Bookbuilding IPO | ₹28 Cr | Listed at NSE SME | Thu, Jan 11, 2024 - Mon, Jan 15, 2024
Australian Premium Solar IPO is a book build issue of ₹28.08 crores. The issue is entirely a fresh issue of 0.52 crore shares of ₹28.08 crore.
Australian Premium Solar IPO bidding started from Jan 11, 2024 and ended on Jan 15, 2024. The allotment for Australian Premium Solar IPO was finalized on Jan 16, 2024. The shares got listed on NSE SME on Jan 18, 2024.
Australian Premium Solar IPO price band is set at ₹54 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,08,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Australian Premium Solar IPO RHP for detailed Information.
IPO Open
Thu, Jan 11, 2024
IPO Close
Mon, Jan 15, 2024
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹106.60 Cr
| IPO Date | 11 to 15 Jan, 2024 |
| Listed on | Thu, Jan 18, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 52,00,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 2,60,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 49,40,000 shares (agg. up to ₹27 Cr) |
| Net Offered to Public | 49,40,000 shares (agg. up to ₹27 Cr) |
| Share Holding Post Issue | 1,97,40,000 shares |
| NSE Symbol | APS |
| ISIN | INE0P0001010 |
Australian Premium Solar IPO comprises a total issue size of 52,00,000 shares. The net offer to the public is 49,40,000 shares, after excluding 2,60,000 shares allotted on a firm basis. Of the Net offer 24,68,000 (49.96%) are allocated to QIB, 7,42,000 (15.02%) allocated to NII 17,30,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 24,68,000 | 49.96% | 47.46% |
| − Anchor Investor Shares Offered | 14,80,000 | 28.46% | |
| − QIB (Ex. Anchor) Shares Offered | 9,88,000 | 19.00% | |
| NII (HNI) Shares Offered | 7,42,000 | 15.02% | 14.27% |
| Retail Shares Offered | 17,30,000 | 35.02% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,60,000 | 5.00% | |
| Total Shares Offered | 52,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Australian Premium Solar IPO raises ₹7.99 crore from anchor investors. Australian Premium Solar IPO Anchor bid date is January 10, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jan 10, 2024 |
| Shares Offered | 14,80,000 |
| Anchor Portion (₹ Cr.) | 7.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Feb 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Apr 15, 2024 |
Incorporated in 2013, Australian Premium Solar (India) Limited manufactures monocrystalline and polycrystalline solar modules and provides engineering, procurement, and construction (EPC) services for residential, agricultural, and commercial applications.
The company manufactures two types of solar panels:
The company also provides installation services for solar panels and solar pumps for residential and industrial end users, while it also provides installation services for solar pumps for agricultural end users.
By August 31, 2023, the company has provided more than 10,000 customers with the installation of solar panels, of which more than 9500 have been installed on the roofs of residential buildings and more than 1300 with solar pumps for agriculture.
The company's manufacturing facility is located in Sabarkantha, Gujarat, India. As at July 31, 2023, the company employed a total of 169 people.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 44.17 | 39.19 | 34.68 | 35.02 |
| Total Income | 50.27 | 94.96 | 98.33 | 74.44 |
| Profit After Tax | 1.13 | 3.33 | 2.70 | 1.80 |
| NET Worth | 15.63 | 14.47 | 11.13 | 8.47 |
| Reserves and Surplus | 1.09 | 14.45 | 11.11 | 8.45 |
| Total Borrowing | 1.96 | 2.22 | 2.99 | 3.29 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure | 3.35 |
| 2 | To Meet Working Capital Requirements | 17.03 |
| 3 | General Corporate Purpos | 7.00 |
| KPI | |
|---|---|
| ROE | 26.05% |
| ROCE | 30.62% |
| Debt/Equity | 0.15 |
| RoNW | 23.05% |
| PAT Margin | 3.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.29 | |
| P/E (x) | 23.58 | |
| Promoter Holding | 99.98% | 73.64% |
| Market Cap | ₹106.60 Cr. |
The Australian Premium Solar (India) IPO is subscribed 464.19 times on January 15, 2024 7:30:00 PM (Day 3). The public issue subscribed 535.77 times in the retail category, 107.02 times in the QIB category, and 772.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 107.02 | 9,88,000 | 10,57,34,000 |
| NII* | 772.87 | 7,42,000 | 57,34,68,000 |
| Retail | 535.77 | 17,30,000 | 92,68,90,000 |
| Total | 464.19 | 34,60,000 | 1,60,60,92,000 |
Total Application : 4,63,445
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Commission | 0.21 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.02 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.10 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.07 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Escrow Bank Fees | 0.05 |
| 9 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹140.00 |
| Low | ₹140.00 |
| High | ₹147.00 |
| Last Trade | ₹147.00 |
Lead Manager Reports
Australian Premium Solar IPO is a SME IPO of 52,00,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jan 11, 2024, and closes on Mon, Jan 15, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Australian Premium Solar IPO using UPI as a payment gateway. Zerodha customers can apply in Australian Premium Solar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Australian Premium Solar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Australian Premium Solar IPO opens on Thu, Jan 11, 2024 and closes on Mon, Jan 15, 2024.
Australian Premium Solar IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Australian Premium Solar IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Australian Premium Solar IPO will be done on Tuesday, January 16, 2024, and the allotted shares will be credited to your demat account by Wed, Jan 17, 2024. Check the Australian Premium Solar IPO allotment status.
The Australian Premium Solar IPO listing date is on Thu, Jan 18, 2024.
