Australian Premium Solar IPO vs Addictive Learning Technology IPO

Comparison between Australian Premium Solar IPO and Addictive Learning Technology IPO.

IPO Details

Australian Premium Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Addictive Learning Technology IPO is a SME Bookbuilding proposed to list at NSE SME.

	Australian Premium Solar IPO	Addictive Learning Technology 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.	Narnolia Financial Services Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	SS Corporate Securities 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 Addictive Learning Technology IPO is up to ₹55.73 Cr. The final issue price of Australian Premium Solar IPO is ₹54.00 per share and of Addictive Learning Technology IPO is ₹140.00 per share.

	Australian Premium Solar IPO	Addictive Learning Technology IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹133.00 per share
Issue Price (Upper)	₹54.00 per share	₹140.00 per share
Issue Price (Final)	₹54.00 per share	₹140.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	49,40,000 shares	38,21,000 shares
Fresh Issue Size (Amount)	up to ₹26.68 Cr	up to ₹53.49 Cr
OFS Issue Size	0 shares	1,60,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹2.24 Cr
Issue Size Total	49,40,000 shares	39,81,000 shares
Issue Size Total (Amount)	up to ₹26.68 Cr	up to ₹55.73 Cr

IPO Timetable

Australian Premium Solar IPO opens on Jan 11, 2024, while Addictive Learning Technology IPO opens on Jan 19, 2024. The closing date of Australian Premium Solar IPO and Addictive Learning Technology IPO is Jan 15, 2024, and Jan 24, 2024, respectively.

	Australian Premium Solar IPO	Addictive Learning Technology IPO
Anchor Bid Date	Jan 10, 2024	Jan 18, 2024
Issue Open	Jan 11, 2024	Jan 19, 2024
Issue Close	Jan 15, 2024	Jan 24, 2024
Basis Of Allotment (Tentative)	Jan 16, 2024	Jan 25, 2024
Initiation of Refunds (Tentative)	Jan 17, 2024	Jan 29, 2024
Credit of Share (Tentative)	Jan 17, 2024	Jan 29, 2024
Listing date (Tentative)	Jan 18, 2024	Jan 30, 2024
Anchor Lockin End date 1	Feb 15, 2024	Feb 24, 2024
Anchor Lockin End date 2	Apr 15, 2024	Apr 24, 2024

Financials & KPIs

Australian Premium Solar IPO P/E ratio is 23.58, as compared to Addictive Learning Technology IPO P/E ratio of 66.69.

Australian Premium Solar IPO

Addictive Learning Technology 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

Addictive Learning Technology Limited Financial Information (Restated)

Addictive Learning Technology Limited's revenue increased by 80.41% and profit after tax (PAT) rose by 603.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,324.95	920.64	103.11	65.05
Total Income	2,482.36	3,354.47	1,859.34	677.77
Profit After Tax	315.96	247.13	-49.07	-0.54
Net Worth	522.27	206.30	-40.82	-1.75
Reserves and Surplus	512.17	196.20	-50.92	-1.85
Total Borrowing		15.73
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98

92.27

Promoter Shareholding (Post-Issue)

73.64

67.27

P/E Ratio

23.58

66.69

Market Cap

₹106.60 Cr.

₹222.74 Cr.

ROE

26.05%

119.79%

ROCE

30.62%

157.53%

Debt/Equity

0.15

0.08

EPS

₹2.29

₹2.10

RoNW

23.05%

119.79%

Shares Offered

In the Australian Premium Solar IPO Retail Individual Investors (RII) are offered 17,30,000 shares while in Addictive Learning Technology 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 7,95,000 shares in Addictive Learning Technology IPO.

	Australian Premium Solar IPO	Addictive Learning Technology IPO
Anchor Investor Reserveration	14,80,000 shares	11,92,000 shares
Market Maker Reserveration	2,60,000 shares	3,16,000 shares
QIB	9,88,000 shares	7,95,000 shares
NII	7,42,000 shares	5,99,000 shares
RII	17,30,000 shares	13,95,000 shares
Employee
Others
Total	49,40,000 shares	39,81,000 shares

Bids Received (Subscription)

Australian Premium Solar IPO subscribed 464.19x in total, whereas Addictive Learning Technology IPO subscribed 273.12x.

	Australian Premium Solar IPO	Addictive Learning Technology IPO
QIB (times)	107.02x	116.27x
NII (times)	772.87x	414.44x
Big NII (times)
Small NII (times)
RII (times)	535.77x	301.71x
Employee (times)
Other (times)
Total (times)	464.19x	273.12x

Compare with others

Australian Premium Solar IPO	Addictive Learning Technology IPO
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Konstelec Engineers IPO	Maxposure IPO
Maxposure IPO	Shree Marutinandan Tubes IPO
Shree Marutinandan Tubes IPO	Australian Premium Solar IPO
Addictive Learning Technology IPO	IBL Finance IPO
IBL Finance IPO	New Swan Multitech IPO
New Swan Multitech IPO	Kaushalya Logistics IPO
Kaushalya Logistics IPO	Akanksha Power IPO
Akanksha Power IPO	HRH Next IPO