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SME IPO Status: Listed [11th Jan 2024 to 15th Jan 2024]
-logo.png "Australian Premium Solar (India) SME IPO Detail"){kind=logo}
Australian Premium Solar (India) IPO, a SME IPO of ₹28.08 Cr was launced on 11-01-2024 to 15-01-2024 and the shares got listed on NSE SME on 18-01-2024.
The public issue of Australian Premium Solar (India) IPO (APS) was offered at ₹54.00 per share and the ipo was listed at ₹140. It has delivered listing gain of 159.26%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 172000 per lot return on listing.
| SME IPO Issue Opening Date: | 11th Jan 2024 |
| SME IPO Issue Closing Date: | 15th Jan 2024 |
| SME IPO Issue Price: | ₹51.00-54.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹28.08 Cr |
| Fresh Issue: | ₹28.08 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.98% |
| Promoter Holding Post IPO: | 73.64% |
| Allotment Status: | Allotment Status |
| NSE Code: | APS |
Get important updates regarding Australian Premium Solar (India) SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th Jan 2024 |
| Refunds Initiation* | 17th Jan 2024 |
| Credit of Shares to Demat* | 17th Jan 2024 |
| SME IPO Listing Date* | 18th Jan 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹51.00-54.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹108000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 18-01-2024 | 54.00 | 55 | 83600 | ₹109 (101.85%) | 18-Jan-2024 9:23 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Australian Premium Solar Limited was established in 2013 and is a recognised brand in the solar industry, manufacturing mono and polycrystalline solar modules and providing engineering, procurement and construction (“EPC”) services. The company has a modern manufacturing facility in Tajpur, Sabarkantha, Gujarat, which helps deliver high quality products with the latest technology in the industry. The products manufactured by the company are used in residential, agricultural and commercial installations.
This company also offers installation services for solar panels and solar pumps. In this segment, installation services are provided to residential and industrial end users, while solar pumps are installed for agricultural end users, which allows us to supply the solar panels we manufacture together with solar pumps. The company manufactures two types of solar modules: (i) monocrystalline solar modules and (ii) polycrystalline solar modules.
The Company is principally engaged in the manufacture of solar modules and EPC services for solar systems. The industry term for solar modules is PV module (Photovoltaic Module), which refers to the device for generating electricity from sunlight using semiconductor materials in devices called photovoltaic cells or solar cells. In the solar module segment, both monocrystalline and polycrystalline solar modules are currently manufactured at our 25,375 square metre manufacturing facility in Sabarkantha, Gujarat, with a capacity of 200 MW per annum.
The Core business can be divided in the following categories:
a) Manufacturing of solar panels
b) EPC Services:
| Incorporation | Sector | IPO Issue Size | Website |
| 2013 | Civil Construction | ₹28.08 Cr | http://www.australianpremiumsolar.co.in/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 988,000 (28.55%) | 742,000 (21.45%) | 1,730,000 (50%) | 3,460,000 | |
| 1 | 11th Jan 2024 19:31 | 0.07x | 19.61x | 45.20x | 26.82x |
| 2 | 12th Jan 2024 19:31 | 5.62x | 55.59x | 114.20x | 70.63x |
| 3 | 15th Jan 2024 19:32 | 107.02x | 772.87x | 535.77x | 464.19x |
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 |
| Revenue | 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Australian Premium Solar (India) Limited | 2.29 | 2.29 | 9.95 | 23.58 | 23.05 | Standalone |
| Zodiac Energy Limited | 2.18 | 24.64 | 40.79 | 8.85 | Standalone |
Last Updated on 22-Jan-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Australian Premium Solar (India) SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Australian Premium Solar (India) SME IPO with Zerodha.
Alternate approch to apply in Australian Premium Solar (India) SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Australian Premium Solar (India) SME IPO Review and Important Updates
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To subscribe or apply in Australian Premium Solar (India) SME IPO, you can use the following methods:
| Australian Premium Solar (India) SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Australian Premium Solar (India) SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Australian Premium Solar (India) SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Australian Premium Solar (India) SME IPO. Most of the Syndicate Banks provide access to apply in Australian Premium Solar (India) IPO via ASBA process. You must have your net banking access, DP ID information to apply in Australian Premium Solar (India) SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Australian Premium Solar (India) SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Australian Premium Solar (India) SME IPO Review and Important Updates
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Australian Premium Solar (India) SME IPO is going to be list on 18-01-2024. NSE Code for Australian Premium Solar (India) is APS.
Other relevant questions:
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Australian Premium Solar (India) SME IPO Allotment Date is 16-01-2024.
Other relevant questions:
Australian Premium Solar (India) SME IPO share allotment date?Australian Premium Solar (India) SME IPO allotment date?
