Here is a full Summary of Australian Premium Solar (India) Ltd SME IPO Details. Keep visiting daily for important dates. You can bid for this IPO between 11th Jan 2024 to 15th Jan 2024. You can apply through a minimum amount of ₹108000, 2000 shares (1 Lot) and between the price range of ₹51 to ₹54.
Table of Contents
ABOUT COMPANY
Australian Premium Solar Company, originally incorporated as Australian Solar Panel (India) Private Limited in May 2013, was later converted into a public limited company with the approval of shareholders. They specialize in the production of Monocrystalline and Polycrystalline Solar Panels, as well as Engineering, Procurement, and Construction (“EPC”) services in the solar industry. Its modern manufacturing facility, located in Tajpur, Sabarkantha, Gujarat, allows us to deliver the latest technology and high-quality products in the industry.
The company manufactures solar panels and provides EPC services for solar systems. They produce both monocrystalline and polycrystalline solar panels at the facility in Sabarkantha, Gujarat with a capacity of 200 MW per annum.
The company offers installation services for solar panels and pumps to residential, industrial, and agricultural customers. They have served over 10,000 unique customers with more than 9,500 rooftop installations for residential use, and over 1,300 installations for agricultural solar pumps until August 31, 2023.
Company’s Business Model:
- Manufacturing of solar panels
- EPC Services
- Installation Services for Solar Rooftop
- Installation of Solar Pump
Promotors
Mr. Chimanbhai Ranchhodbhai Patel and Mrs. Savitaben Chimanlal Patel are the promotors of the company.
THE ISSUE
The company is offering 52,00,000 fresh equity shares.
IPO Issue Size – ₹28.08 Cr
Minimum Investment – ₹108000
AUSTRALIAN PREMIUM SOLAR (INDIA) LTD SME IPO IMPORTANT DATES
| Opening Date | 11th Jan 2024 |
| Closing Date | 15th Jan 2024 |
| Allocation Date | 16th Jan 2024 |
| Refund Initiation Date | 17th Jan 2024 |
| Demat Transfer Date | 17th Jan 2024 |
| IPO Listing Date | 18th Jan 2024 |
| Issue Price | ₹54 Per Share |
| Lot Size | 2000 shares |
| Face Value | ₹10 Per Share |
Also Read: IBL FINANCE LTD SME IPO DETAILS
PURPOSE OF THE IPO
The company is required to use funds for the following reasons:
- Funding of working capital requirements of the Company;
- To Meet Working Capital Requirements;
- General Corporate Purposes;
- To meet Public Issue Expenses
AUSTRALIAN PREMIUM SOLAR (INDIA) LTD SME IPO FINANCIAL INFO
| Period | 31 July 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Total Assets | 44.16 | 39.18 | 34.68 | 35.01 |
| Revenue | 50.27 | 94.95 | 98.32 | 74.43 |
| Profit After Tax | 1.13 | 3.33 | 2.70 | 1.80 |
| Total Borrowing | 1.96 | 2.22 | 2.99 | 3.28 |
The company is financially good and has low debt on the balance sheet. The assets are growing and Profit and Revenue are also growing year on year. The Revenue declined by 3% from Year 2022 to 2023, But profit increased by 23%. So we recommended this IPO for the future also as solar energy is the future of the world.
We/I are not SEBI Registered, we advise accordingly our research please bid for IPO at your own risk.
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