- Investment Products
- IPOs
- Australian Premium Solar (India) Ltd
Australian Premium Solar (India) Ltd IPO
The Company is one of the recognised brands in the solar industry, which is in the business of manufacturing of Monocrystalline and Polycrystalline Solar Panels and Engineering, procurement, and construction (EPC) services thereof. The Company has modern manufacturing facility at Tajpur, Sabarkantha, Gujarat that helps in delivering quality and latest technology products into the industry. The products manufactured by the Company are used in residential, agricultural and commercial installations.
The Company presently manufacture 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 cell. 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 strip) 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.
Apart from these, the Company provide installation services for solar panels and solar pumps. It undertake installation services under this segment for household and industrial end users, while also provide solar pump installation services for agricultural end users which enable us to supply their manufactured solar panels along with solar pumps. Till August 31, 2023, the Company has served more than 10,000 customers towards installation of solar modules out of which more than 9500 has been roof top installation for residential use and more than 1300 solar pumps installation for agricultural use.
The Company is proposing a Public Issue of 5200000 Equity Shares through Fresh Issue.
Show more
Show less
Australian Premium Solar (India) Ltd IPO Timeline
Australian Premium Solar (India) Ltd IPO opens on 11-Jan-2024, and closes on 15-Jan-2024. The Australian Premium Solar (India) Ltd IPO bid date is from 11-Jan-2024 to 15-Jan-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Australian Premium Solar (India) Ltd IPO Opening Date | 11-Jan-2024 |
| Australian Premium Solar (India) Ltd IPO Closing Date | 15-Jan-2024 |
| Basis of Allotment | 16-Jan-2024 |
| Initiation of Refunds | 17-Jan-2024 |
| Credit of Shares to Demat | 17-Jan-2024 |
| Australian Premium Solar (India) Ltd IPO Listing Date | 18-Jan-2024 |
Australian Premium Solar (India) Ltd IPO Lot Size
Australian Premium Solar (India) Ltd IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or 108000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹108000 |
| Maximum | 1 | 2000 | ₹108000 |
Australian Premium Solar (India) Ltd IPO Details
| Australian Premium Solar (India) Ltd IPO Date | 11-Jan-2024 to 15-Jan-2024 |
| Australian Premium Solar (India) Ltd IPO Face Value | Shares of ₹10 per share |
| Australian Premium Solar (India) Ltd IPO Price | ₹51 to ₹54 per share |
| Australian Premium Solar (India) Ltd IPO Lot Size | 2000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹28.08 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹28.08 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Chimanbhai Ranchhodbhai Patel, Savitaben Chimanbhai Patel, Nikunjkumar Chimanlal Patel. |
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 1 Funding capital expenditure
- 2 To meet working capital requirements
- 3 General corporate purposes
Company Financials
Australian Premium Solar (India) Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 80.38 | 150.32 | 6.15 |
| 03-2023 | 39.16 | 94.96 | 3.30 |
| 03-2022 | 34.68 | 98.33 | 2.70 |
| Amount in ₹ Crore | |||
- Experienced Promoters and Management Team.
- Long term Relationship with the Clients.
- Scalable Business Model.
- The Company, Promoters, Promoters Group and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities. Any adverse decision may make it liable to liabilities/ penalties and may adversely affect its reputation, business and financial status. A classification of these legal and other proceedings is given below:
- The Comapny's Registered Office from where its operate is not owned by it.
- The Company's dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
- Its highly depend on it major raw materials and a few key suppliers who help it procure the same. the Company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event its unable to procure adequate amounts of raw materials, at competitive prices it business, results of operations and financial condition may be adversely affected.
- The company's revenues are highly dependent on it operations in geographical region of state of Gujarat. Any adverse development affecting it operations in this region could have an adverse impact on the company is business, financial condition and results of operations.
- The company's conduct it business activities on a purchase order basis and therefore, have not entered into long-term agreements with it customers.
- The company has availed credit facility from banks, and it is subject to certain restrictive covenants. Any Delay in issuing No Objection Certificate for the proposed issue may delay it proposed Initial public offering.
- Any failure in it quality control processes may adversely affect it business, results of operations and financial condition. It may face product liability claims and legal proceedings if the quality of it products does not meet the company is customers' expectations.
- The comapny's business activities are exposed to fluctuations in the prices of raw materials.
- The company has only one Manufacturing Facility, continued operations of the company's manufacturing facility is critical to it business and any disruption in the operation of the company's manufacturing facility may have a material adverse effect on it business, results of operations and financial condition.
- The company's engaged in providing EPC service of solar rooftops and solar pumps and receives subsidy from state/central government for residential rooftop and agricultural segment. Any reduction or discontinuation of such subsidy will result in reduction in number of potential consumers.
- The Company's failure to perform in accordance with the standards prescribed in work order of it client could result in loss of business or payment of liquidated damages.
- The Company has in the past not complied with the certain provisions of the Companies Act, 2013. Further, there have also been instances where it Company has inadvertently filed incorrect information with the RoC in its statutory filings.
- There are certain discrepancies and non-compliances noticed in some of The company's financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
- The company's require a number of approvals, licences, registrations and permits in the ordinary course of it business and any failure or delay in obtaining the same in a timely manner may adversely affect its operations.
- The comapny's issued Equity Shares to promoter/promoter group and public during the last 12 months preceding the date of this Prospectus at a price lower than the Issue Price as detailed in the following table:
- Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting it operation and financial condition.
- The Company's requires significant amount of working capital for a continued growth. It inability to meet its working capital requirements may have an adverse effect on it results of operations.
- The company has 100% dependent on third party transportation providers for delivery of raw materials to it from the company is suppliers and delivery of the comapny is products to it customers. The company is not entered into any formal contracts with it transport providers and any failure on part of such service providers to meet their obligations could adversely affect the company is business, financial condition and results of operation.
- Any adverse change in regulations governing the company is products and the products of it customers, may adversely impact it business prospects and results of operations.
- The Company has availed Rs. 37.61 lakhs as unsecured loan as on March 31, 2023, which are repayable on demand. Any demand from the lenders for repayment of such unsecured loan may affect it cash flow and financial condition.
- The comapny has subject to foreign currency exchange rate fluctuations which could have a material and adverse effect on the results of operations and financial conditions.
- Failure to effectively manage labour or failure to ensure availability of sufficient labour could affect the business operations of the Company.
- Strikes, work stoppages or increased wage demands by the company employees or any other kind of disputes with the comapny is employees/workmen in future could adversely affect it business and results of operations.
- In addition to normal remuneration, other benefits and reimbursement of expenses to the company Promoters and Directors; they are interested to the extent of their shareholding and dividend entitlement thereon in it Company and for the transactions entered into between it Company and themselves as well as between the Company and it Group Companies/Entities. the Company's in future may enter in related party transactions subject to necessary compliances.
- The average cost of acquisition of Equity shares by it Promoters is lower than the Issue price.
- The comapny's success depends heavily upon its Promoters, Directors and Key Managerial Personnel for their continuing services, strategic guidance and financial support. It success depends heavily upon the continuing services of Promoters, Directors and Key Managerial Personnel who are the natural person in control of Its Company.
- The company has subject to risks associated with expansion into new markets.
- Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- There is no monitoring agency appointed by its Company to monitor the utilization of the Issue proceeds.
- Industry information included in this Draft Red Herring Prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Within the parameters as mentioned in the chapter titled "Objects of this Issue" of this Draft Red Herring Prospectus, The Company's management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
- The comapny has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at the company's discretion and as per the details mentioned in the section titled "Objects of the Issue".
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by it major shareholders may adversely affect the trading price of its Equity Shares.
- The company's ability to pay dividends in the future will depend upon it future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in it financing arrangements.
- The company's inability to effectively implement it business and growth strategy may have an adverse effect on the comapny is operation and growth.
- The requirements of being a public listed company may strain it resources and impose additional requirements.
- Expanding EPC vertical.
- Improve Domestic Presence.
- Leveraging its market skills and relationship.
- Optimal Utilization of Resources.
- Customer Satisfaction.
Australian Premium Solar (India) Ltd IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.65% |
Australian Premium Solar (India) Ltd IPO Subscription Status (Bidding Detail)
The Australian Premium Solar (India) Ltd IPO is subscribed 308.9138 times on Jan 15, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Subscription (times) | - | - | - | - | 308.9138 |
Australian Premium Solar (India) Ltd IPO Prospectus
Australian Premium Solar (India) Ltd IPO Listing Date
| Listing Date | 18 Jan 24 |
| BSE Script | 91937 |
| NSE Symbol | APS |
| Listing In | NSE - SME |
| ISIN | INE0P0001010 |
| IPO Price | ₹54 |
| Face Value | ₹10 |
Australian Premium Solar (India) Ltd IPO Registrar
Link Intime India Pvt Ltd
Phone: +91 22 4918 6200
Email: australianpremium.ipo@linkintime.co.in
Website: www.linkintime.co.in
Australian Premium Solar (India) Ltd IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
FAQs on Australian Premium Solar (India) Ltd IPO
Australian Premium Solar (India) Ltd IPO, which opens for subscription from 11-Jan-2024 to 15-Jan-2024 has an issue size of ₹28.08 crore. The issue type is book building issue.
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Australian Premium Solar (India) Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
Australian Premium Solar (India) Ltd IPO Opens for subscription from 11-Jan-2024 to 15-Jan-2024.
The lot size of Australian Premium Solar (India) Ltd is 2000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹108000 and ₹108000 respectively.
Allotment date for Australian Premium Solar (India) Ltd is 16-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 17-Jan-2024. If your allotment goes through, then shares will be credited in your Demat account by 17-Jan-2024.
The registrar for Australian Premium Solar (India) Ltd IPO is Link Intime India Pvt Ltd. You can check your IPO allotment status on the registrar's website.
The shares of Australian Premium Solar (India) Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Power your investments with our smart trading platforms
For a powerful, stable and secure experience,
download m.Stock App & set up your lifetime Zero brokerage account @ one-time fee of ₹999
-
Scan QR code to download
- OR
-
Enter number to get app link
+91
