Australian Premium Solar (India) Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹55(101.85%)
Premium (ELP)
The public market debut of Australian Premium Solar (India) Limited's was completed on Jan 18, 2024 with its listing on the NSE exchange. The IPO process raised 52,00,000 Shares in total capital, consisting of 52,00,000 Shares in new equity.
The offering featured a price range of ₹51 to ₹54 and minimum application size of 2000 shares. Investor response during the subscription period from Jan 11, 2024 to Jan 15, 2024 influenced the final allotment ratios across investor categories.
Final allotment was announced on Jan 16, 2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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 offers monocrystalline solar panels, known for higher efficiency and a uniform appearance, and polycrystalline solar panels, which have a distinctive blue or speckled look. In addition to solar panel production, the company provides installation services for residential, industrial, and agricultural solar solutions, including solar pumps. By August 31, 2023, it had installed solar panels for over 10,000 customers, including more than 9,500 on residential rooftops and 1,300 solar pumps for agricultural use. The company operates a manufacturing facility in Sabarkantha, Gujarat, and employed 169 people as of July 31, 2023.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Chimanbhai Ranchhodbhai Patel
- Mrs. Savitaben Chimanbhai Patel
- Mr. Nikunjkumar Chimanlal Patel
Australian Premium Solar (India) Limited
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