IPO Issue Details
Issue Price / Price Band₹54 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size52,00,000 shares (aggregating up to ₹28.08 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 11 Jan 2024
Subscription CloseMon, 15 Jan 2024
Anchor AllotmentWed, 10 Jan 2024
Basis of AllotmentTue, 16 Jan 2024
Initiation of RefundsWed, 17 Jan 2024
Credit of Shares to DematWed, 17 Jan 2024
Listing DateThu, 18 Jan 2024
UPI Mandate Deadline2024-01-15
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 2,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 4,000 shares
QIB Quota47.46% of Issue
NII / HNI Quota14.27% of Issue
Retail Quota33.27% of Issue
Market Maker Quota5.00% of Issue
EPS (Pre-IPO)₹2.29
P/E Ratio (Pre-IPO)23.58x
Net Offer to Public49,40,000 shares (aggregating up to ₹26.68 Cr)
Reserved for Market Maker2,60,000 shares (aggregating up to ₹1.40 Cr)
Post-IPO Promoter Holding1,97,40,000 shares
About Australian Premium Solar (India) Ltd
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:Monocrystalline solar panels: The solar cells used in monocrystalline solar panels are more efficient and have a darker, uniform appearance due to their monocrystalline structure, allowing the busbars (copper-coated thin ribbons) to be placed more strategically without significantly detracting from the appearance.Polycrystalline solar panels: Solar cells used in polycrystalline solar panels have a blue or speckled appearance due to their multicrystalline structure; busbars may need to be positioned to accommodate the less uniform appearance of these cells.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.
Objects of the Issue
Australian Premium Solar (India) Ltd proposes to utilise the net proceeds for the following objects as stated in the DRHP:
1
Funding capital expenditure.
2
To Meet Working Capital Requirements.
3
General Corporate Purpose.
4
To meet Public Issue Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
Not Available
Post-IPO Promoter Holding
1,97,40,000 shares
