Australian Premium Solar (India) IPO Overview

Eivod Desk
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IPO Overview
 IPO Overview

Australian Premium Solar (India) IPO Review

Australian Premium Solar (India) Limited, a distinguished name in the solar industry, is poised to enter the stock market through an initial public offering (IPO). Let's delve into the essential details and facets of this upcoming IPO.

Australian Premium Solar (India) IPO Date & Price Band Details

The IPO is slated to commence on January 11, 2024, and conclude on January 15, 2024. With a price band set at ₹51 to ₹54 per equity share, the company aims to raise ₹28.08 crores via the IPO. The face value of each equity share stands at ₹10.

Australian Premium Solar (India) IPO Market Lot

Investors can participate with a minimum market lot of 2000 shares, requiring an application amount of ₹108,000. The distribution includes retail, S-HNI (Super High Net Worth Individuals), and specific quotas for different investor categories.

Australian Premium Solar (India) IPO Date

The IPO process spans from January 11 to January 18, with the allotment date scheduled for January 16. Refunds are expected on January 17, and the listing date is confirmed as January 18, 2024.

Australian Premium Solar (India) Company Financial Report

The company's financial report reflects consistent growth over the years, with revenue, expenses, and profit after tax (PAT) displaying positive trends.

  • Year 2021: ₹74.44 crores (Revenue), ₹72.03 crores (Expense), ₹1.80 crores (PAT)
  • Year 2022: ₹98.33 crores (Revenue), ₹94.67 crores (Expense), ₹2.71 crores (PAT)
  • Year 2023: ₹94.96 crores (Revenue), ₹90.44 crores (Expense), ₹3.33 crores (PAT)
  • Year 2024 (6M): Yet to be disclosed

Australian Premium Solar (India) IPO Valuation – FY2023

  • Key valuation metrics for FY2023 include:
  • 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

Australian Premium Solar Peer Group

Australian Premium Solar (India) operates in the solar industry alongside peers like Zodiac Energy Limited.

Company Promoters

The company's promoters include Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, and Mr. Nikunjkumar Chimanlal Patel.

Australian Premium Solar (India) IPO Registrar

For IPO-related services, the registrar is Link Intime India Private Ltd

Australian Premium Solar (India) IPO Allotment Status

Investors can check the IPO allotment status on the Link Intime website.

Australian Premium Solar (India) IPO Lead Managers

Beeline Capital Advisors Pvt Ltd is the lead manager or merchant banker for the IPO.

Company Address

Australian Premium Solar (India) Limited

Tajpur, NH-08 TA-Prantij,

Sabarkantha – 383205

Phone: +91 87359 32511


Website: Australian Premium Solar

In summary, the Australian Premium Solar (India) IPO offers a promising investment opportunity for those seeking to participate in the expanding solar industry. As the IPO dates approach, investors are encouraged to conduct further research and carefully consider their investment strategies.

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