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Australian Premium Solar IPO vs Qualitek Labs IPO

Comparison between Australian Premium Solar IPO and Qualitek Labs IPO.

IPO Details

Australian Premium Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Qualitek Labs IPO is a SME Fixed Price proposed to list at BSE SME.

 Australian Premium Solar IPOQualitek Labs IPO
LogoAustralian Premium Solar IPO LogoQualitek Labs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Nikunj Stock Brokers 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 Qualitek Labs IPO is up to ₹18.65 Cr. The final issue price of Australian Premium Solar IPO is ₹54.00 per share and of Qualitek Labs IPO is ₹100.00 per share.

 Australian Premium Solar IPOQualitek Labs 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₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1200 shares
Fresh Issue Size49,40,000 shares18,64,800 shares
Fresh Issue Size (Amount)up to ₹26.68 Crup to ₹18.65 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,40,000 shares18,64,800 shares
Issue Size Total (Amount)up to ₹26.68 Crup to ₹18.65 Cr

IPO Timetable

Australian Premium Solar IPO opens on Jan 11, 2024, while Qualitek Labs IPO opens on Jan 18, 2024. The closing date of Australian Premium Solar IPO and Qualitek Labs IPO is Jan 15, 2024, and Jan 23, 2024, respectively.

 Australian Premium Solar IPOQualitek Labs IPO
Anchor Bid DateJan 10, 2024
Issue OpenJan 11, 2024Jan 18, 2024
Issue CloseJan 15, 2024Jan 23, 2024
Basis Of Allotment (Tentative)Jan 16, 2024Jan 24, 2024
Initiation of Refunds (Tentative)Jan 17, 2024Jan 25, 2024
Credit of Share (Tentative)Jan 17, 2024Jan 25, 2024
Listing date (Tentative)Jan 18, 2024Jan 29, 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 Qualitek Labs IPO P/E ratio of 18.21.

 Australian Premium Solar IPOQualitek Labs 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 Standalone)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets44.1039.5622.2014.60
Total Income12.5119.3512.026.37
Profit After Tax2.012.971.140.46
NET Worth11.879.871.90-0.23
Reserves and Surplus6.474.461.44-0.24
Total Borrowing25.0023.4517.2911.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.98%99.99%
Promoter Shareholding (Post-Issue)73.64%73.35%
P/E Ratio23.5818.21
Market Cap₹106.60 Cr.₹73.72 Cr.
ROE26.0550.49
ROCE30.6213.76
Debt/Equity0.15
EPS₹2.29₹5.49
RoNW23.0530.10

Shares Offered

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

 Australian Premium Solar IPOQualitek Labs IPO
Anchor Investor Reservation14,80,000 shares
Market Maker Reservation2,60,000 shares99,600 shares
QIB9,88,000 shares
NII7,42,000 shares9,32,400 shares
RII17,30,000 shares9,32,400 shares
Total49,40,000 shares18,64,800 shares

Bids Received (Subscription)

Australian Premium Solar IPO subscribed 325.12x in total, whereas Qualitek Labs IPO subscribed 54.30x.

 Australian Premium Solar IPOQualitek Labs IPO
QIB (times)107.02x
NII (times)772.87x69.37x
RII (times)535.77x39.23x
Total (times)325.12x54.30x

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Australian Premium Solar IPO Vs Qualitek Labs IPO