About The Australian Premium Solar IPO
Australian Premium Solar IPO is SME IPO which is open today 11 Jan 2024 . The Company is to raise only Rs-28.08 Cr via IPO.IPO Opening is today 11Jan 2024 and closes on 15 Jan 2024. BOAT (Basis of Allotment Tentative) expected to be finalized on January 16, 2024.Tentative IPO listing date is on 18 Jan 2024. Australian Premium Solar IPO will be listed on NSE SME. The IPO price band is fixed between ₹51 to ₹54 Per Equity Share.
| IPO Name | Australian Premium Solar IPO |
| IPO Size | 28.08 Cr |
| P/E Ratio | 23.58 |
| IPO Price | 51-58 |
| LOT Size | 2000 |
| IPO Open Date | 11-Jan-24 |
| IPO Close Date | 15-Jan-24 |
| BOAT Date | 16-Jan-24 |
| Listing Date | 1-Jan-24 |
About the company (Australian Premium solar )
Australian Premium Solar (India) is a solar energy company that operates in the Indian market. Australian Premium Solar (India) Limited, incorporated in May 2013,headquartered in Sabarkantha, Gujrat.
As part of the Australian Premium Solar group, the company focuses on providing high-quality solar solutions for residential, commercial, and industrial clients in India. With a commitment to sustainable energy practices, the company offers a range of solar products and services, including solar panels, inverters, and solar energy systems.
Australian Premium Solar (India) aims to contribute to the country’s renewable energy goals by promoting the adoption of solar power technology. The company emphasizes the use of advanced and efficient solar technologies to maximize energy production while minimizing environmental impact. Additionally, they often engage in research and development activities to stay at the forefront of innovation in the solar energy sector.
Australian premium solar company financial status
| 2021 | 2022 | 2023 | |
| Revenue | 74.16 Cr | 98.12 Cr | 94.56Cr |
| Profit | 1.80 Cr | 2.70 Cr | 3.33 Cr |
| Total Asset | 35.02 Cr | 34.68 Cr | 39.19 Cr |
Australian Premium Solar IPO Lot Size
The IPO subscription minimum lot size for an application is 2000 Shares and The minimum amount of required for investment by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amount to be required ₹216,000.
APS Retails 1 LOT (2000 SHARE)= Rs-108000 .
HINI 2 LOT (4000 Share) = Rs-216000.
Australian Premium Solar (India) IPO Promoter Holding
Share Holding Pre issue 99.98 % Share Holding Post issue 73.64 %
Key Performance Indicator
| KPI | Values |
| ROE | 26.05% |
| ROCE | 30.62% |
| DEBT/EQUITY RATIO= | 0.15 |
| P/E RATIO= | 23.58 |
| RONW | 23.05% |
Australian Premium Solar IPO Grey Market and GMP
Grey Market Premium= 55 %
GMP price is Rs- 30.