Australian Premium Solar (India) Limited is one of the recognized brands in the solar industry, which is in the business of manufacturing Monocrystalline and Polycrystalline Solar Panels and Engineering, procurement, and construction (“EPC”) services thereof. The Company has a modern manufacturing facility at Tajpur, Sabarkantha, Gujarat that helps in delivering quality and latest technology products in the industry. The products manufactured by the Company are used in residential, agricultural, and commercial installations.
The company is primarily engaged in the manufacturing of Solar Panels and EPC Services of solar systems. The industry term for solar panels is PV Module (Photovoltaic Module) which refers to a setup for generating electricity from sunlight, using semiconductor materials in devices called photovoltaic cells or solar cells. Currently in the solar panel segment, they manufacture both monocrystalline and polycrystalline solar panels at their manufacturing facility spread across 25,375 square meters, located at Sabarkantha, Gujarat having a capacity of 200 MW per annum.
Australian Premium Solar manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. The difference between both lies in their integral raw material i.e., solar cells. A solar cell is typically made of semiconductor materials such as silicon wafers and it is an integral part of any solar-powered device. In Monocrystalline Panels, solar cells are typically more efficient and have a darker, uniform appearance due to their single-crystal structure allowing for bus bars (Copper coated thin strips) to be placed more strategically without significant visual impact. On the other hand, Polycrystalline solar cells have a blue or speckled appearance due to their multiple crystal structures, bus bars may need to be positioned to accommodate the less uniform appearance of these cells.
Objects of the Issue:
- Funding capital expenditure.
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Australian Premium Solar (India) IPO Review
- May Apply
Australian Premium Solar (India) IPO Date & Price Band Details
| IPO Open: | January 11, 2024 |
| IPO Close: | January 15, 2024 |
| IPO Size: | Approx ₹28.08 Crores, 5,200,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹51 to ₹54 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Australian Premium Solar (India) IPO Market Lot
The Australian Premium Solar (India) IPO minimum market lot is 2000 shares with a ₹108,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹108,000 |
| Retail Maximum | 1 | 2000 | ₹108,000 |
| S-HNI Minimum | 2 | 4400 | ₹216,000 |
Australian Premium Solar (India) IPO Dates
The Australian Premium Solar (India) IPO date is January 11 and the IPO close date is January 15. The IPO allotment date is January 16 and the IPO might list on January 18.
| IPO Open Date: | January 11, 2024 |
| IPO Close Date: | January 15, 2024 |
| Basis of Allotment: | January 16 2024 |
| Refunds: | January 17, 2024 |
| Credit to Demat Account: | January 17, 2024 |
| IPO Listing Date: | January 18, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Australian Premium Solar (India) IPO Form
How to apply Australian Premium Solar (India) IPO? You can apply Australian Premium Solar (India) IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Australian Premium Solar (India) IPO in the Invest section. The other option you can apply Australian Premium Solar (India) IPO via IPO forms download via the NSE website. Check out the Australian Premium Solar (India) forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Australian Premium Solar (India) Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹74.44 | ₹72.03 | ₹1.80 |
| 2022 | ₹98.33 | ₹94.67 | ₹2.71 |
| 2023 | ₹94.96 | ₹90.44 | ₹3.33 |
| 2024 6M | ₹- | ₹- | ₹- |
Australian Premium Solar (India) IPO Valuation – FY2023
Check Australian Premium Solar (India) IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.29 per Equity Share |
| Price/Earning P/E Ratio: | 2.29 |
| Return on Net Worth (RoNW): | 23.05% |
| Net Asset Value (NAV): | ₹9.95 per Equity Share |
Peer Group
- Zodiac Energy Limited
Company Promoters
- Mr. Chimanbhai Ranchhodbhai Patel
- Mrs. Savitaben Chimanbhai Patel
- Mr. Nikunjkumar Chimanlal Patel
Australian Premium Solar (India) IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Australian Premium Solar (India) IPO Allotment Status
Check Australian Premium Solar (India) IPO allotment status on Link Intime website URL. Click Here
Australian Premium Solar (India) IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Australian Premium Solar (India) Limited
Tajpur,
NH-08 TA-Prantij,
Sabarkantha – 383205
Phone: +91 87359 32511
Email: [email protected]
Website: http://www.australianpremiumsolar.co.in/
4 Responses
non recieveing of funds even after cancellation of mandate
Australian premium ipo not allotment ,but not fund unlock
Australian premium lpo allotment status
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