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Open
11 Jan 2024
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Close
15 Jan 2024
3
Allotment
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Listing
Thu, Jan 18, 2024
Price Band
₹51 to ₹54
Issue Size
52,00,000 shares (agg. up to ₹28 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Jan 18, 2024
Latest GMP
₹55
Est. Gain
101.85%
✦ AI Insight
GMP Trend
18-01-2024₹55Est. ₹109+101.85%
17-01-2024₹55Est. ₹109+101.85%
16-01-2024₹50Est. ₹104+92.59%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 320.88x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 44.17 | 39.19 | 34.68 | 35.02 |
| Total Income | 50.27 | 94.96 | 98.33 | 74.44 |
| Profit After Tax | 1.13 | 3.33 | 2.70 | 1.80 |
| NET Worth | 15.63 | 14.47 | 11.13 | 8.47 |
| Reserves and Surplus | 1.09 | 14.45 | 11.11 | 8.45 |
| Total Borrowing | 1.96 | 2.22 | 2.99 | 3.29 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Akanksha Power & Infrastructure Ltd. | SME | ₹27.49 Cr | ₹55 | 24.02 | ₹65.10 | +18.36% | ₹90.10 (-2.22%) |
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹217.85 (+3.00%) |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹24.40 (+3.39%) |
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹292.60 (-2.47%) |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹222.50 (-4.93%) |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,476.35 (-0.13%) |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹659.50 (+2.44%) |
| Avalon Technologies Ltd. | Mainboard | ₹865.00 Cr | ₹436 | 55.54 | ₹398.00 | -8.72% | ₹1,767.60 (+5.24%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure | 3.35 |
| 2 | To Meet Working Capital Requirements | 17.03 |
| 3 | General Corporate Purpos | 7.00 |
About Australian Premium Solar IPO
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 w
Contact Details
Australian Premium Solar (India) Ltd. AddressTajpur, NH-08 TA-Sabarkantha-Prantij, Gujarat, 383205+91 87359 32511compliance@australianpremiumsolar.co.inVisit Website