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Australian Premium Solar IPO vs IBL Finance IPO

Comparison between Australian Premium Solar IPO and IBL Finance IPO.

IPO Details

Australian Premium Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while IBL Finance IPO is a SME Fixed Price proposed to list at NSE SME.

 Australian Premium Solar IPOIBL Finance IPO
LogoAustralian Premium Solar IPO LogoIBL Finance IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Market-Hub Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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 IBL Finance IPO is up to ₹31.72 Cr. The final issue price of Australian Premium Solar IPO is ₹54.00 per share and of IBL Finance IPO is ₹51.00 per share.

 Australian Premium Solar IPOIBL Finance IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹54.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares2000 shares
Fresh Issue Size49,40,000 shares62,20,000 shares
Fresh Issue Size (Amount)up to ₹26.68 Crup to ₹31.72 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,40,000 shares62,20,000 shares
Issue Size Total (Amount)up to ₹26.68 Crup to ₹31.72 Cr

IPO Timetable

Australian Premium Solar IPO opens on Jan 11, 2024, while IBL Finance IPO opens on Jan 09, 2024. The closing date of Australian Premium Solar IPO and IBL Finance IPO is Jan 15, 2024, and Jan 11, 2024, respectively.

 Australian Premium Solar IPOIBL Finance IPO
Anchor Bid DateJan 10, 2024
Issue OpenJan 11, 2024Jan 09, 2024
Issue CloseJan 15, 2024Jan 11, 2024
Basis Of Allotment (Tentative)Jan 16, 2024Jan 12, 2024
Initiation of Refunds (Tentative)Jan 17, 2024Jan 15, 2024
Credit of Share (Tentative)Jan 17, 2024Jan 15, 2024
Listing date (Tentative)Jan 18, 2024Jan 16, 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 IBL Finance IPO P/E ratio of 48.08.

 Australian Premium Solar IPOIBL Finance 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 Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets23.1822.1810.233.39
Total Income4.9313.333.271.13
Profit After Tax1.211.930.43-0.10
NET Worth21.6920.493.553.13
Reserves and Surplus3.5111.400.29-0.13
Total Borrowing0.080.096.41
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.98%85.55%
Promoter Shareholding (Post-Issue)73.64%62.89%
P/E Ratio23.5848.08
Market Cap₹106.60 Cr.₹126.13 Cr.
ROE26.059.41
ROCE30.6218.88
Debt/Equity0.150.00
EPS₹2.29₹1.06
RoNW23.059.41

Shares Offered

In the Australian Premium Solar IPO Retail Individual Investors (RII) are offered 17,30,000 shares while in IBL Finance 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 in IBL Finance IPO.

 Australian Premium Solar IPOIBL Finance IPO
Anchor Investor Reservation14,80,000 shares
Market Maker Reservation2,60,000 shares3,30,000 shares
QIB9,88,000 shares
NII7,42,000 shares31,10,000 shares
RII17,30,000 shares31,10,000 shares
Total49,40,000 shares62,20,000 shares

Bids Received (Subscription)

Australian Premium Solar IPO subscribed 325.12x in total, whereas IBL Finance IPO subscribed 16.99x.

 Australian Premium Solar IPOIBL Finance IPO
QIB (times)107.02x
NII (times)772.87x9.95x
RII (times)535.77x24.03x
Total (times)325.12x16.99x

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Australian Premium Solar IPO Vs IBL Finance IPO