Australian Premium Solar IPO vs Kaushalya Logistics IPO

Comparison between Australian Premium Solar IPO and Kaushalya Logistics IPO.

IPO Details

Australian Premium Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Kaushalya Logistics IPO is a SME Bookbuilding proposed to list at NSE SME.

	Australian Premium Solar IPO	Kaushalya Logistics 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.	Khandwala Securities Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Nikunj Stock Brokers 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 Kaushalya Logistics IPO is up to ₹34.76 Cr. The final issue price of Australian Premium Solar IPO is ₹54.00 per share and of Kaushalya Logistics IPO is ₹75.00 per share.

	Australian Premium Solar IPO	Kaushalya Logistics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹71.00 per share
Issue Price (Upper)	₹54.00 per share	₹75.00 per share
Issue Price (Final)	₹54.00 per share	₹75.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	49,40,000 shares	31,35,200 shares
Fresh Issue Size (Amount)	up to ₹26.68 Cr	up to ₹23.51 Cr
OFS Issue Size	0 shares	15,00,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹11.25 Cr
Issue Size Total	49,40,000 shares	46,35,200 shares
Issue Size Total (Amount)	up to ₹26.68 Cr	up to ₹34.76 Cr

IPO Timetable

Australian Premium Solar IPO opens on Jan 11, 2024, while Kaushalya Logistics IPO opens on Dec 29, 2023. The closing date of Australian Premium Solar IPO and Kaushalya Logistics IPO is Jan 15, 2024, and Jan 03, 2024, respectively.

	Australian Premium Solar IPO	Kaushalya Logistics IPO
Anchor Bid Date	Jan 10, 2024	Dec 28, 2023
Issue Open	Jan 11, 2024	Dec 29, 2023
Issue Close	Jan 15, 2024	Jan 03, 2024
Basis Of Allotment (Tentative)	Jan 16, 2024	Jan 04, 2024
Initiation of Refunds (Tentative)	Jan 17, 2024	Jan 05, 2024
Credit of Share (Tentative)	Jan 17, 2024	Jan 05, 2024
Listing date (Tentative)	Jan 18, 2024	Jan 08, 2024
Anchor Lockin End date 1	Feb 15, 2024	Feb 03, 2024
Anchor Lockin End date 2	Apr 15, 2024	Apr 03, 2024

Financials & KPIs

Australian Premium Solar IPO P/E ratio is 23.58, as compared to Kaushalya Logistics IPO P/E ratio of 0.16.

Australian Premium Solar IPO

Kaushalya Logistics 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

Kaushalya Logistics Limited Financial Information (Restated Consolidated)

Kaushalya Logistics Limited's revenue increased by 894.14% and profit after tax (PAT) rose by 87.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	16,842.35	14,069.86	6,493.87	3,276.49
Total Income	57,053.16	63,216.41	6,358.92	3,328.40
Profit After Tax	214.65	705.87	376.61	299.69
Net Worth	2,148.29	1,933.64	1,226.62	849.60
Reserves and Surplus	2,133.29	1,918.64	1,211.62	834.60
Total Borrowing	5,488.50	3,213.34	2,476.88	1,070.36
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98

99.99

Promoter Shareholding (Post-Issue)

73.64

72.98

P/E Ratio

23.58

0.16

Market Cap

₹106.60 Cr.

₹138.98 Cr.

ROE

26.05%

4713.49%

ROCE

30.62%

70.48%

Debt/Equity

0.15

EPS

₹2.29

₹470.58

RoNW

23.05%

36.50%

Shares Offered

In the Australian Premium Solar IPO Retail Individual Investors (RII) are offered 17,30,000 shares while in Kaushalya Logistics 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 9,82,400 shares in Kaushalya Logistics IPO.

	Australian Premium Solar IPO	Kaushalya Logistics IPO
Anchor Investor Reserveration	14,80,000 shares	13,34,400 shares
Market Maker Reserveration	2,60,000 shares	2,44,800 shares
QIB	9,88,000 shares	9,82,400 shares
NII	7,42,000 shares	6,96,000 shares
RII	17,30,000 shares	16,22,400 shares
Employee
Others
Total	49,40,000 shares	46,35,200 shares

Bids Received (Subscription)

Australian Premium Solar IPO subscribed 464.19x in total, whereas Kaushalya Logistics IPO subscribed 390.88x.

	Australian Premium Solar IPO	Kaushalya Logistics IPO
QIB (times)	107.02x	92.62x
NII (times)	772.87x	847.88x
Big NII (times)
Small NII (times)
RII (times)	535.77x	375.44x
Employee (times)
Other (times)
Total (times)	464.19x	390.88x

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