
NET Worth34.7929.8219.9016.27
Reserves and Surplus20.7926.3216.4012.77
Total Borrowing47.9939.1648.0145.81
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.98100
Promoter Shareholding (Post-Issue)73.6473.62
P/E Ratio23.589.32
Market Cap₹106.60 Cr.₹125.51 Cr.
ROE26.05%33.27%
ROCE30.62%24.86%
Debt/Equity0.151.31
EPS₹2.29₹7.09
RoNW23.05%33.27%

Shares Offered

In the Australian Premium Solar IPO Retail Individual Investors (RII) are offered 17,30,000 shares while in New Swan Multitech 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 9,52,000 shares in New Swan Multitech IPO.

 Australian Premium Solar IPONew Swan Multitech IPO
Anchor Investor Reservation14,80,000 shares14,28,000 shares
Market Maker Reservation2,60,000 shares2,56,000 shares
QIB9,88,000 shares9,52,000 shares
NII7,42,000 shares7,14,000 shares
RII17,30,000 shares16,66,000 shares
Employee
Others
Total49,40,000 shares47,60,000 shares

Bids Received (Subscription)

Australian Premium Solar IPO subscribed 464.19x in total, whereas New Swan Multitech IPO subscribed 384.26x.

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Australian Premium Solar IPO Vs New Swan Multitech IPO