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.

	Australian Premium Solar IPO	New Swan Multitech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Share India Capital Services Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO 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 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 IPO	New 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 Size	2000 shares	2000 shares
Fresh Issue Size	49,40,000 shares	47,60,000 shares
Fresh Issue Size (Amount)	up to ₹26.68 Cr	up to ₹31.42 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	47,60,000 shares
Issue Size Total (Amount)	up to ₹26.68 Cr	up 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 IPO	New Swan Multitech IPO
Anchor Bid Date	Jan 10, 2024	Jan 10, 2024
Issue Open	Jan 11, 2024	Jan 11, 2024
Issue Close	Jan 15, 2024	Jan 15, 2024
Basis Of Allotment (Tentative)	Jan 16, 2024	Jan 16, 2024
Initiation of Refunds (Tentative)	Jan 17, 2024	Jan 17, 2024
Credit of Share (Tentative)	Jan 17, 2024	Jan 17, 2024
Listing date (Tentative)	Jan 18, 2024	Jan 18, 2024
Anchor Lockin End date 1	Feb 15, 2024	Feb 15, 2024
Anchor Lockin End date 2	Apr 15, 2024	Apr 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 IPO

New Swan Multitech 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 Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,416.89	3,918.90	3,468.37	3,501.67
Total Income	5,027.28	9,495.86	9,832.92	7,443.97
Profit After Tax	113.16	333.43	270.48	180.11
Net Worth	1,563.37	1,446.62	1,113.19	847.10
Reserves and Surplus	109.37	1,444.62	1,111.19	845.10
Total Borrowing	196.23	222.13	299.37	328.96
Amount in ₹ Lakhs

New Swan Multitech Limited Financial Information (Restated)

New Swan Multitech Limited's revenue increased by 4.05% and profit after tax (PAT) rose by 173.15% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,801.10	12,876.43	12,348.80	11,769.68
Total Income	7,788.21	15,142.17	14,552.40	14,960.55
Profit After Tax	497.53	991.93	363.14	342.63
Net Worth	3,479.28	2,981.75	1,989.82	1,626.68
Reserves and Surplus	2,079.26	2,631.74	1,639.81	1,276.67
Total Borrowing	4,799.12	3,915.70	4,800.59	4,580.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98

100

Promoter Shareholding (Post-Issue)

73.64

73.62

P/E Ratio

23.58

9.32

Market Cap

₹106.60 Cr.

₹125.51 Cr.

ROE

26.05%

33.27%

ROCE

30.62%

24.86%

Debt/Equity

0.15

1.31

EPS

₹2.29

₹7.09

RoNW

23.05%

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 IPO	New Swan Multitech IPO
Anchor Investor Reserveration	14,80,000 shares	14,28,000 shares
Market Maker Reserveration	2,60,000 shares	2,56,000 shares
QIB	9,88,000 shares	9,52,000 shares
NII	7,42,000 shares	7,14,000 shares
RII	17,30,000 shares	16,66,000 shares
Employee
Others
Total	49,40,000 shares	47,60,000 shares

Bids Received (Subscription)

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

	Australian Premium Solar IPO	New Swan Multitech IPO
QIB (times)	107.02x	110.69x
NII (times)	772.87x	739.72x
Big NII (times)
Small NII (times)
RII (times)	535.77x	388.23x
Employee (times)
Other (times)
Total (times)	464.19x	384.26x

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