Australian Premium Solar SME IPO
Basic information about the company: Founded in 2013, Australian Premium Solar (India) Limited specializes in manufacturing high-quality monocrystalline and polycrystalline solar modules. Additionally, the company offers comprehensive engineering, procurement, and construction (EPC) services tailored for residential, agricultural, and commercial applications. Diverse Product Range The company distinguishes itself by producing two main types of solar panels:
Monocrystalline Solar Panels:
Characterized by superior efficiency.
Exhibits a uniform, darker appearance owing to the monocrystalline structure.
Strategically placed busbars enhance aesthetic appeal.
2. Polycrystalline Solar Panels:
Recognizable by a blue or speckled appearance due to multicrystalline structure.
Busbars are strategically positioned to accommodate the less uniform appearance.
Comprehensive Services
Australian Premium Solar manufactures solar panels and provides end-to-end installation services for residential and industrial customers. Specifically, the company specializes in solar panels and pumps for residential and industrial applications, extending its expertise to include solar pump installations for agricultural needs. By the end of August 2023, Australian Premium Solar has successfully installed solar panels for over 10,000 customers. Notably, more than 9,500 installations adorn the rooftops of residential buildings, while an additional 1,300 installations cater to the agricultural sector, specifically involving solar pumps. Objects of the Issue
The proceeds from the IPO will be allocated towards the following objectives:
Funding Capital Expenditure: Allocating resources for strategic capital investments.
Meeting Working Capital Requirements: Ensuring optimal operational liquidity.
General Corporate Purpose: Supporting ongoing business initiatives.
Meeting Public Issue Expenses: Covering costs associated with the IPO launch and administration.
Prominent Promoters
The company's promoters include Mr. Chimanbhai Ranchhodbhai Patel, Mrs. Savitaben Chimanbhai Patel, and Mr. Nikunjkumar Chimanlal Patel. As of the pre-issue stage, the promoter holding stands at 99.98%, with a post-issue holding expected to be 73.64%.
Australian Premium Solar SME IPO
IPO Dates: 11 to 15 Jan 2024
Price Band: ₹51 to ₹54 per share
Lot Size: 2,000 Shares
Issue Size: ₹28 Crs
Listing: NSE SME
GMP: +40% (Only for information) 📌Link for checking the Allotment status of Australian Premium Solar SME IPO 👇:
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